Taiwan, the world’s sixth largest iron ore importer has imported 2.17 MnT iron ore in Aug’16, according to the trade statistics released by Taiwan customs.
Iron ore imports have witnessed a growth of 12.4% M-o-M as it was 1.93 MnT in Jul’16. On similar lines, Taiwan iron ore imports increased by 57% Y-o-Y.
During the first eight months of 2016, the country imported 15.16 MnT iron ore, up by 6.4% Y-o-Y as it was 14.24 MnT in the same period prior this year.
The non-agglomerated iron ore (lumps and fines) import in Aug’16 was registered at 1.99 MnT, up by 31% M-o-M. However, the agglomerated ore (pellets and concentrates) import was registered at 0.18 MnT, significantly down by 56% M-o-M.
- Australia, the largest exporter of iron ore accounted for around 70% iron ore exports to Taiwan. In Aug’16, the country exported 1.55 MnT, up by 19% M-o-M and 76% Y-o-Y.
- Brazil, the second-largest iron ore exporter to Taiwan, exported 0.53 MnT iron ore in Aug’16, down by 15% M-o-M. The nation imported 0.43 MnT iron ore in Aug’15.
- Canada, the third largest iron ore exporter to Taiwan has exported 0.08 MnT iron ore in Aug’16 against zero exports in Jul’16. The nation imported 0.08 MnT iron ore in Aug’15.
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