Iron ore exports up from Brazil's top producing states

Tuesday, November 29, 2016

Iron ore exports from Brazil's top producing states increased in the first 10 months of this year, according to the development, industry and foreign trade ministry MDIC.

Iron ore exports from Minas Gerais state rose 0.62% year-on-year in January-October to US$5.23bn, while those of ferroniobium dropped 20.8% to US$946mn. Gold exports increased 0.86% to US$678mn, while unalloyed cast iron exports brought in US$230mn, down 33.2%, MDIC figures show.

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The state's total exports for the first 10 months fell 4.49% to US$17.8bn.

China was Minas Gerais' main export destination, followed by the US, Argentina, the Netherlands and Japan.


Iron ore exports from Pará state were up 10.8% to US$3.64bn in January-October.

Calcined alumina exports fell 10.5% to US$1.07bn, according to MDIC data.

Copper and copper concentrate exports were down 17.1% to US$1.17bn, while the state's total exports dropped 4.61% to US$8.28bn.

China was also the main destination for Pará exports, followed by Japan, Germany, Canada and Norway.

Overall. Brazil's iron ore exports fell 2.15% year-on-year by revenue in October.