China iron ore imports

China iron ore import volume slides by over 14% year-on-year during March

China imported just over 87 million tonnes of iron ore for the March 2022 period, with volume declining by 14.5% from the same period the previous year according to data released by the country’s General Administration of Customs.

Total year-on-year spend was down by almost 34% to just over $10.8 billion US dollars as prices retreated from record 2021 highs.

Copper ore and concentrates

Chinese imports of copper ore and concentrates were relatively flat for March, increasing by 0.6% year-on-year, hitting 2.18 million tonnes.

Spend for the month was up by 15%, thanks to stronger prices for the metal.

Coal and lignite

March coal and lignite imports dropped by 40% from the previous year to 16.4 million tonnes, despite spend increasing by 6.7%.

Rare Earths

China purchased 13,501.4 tonnes of rare earths during March for a total of USD $153.5 million.

Australian exports to China

Total Australian exports to China amounted to 11.17 billion US dollars for March, representing a trade surplus of just under 5.3 billion dollars.

The figure represented a declined from 13.16 billion dollars during the same period in 2021.

Written By Jonathan Norris
Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.