Chinese iron ore imports from Brazil and India fall sharply in 2010

Monday, 24 Jan 2011

Reuters quoted according to data issued by customs that Chinese imports of iron ore from Brazil and India fell sharply during 2010 while Australian shipments inched up slightly over the year.

Shipments from India fell 9.98% to 96.59 million tonnes in 2010, and Brazilian deliveries declined by 9.09% to 130.86 million tonnes compared to a year earlier.
Imports from Australia reached 265.33 million tonnes up by 1.36%YoY.

China stung by its dependence on the three dominant global supplier countries, vowed early last year to diversify its sources of iron ore. Australia, Brazil and India provided 79.7% of China total iron ore imports over 2010 down from 81.5% in 2009 and much of the gap was met by increasing shipments from countries such as Iran, Ukraine and Venezuela.
(Sourced from Reuters)