Rising of iron ore export in Brazil

According to info of Brazilian Ministry of Development, February exports of iron ore up 21.6% compared to the same period of 2018 to 28.9 million tonnes. Shipments however fell by -12.7% versus January period.

For the first two-month period Brazil exported almost 62.1mt, up 14.5% on the corresponding period of last year.

In February exports of iron ore had a fob value of $1.53 billion, up by 21.6% y-o-y.

Cumulative value of shipments abroad also increased 15.9% y-o-y to $3.23 billion.

China has the most of iron ore exports, this country took 52% of shipments in February. Malaysia and Japan were the next largest importers, with shares of 7.3% and 5.6% respectively.

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