China is the sole driver for iron ore exports in early 2021

Export of iron ore from Brazil saw a good start to 2021. But China alone is responsible for accelerating that development, shows an analysis from Bimco.

Photo: PR / HMM

The first two months of 2021 saw Brazilian iron ore exports increase by 9.1 percent to 53 million tonnes. The development is solely due to China, which has raised imports from Brazil compared to other countries.

So far, 35.2 million tonnes of iron ore has been exported to China, an 15.2 percent increase compared to the same period last year. In contrast, exports to all other countries have dropped by 1.2 percent, shows an analysis by shipping organization Bimco.

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