China Iron Ore Imports December 2021

Chinese iron ore imports log 18% month-on-month decline for December

China imported 86 million tonnes of iron ore for the month of December 2021, decreasing by 18% on the previous month according to data released by the country’s General Administration of Customs.

Total spend for the metal was down 26.5% to just over $8.8 billion US dollars on softening prices.

December also saw a decline in spend of just over 24.8% over the previous year, with volume dropping by 11%.

Copper ore and concentrates

Chinese imports of copper ore and concentrates declined by almost 6% in December to 2.06 million tonnes, with spend decreasing by 3.4%.

Year-on-year volume for the base metal was up by 9.3%, accompanied by a sizeable 46.8% increase in spend compared to December 2020 on continuing strong prices.

Coal and lignite

December coal and lignite imports declined by 11.7% from November to 30.95 million tonnes, with spend also dropping by 9.4%.

Year-on-year tonnage slid by 20.8% despite spend increasing by 173% compared to December 2020.

Australian exports to China

Total Australian exports to China amounted to 11.37 billion US dollars in December, representing a trade surplus of just under 4.55 billion dollars.

The figure decreased from 13.07 billion dollars in November, but did achieve a 19.5% year-on-year increase from 9.51 billion dollars in December 2020.

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.