Iron ore exports from Port Hedland reported an 11% month-on-month decline in February 2021, led by a drop in Chinese sales from 35.55 million tonnes in January 2021 to 30.73 million tonnes.
Despite the decline, China accounted for 81.97% of Australia’s total Iron Ore exports of 37.48 million tonnes for February 2021 as per the latest data on Cargo Stats by Destinations from Port of Port Hedland.
After China, the next highest-volume destinations for Port Hedland iron ore were South Korea at 8.11%, followed by Japan at 5.88%.
Port Hedland Export Data – February 2021. Data source: Pilbara Ports AuthorityChina data
China imported 30.73 million tonnes of Iron Ore in February 2021 from Port of Port Hedland, which is a 7.06% drop Year-over-Year compared to the 33.26 million tonnes in February 2020, and a 13.57% decline compared to January 2021 data of 35.56 million tonnes.
Republic of Korea
With an import of 30.41 million tonnes of Iron Ore in February 2021 from Port of Port Hedland, the Republic of Korea’s imports plunged by 16.80% compared to 36.55 million tonnes in February 2020 and tumbled 19.48% compared to January 2021 data of 37.76 million tonnes.
Japan
The Japanese import of Iron Ore for February 2021 from Port of Port Hedland surged by nearly 35.05% to 22.04 million tonnes compared to January 2021 data of 16.23 million tonnes. The country’s total imports for February 2021 surged by 55.47% Year Over Year, compared to 14.17 million in February 2020.
Indonesia
From Port of Port Hedland, the Iron Ore imports by Indonesia for February 2021 dropped by 14.65% to 0.517 million tonnes, compared to January 2021 data of 0.606 million tonnes. Indonesia, which accounted for 1.38% of the 37.48 million tonnes for the month, reported a massive 192.73% surge in imports year-over-year compared to February 2020 data of 0.177 million tonnes.
Taiwan
Taiwan, Province of China, imported 0.298 million tonnes of Iron Ore from Port of Port Hedland in February 2021, accounting for 0.79% of 37.48 million tonnes for the month. This translates to a 6.12% surge YoY compared to February 2020 data of 0.280 million tonnes and a 39.23% decline compared to January 2021 data of 0.490 million tonnes.
Other countries
Viet Nam’s share of Iron Ore imports from Port of Port Hedland stood at 0.697 million tonnes, which is a massive 290.7% increase compared to January 2021 data of 0.0.178 million tonnes.
