Trade statistics released by Customs Committee of Russia shows that Russian iron ore exports in H1 2016 significantly dropped by 21.4% as compared to H1 2015.
In H1 2016, the country exported around 8.79 MnT of iron ore (both agglomerated as well as non-agglomerated). However, in H1 2015, iron ore exports both agglomerated and non- agglomerated stood at 11.19 MnT.
In Jun’16, the country exported 1.65 MnT of iron ore as compared to 1.81 MnT in May’16. However, on Y-o-Y basis, iron ore exports in Jun’16 was down by 5.5% as it was 1.79 MnT in Jun’15.
The non-agglomerated iron ore (fines and lumps) exports in the month of Jun’16 was registered at 1.09 MnT , dropped sharply by 15.5% as it was 1.29 MnT in May’16. On Y-o-Y basis, exports were down by 10% as it was 1.21 MnT in Jun’15.
The agglomerated iron ore exports (pellets and concentrates) in the month of Jun’16 was registered at 0.56 MnT, up by 7.6% as it was 0.52 MnT in May’16. However, on Y-o-Y basis, iron ore exports were down by 3.4% as it was 0.58 MnT in Jun’15.
Russian iron ore exports to different countries in H1 2016 Vs H1 2015
| Countries | H1 2016 | H1 2015 |
| China | 2.9 | 1.4 |
| Ukraine | 1.2 | 1.4 |
| Slovakia | 1.1 | 0.7 |
| Turkey | 0.9 | 0.5 |
| Finland | 0.7 | 0.5 |
| Kyrgzstan | 0 |
11.6 |
Quantity in MnT
Source: Russia Customs
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