Total iron ore exports from Port Hedland reported a 4.85% month-on-month surge in June 2021, thanks to strong demand from China, with exports to the major steel making nation increasing by nearly 4.55% to 42.02 million tonnes.
China remained the top consumer, importing nearly 83.5% of Australia’s total iron ore exports of 50.38 million tonnes for June, according to the latest data on Cargo Stats by Destinations from Port of Port Hedland.
China imported 42.02 million tonnes of iron ore in June 2021 via Port Hedland, a 4.55% increase compared to May 2021 data of 40.19 million tonnes and a 9% decline year-over-year compared to the 46.19 million tonnes in June 2020.
Republic of Korea
With an import of 3.97 million tonnes of iron ore in June 2021 via Port Hedland, the Republic of Korea’s imports surged by nearly 16% compared to 3.48 million tonnes in May 2021. Imports remained nearly steady year-over-year when compared to June 2020 data of 3.94 million tonnes.
The Japanese import of Iron Ore for June 2021 from Port of Port Hedland declined by more than 2% to 2.42 million tonnes compared to May 2021 data of 2.48 million tonnes. However, exports for June 2021 stood at a massive 148.37% gain year-over-year, when compared to June 2020 figures of 0.98 million tonnes.
Iron ore exports to Indonesia for June 2021 reported a massive 150% surge to 0.903 million tonnes compared to May 2021 data of 0.361 million tonnes. The country, which accounted for 1.79% of total June iron ore export, had a 100.82% increase year-over-year compared to June 2020.
Taiwan, Province of China, imported 0.895 million tonnes of iron ore via Port Hedland, accounting for 1.78% of total volume. Volume surged 497% year-over-year compared to June 2020, and 100% compared to May 2021.
Viet Nam’s share of Port Hedland iron ore exports stood at 0.172 million tonnes, a significant drop of 77.2% compared to May 2021.