South Africa, world’s 3rd largest iron ore exporter have exported 4.66 MnT iron ore in Feb’17, according to the trade data released by South African Customs. Iron ore exports have decreased by 12% M-o-M as it was 5.31 MnT in Jan’17.
On the other hand, South African iron ore exports have increased by 11% for the month of Feb’17 Y-o-Y compared with Feb’16. In Feb’17 iron ore exports from South Africa was recorded at 4.19 MnT.
In the first 2 months of 2017, the country exported 9.97 MnT iron ore, up 8% as it was 9.27 MnT in the same period last year.
In Feb’17, the agglomerated iron ore exports were at 3.13 MnT, up 8% as it were 2.24 MnT in Jan’17. On the other hand, non-agglomerated iron ore exports were registered at 1.53 MnT in Feb’17, down by 37% as it were 2.41 MnT in Jan’17.
South Africa iron ore export to China higher 19% in Feb’17
The largest importer of South African iron ore China retains the first position for the month of Feb’17 as well. For the month China imported 2.69 MnT iron ore from South Africa compared to the quantity of 3.31 MnT in Jan’17
Netherlands Imports 261% higher material Y-o-Y
The Netherlands have been the second largest importer of South African iron ore after China at 0.61 MnT. There was a increase of 39% in imports from South Africa M-o-M.
Other major countries that South Africa exported iron ore to in Feb’17 are South Korea, Hong-Kong, India and Italy.
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