Brazil's Top Iron Ore States See Exports Slump in 11 Months
Posting Date:[2015-12-07]
Brazilian iron ore exports from Minas Gerais state fell 48.1% year-on-year in January-November to US$5.66bn, while those of ferroniobium dropped 12.6% to US$1.27bn, according to the development, industry and foreign trade ministry (MDIC).
The drop was mostly due to falling iron ore prices amid a global supply glut.
Pellet shipments increased 100% to US$261mn in the period, while gold exports brought in US$757mn, up 4.74%, according to MDIC figures.
The state's total exports in the first 11 months fell 25% to US$20.3bn, with iron ore accounting for 27.9%.
China was Minas Gerais' main export destination, followed by the US, Argentina, the Netherlands and Japan.
PARá
Iron ore exports from Pará state dropped 47.4% to US$3.63bn in the same period. Copper and copper concentrate exports rose 23.6% to US$1.51bn, according to the MDIC.
Calcined alumina exports grew 8.66% to US$1.31bn, while the state's total exports dropped 27.4% to US$9.46bn, with iron ore accounting for 38.4%.
China was also the main destination for Pará exports, followed by Japan, Germany, the US and Canada.
