Brazil's iron ore pellet exports to Mercosur rise

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Monday, August 28, 2017

Brazil's iron ore pellet exports to fellow Mercosur nations rose 74.4% year-on-year in January-July to US$97.8mn, foreign trade department Secex reported.

The country shipped 1.27Mt of iron ore pellets to bloc members, up from 1.13Mt a year earlier.

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Rolled iron and steel product exports to Mercosur shot up 56.5% to US$74.8mn, according to Secex, while shipments rose to 86,888t from 77,311t.

Unwrought aluminum exports to fellow Mercosur countries – Argentina, Paraguay and Uruguay – dropped 33.1% to US$77.2mn as volumes slumped to 245,398t from 475,498t.

Mineral fertilizer exports to the bloc rose 6.98% to US$68.4mn, with volumes increasing to 202,461t from 183,333t.

Brazil's total exports to Mercosur in the period were US$12.8bn, up 27.4% from US$10.0bn a year before.

The following chart shows Brazil's overall iron ore exports in January-July.

[GRAFICO:FIGURA:ID_1197_1503931773833]