Brazilian iron ore exports increase in Feb
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Update time : 2024-03-12 16:54:20
According to the new data from Brazil's Ministry of Development, Industry and Foreign Trade (Mdic), in February, Brazil's iron ore exports amounted to about 28.3 million tons, decreasing by 3.4% month on month but growing by 21.4% year on year. Meanwhile, the export value totaled US$2.8 billion, a month-on-month decrease of 3.4% but a year-on-year increase of 41.4%.
In the first two months, Brazilian iron ore exports were about 57.6 million tons, growing by 20.4% from the same period of last year. In the same period, the export value totaled nearly US$5.62 billion, hiking by 48.9% year on year. Among them, China imported most of Brazil's iron ore in the first two months, accounting for 66% of total Brazilian iron ore exports. The followings were Malaysia (5.8%) and Oman (3.2%).
