Chinese iron ore imports up 5.4% during August 2022

China imported 96.2 million tonnes of iron ore for the month of August 2022, up 5.4% on the previous month according to data released by the country’s General Administration of Customs.

Total spend for the metal was down 6.3% to $10.8 billion US dollars on softening prices.

August also saw a decline in spend of 46.6% from the previous year, despite volume remaining relatively steady.

Copper ore and concentrates

Chinese imports of copper ore and concentrates increased by 19.5% in August to 2.3 million tonnes, with spend also increasing by 7.9%.

Year-on-year volume for the base metal was up by 20.4%, with spend also increasing by 4.7%.

Coal and lignite

August coal and lignite imports increased by over 25% from July to 29.5 million tonnes, with spend also increasing by 8.7%.

Year-on-year figures saw a 5% increase in tonnage, with spend up by 32.1% compared to August 2021.

Rare Earths

Rare earth imports declined by 23.2% month-on-month during August, with spend logging a moderate increase of 2.2%

Australian exports to China

Total Australian exports to China amounted to 12.5 billion US dollars in August, representing a trade surplus of just over 5.4 billion dollars.

The figure decreased from 14 billion dollars in July, and represented a 31% year-on-year decline from August 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.