Brazilian iron ore exports reach highest level in almost 5 years

In September, Brazilian iron ore exports increased by 18.5% year-on-year, to 37.86 million tons, after Vale increased the production pace.

According to data released by the federal government on October 1, the volume shipped in September ranks behind only that experienced in December 2015, when Brazil exported a monthly record of 39.5 million tons.

In comparison with August, there was a 21% increase in Brazilian iron ore shipments, which is among the three main products exported by Brazil, along with soy and oil.

In foreign currency, iron ore exports in September totaled more than US$ 3 billion, an increase of almost 50% over the same month last year.

Source: Reuters

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