Canada: Iron Ore Exports Down 25% in Oct'18
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Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 5.1 MnT in Oct'18. The exports depicted fall of 25% as compared to Sep'18 exports at 6.8 MnT. On yearly basis exports witnessed 53% rise as against 3.33 MnT in Oct'17.
For the duration Jan-Oct'18, Canadian exports marked at 38.78 MnT, up 17% as compared to 33.2 MnT last year for the same duration.
The non-agglomerated ore (Lumps and Fines) depicted 22% decrease on monthly basis to 4.03 MnT in Oct'18 as against 5.17 MnT in Sep'18. However, Y-o-Y exports witnessed 71% rise as against Oct'17 exports at 2.36 MnT.
Agglomerated ore (pellets and concentrates) exports in Oct'18 witnessed at 1.08 MnT, down 33% M-o-M as compared to Sep'18 exports at 1.62 MnT. However, on yearly basis, exports depicted 11% rise as against Oct'17 exports at 0.97 MnT.
Iron ore exports to China down 27% M-o-M
China and Netherland marked the largest imports of Canadian iron ore in Oct'18 at 1.02 MnT each. China's import dropped 27% in Oct'18 as against as against 1.4 MnT in Sep'18.
Canadian exports to UK increased significantly to 0.48 MnT in Oct'18 as against being 0.04 MnT a month ago. Japan and France depicted sharp decline in imports for the month at 0.42 and 0.41 MnT respectively.
Canada iron ore exports
| Country | Oct-18 | Sep-18 | M-o-M (%) |
| China | 1.02 | 1.4 | -27% |
| Netherland | 1.02 | 1.35 | -24% |
| United Kingdom | 0.48 | 0.04 | 1100% |
| South Korea | 0.46 | 0.24 | 92% |
| Japan | 0.42 | 0.66 | -36% |
| France | 0.41 | 0.72 | -43% |
| Taiwan | 0.3 | 0 | 100% |
| Spain | 0.23 | 0.22 | 5% |
| Others | 0.76 | 2.16 | -65% |
| Grand Total | 5.1 | 6.8 | -25% |
Quantity in MnT
Source: Canada Customs
Provisional Data
