Brazilian iron ore exports drop in Feb
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Update time : 2021-03-10 16:10:29
According to the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), Brazil exported approximately 24 million tons of iron ore in February, increasing by 10.9% from the previous month while dropping by 27.5% from the same month last year.
During the period, the export value was around US$2.9 billion, soaring by 94.7% year on year.
In the first two months of 2021, Brazil totally exported roughly 53 million tons, going up by 9.5% from the same period a year ago. China was the largest destination, accounting for 64% of the total, followed by Malaysia's 7.4% and Bahrain's 4.7%.
