Iron Ore Trade Market Summary

1.39B
Metric Tons Exported in 2018

$75.3B
Export Market Value in 2018

2018 Iron Ore Top Exporters by Volume*

Rank Country Volume Value 1% 8%
2%
(Metric (USD)
3%
Tons)

1 Australia 832.64M $47.03B

Market
2 Brazil 355.08M $16.71B
26% Share 60%
3 Canada 33.93M $2.61B

4 South Africa 23.88M $1.56B

5 Malaysia 23.31M $857.96M

Source: IHS Markit Global Trade Atlas l Australia l Brazil l Canada l South Africa
l Malaysia l Rest of World

2018 Iron Ore Top Importers by Volume*

10%
Rank Country Volume Value 2%
(Metric (USD) 2%
Tons) 5%
1 China 1.05B $72.55B
8% Market
2 Japan 109.01M $7.55B
Share 73%
3 South Korea 69.19M $4.86B

4 Malaysia 25.53M $837.43M

5 Germany 24.97M $1.84B

Source: IHS Markit Global Trade Atlas l China l Japan l South Korea l Malaysia
l Germany l Rest of World

Iron Ore Export Market Changes:

Vale Dam Impact*
Rank Country Q2 2017 Volume Q2 2018 Volume Q2 2019 Volume
(Metric Tons) (Metric Tons) (Metric Tons)

1 Australia 206M 221M 218M (-3)

2 Brazil 85M 87M 74M (-13)

3 Ukraine 7.5M 5.4M 6.6M (+1.2)

4 Canada 6.3M 5.5M 8.3M (+2.8)

5 South Africa 6.3M 5.8M 5.9M (+0.1)

Source: IHS Markit Global Trade Atlas

Brazil Iron Ore Exports by Destination

40
35
30
25
20
Million tons/dwt

15
10
5
0
Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19
l China l Malaysia l Japan l Netherlands l Others l Custom Post Vale Dam Incident

Iron Ore Brazilian Top 5 Exporters by

Company in 2018*
Volume Metric Tons
Vale SA 278M

CSN
Mineracao SA
20M

Porto Sudeste
Export
2.6M

Mineracao
Usiminas SA
2.6M

Mineracao
Morro
1.4M
l Company
Source: IHS Markit PIERS

Iron Ore Brazilian Exports by

Port Top 5 in 2018*
Port Total Metric Tons Exported

Ponta Da Madeira 175M 175M

Itaguai 72M

Tubarao 53M

Sepetiba 8M
72M 8M
Rio Grande 0.165M
53M
Source: IHS Markit PIERS 0.165M

* HS Code 260111 Iron Ore Concentrates (Other Than Roasted Iron Pyrites) And Non-Agglomerated Iron Ores

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