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Exports from Brazil's top iron ore states drop

Bnamericas Published: Wednesday, June 08, 2016

Iron ore exports from Brazil's Minas Gerais state fell 12.8% year-on-year in January-May to US$2.17bn, while those of ferroniobium dropped 23.4% to US$496mn, according to development, industry and foreign trade ministry (MDIC) data.

The drop in iron ore sales abroad was mostly due to falling prices amid a global supply glut.

Pellet shipments decreased 30.7% to US$83.1mn in the period, while gold exports brought in US$344mn, slightly up 0.48%, according to MDIC figures.

The state's total exports for the first five months fell 9.74% to US$8.23bn.

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

PARÁ

Iron ore exports from Pará state dropped 3.16% to US$1.55bn in the five months. Copper and copper concentrate exports fell 19.8% to US$551mn, according to MDIC data.

Calcined alumina exports were down 6.19% at US$565mn, while the state's total exports dropped 10.8% to US$3.74bn.

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

[GRAFICO:FIGURA:ID_1197]

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