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Iron Ore November 02, 2015 10:30:07 AM

Brazil’s iron ore exports jump 8% in September

Paul Ploumis
ScrapMonster Author
The latest government statistics indicate considerable rise in iron ore exports from Brazil during the month of September this year. The shipments from Brazil totaled 35.61 million tons, up 7.6% year-on-year.
Brazil’s iron ore exports jump 8% in September

SAO PAULO (Scrap Monster): The most recent statistics released by Brazil’s Secretary of Foreign Trade (Secex) indicates significant rise in iron ore exports by the country during the month of September this year. Brazil’s iron ore exports during September ’15 totaled 35.61 million tons, up 7.6% when compared with the previous year.

The iron ore export price averaged at $35.5 per ton, substantially lower by 47.2% when compared with a year before. The iron ore export prices in Brazil had averaged at $67.3 per ton during September last year. The value of exports totaled $1,265.744 million, dropping sharply by 43.1% year-on-year. The total value of Brazilian iron ore exports had amounted to $2,226.335 million during the same month in 2014.

The largest destination of iron ore exports from Brazil was China. The exports to China during September ’15 totaled 19.75 million tons, accounting for nearly 55% of the total exports by Brazil during the month. The value of exports to China during the month totaled $633.631 million. The export prices averaged at $32.10 per tonne during Sep ’15.

The second largest destination of Brazil’s iron ore exports was Japan. The exports to Japan totaled 3.21 million tons. The other key export destinations of Brazilian iron ore during the ninth month of the year were the Philippines (2.06 million tons), South Korea (1.72 million tons) and Malaysia (1.34 million tonnes).