China Iron Ore Imports

Chinese year-on-year iron ore imports flat for Jan-Feb 2022 despite declining spend

China imported 181 million tonnes of iron ore for the January/February 2022 period, roughly equaling volume from the same period the previous year according to data released by the country’s General Administration of Customs.

Total year-on-year spend for the two months was down 28% to just over $18.95 billion US dollars on softening prices.

Copper ore and concentrates

Chinese imports of copper ore and concentrates increased by 10.2% year-on-year, hitting 4.175 million tonnes.

Spend for the two months was up by 30.6%, thanks to strengthening prices for the red metal.

Coal and lignite

January-February coal and lignite imports declined by nearly 14% from the previous year to 35.4 million tonnes, despite spend skyrocketing by 124%.

Rare Earths

Rare Earth imports were reported for the first time during the January-February 2022 period, with the country purchasing 16,828 tonnes at a total price of USD $172.4 million.

Australian exports to China

Total Australian exports to China amounted to 21.53 billion US dollars for January-February, representing a trade surplus of just under 9.59 billion dollars.

The figure represented a modest increase from 20.5 billion dollars during the same period in 2021.

Written By Jonathan Norris
Jonathan is a founder of 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.