Japan: Iron ore imports drop 6% m-o-m in Jan’24

  • Iron ore (including pellets) imports into Japan dropped by 6% m-o-m to 8.31 mnt in Jan’24 as against 8.87 mnt in Dec’23, according to customs data.
  • Australia was the largest exporter at 4.31 mnt followed by Brazil (2.43 mnt).
  • Meanwhile, imports fell by 13% y-o-y compared to 9.57 mnt in Jan’23.