Recent trade statistics released by Brazil Customs show that Brazil has exported around 29 MnT iron ore in Jan’17. Iron ore exports decreased by 17% in Jan’17 against 35.12 MnT in Dec’16.
Brazilian iron ore export volumes increased by 16% Y-o-Y in 2016, the country has exported 373.8 MnT iron ore against 366.7 MnT in 2015.
The average export price for Brazilian iron ore in Jan’17 was around USD 56/MT, FoB Brazil, significantly up by USD 16.8/MT from Dec’16 as it was USD 39.2/MT, FoB Brazil. However, on Y-o-Y basis, average export prices rose by USD 29.8/MT against USD 26.2/MT, FoB Brazil in Jan’16.
According to data provided by Inchcape Shipping Services, Brazil, – the country exported 29 MnT iron ore via sea route. Vale, the world’s largest iron ore producer exports around 85% of iron ore via sea route. In Jan’17, the miners exported 24.70 MnT iron ore via sea route, CSN – 1.97 MnT, Anglo American – 1.40 MnT and Trafigura – 1.02 MnT.
China, the largest iron ore importer of Brazilian iron ore imported around 57% of total Brazilian exports in Jan’17, whereas Malaysia contributed 8%, Japan 6.7%, and France contributed 4% via sea route.
Port-wise iron ore exports to different countries via sea route in Jan’17
| Port Wise | Quantity |
| Ponta Da Madeira | 11.78 |
| Tubaro Port | 8.85 |
| Guaiba Port | 3 |
| Itaguai Port | 2.13 |
| Acu Port | 1.4 |
| CPBS Port | 1.07 |
| Sudeste Port | 0.86 |
| Grand Total | 29.09 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
Shipper-wise iron ore exports to different countries via sea route in Jan’17
| Countries | Vale | CSN | Anglo American | Trafigura |
| China | 14.3 | 0.94 | 0.5 | 0.7 |
| Malaysia | 2.32 | – | – | – |
| Japan | 1.4 | 0.51 | – | – |
| France | 1.2 | – | – | – |
| Turkey | – | 0.36 | 0.2 | – |
| Netherlands | 0.8 | – | 0.17 | – |
| UK | 0.2 | – | – | 0.16 |
| Oman | 0.8 | – | – | – |
| Mexico | 0 | – | 0.17 | – |
| Bahrain | 0 | 0.17 | 0.2 | – |
| India | 0 | – | 0.17 | – |
| Others | 3.7 | – | – | 0.17 |
| Total | 24.7 | 2 | 1.4 | 1 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
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