China Iron Ore Imports July 2022

Chinese iron ore imports log modest 2.6% gain during July 2022

China imported 91.2 million tonnes of iron ore for the month of July 2022, up 2.6% on the previous month according to data released by the country’s General Administration of Customs.

Total spend for the metal was down 4% to over $11.5 billion US dollars on softening prices.

July also saw a decline in spend of just over 35.6% from the previous year, despite volume rising by 3.1%.

Copper ore and concentrates

Chinese imports of copper ore and concentrates decined by 7.8% in July to 1.9 million tonnes, with spend also declining by just over 13%.

Year-on-year volume for the base metal was relatively flat, up by just 0.6%, despite spend decreasing by 7.3%.

Coal and lignite

July coal and lignite imports increased by nearly 24% from June to 23.5 million tonnes, with spend also increasing by 24.4%.

Year-on-year figures saw a 22% drop in tonnage despite spend increasing by nearly 30% compared to July 2021.

Rare Earths

Rare earth imports declined by 10.9% month-on-month during July, with spend increasing by 22.2%.

Australian exports to China

Total Australian exports to China amounted to 14 billion US dollars in July, representing a trade surplus of just over 6.8 billion dollars.

The figure increased from 12.5 billion dollars in June, despite representing an 8% year-on-year decline from July 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.