According to latest trade statistics, the yearly iron ore exports by Canada increased during 2014. The exports during the year totaled 40.3 million tons, up nearly 6% when compared with the previous year. Canada’s iron ore exports during 2013 had totaled 38.02 million tons.

The export price of iron ore during the year averaged at $99.4 per ton. The average export prices have dropped by 6% when compared to the previous year.

The largest importer of Canadian iron ore in 2014 was China. The Chinese imports totaled 10.07 million tons, accounting for nearly one-fourth of the total exports by Canada. However, exports to China saw significant decline during the year. The exports dropped by 33% when compared with 15.04 million tonnes of iron exported from Canada to China during 2013.

The iron ore exports by Canada during December 2014 alone totaled 3.54 million tons, higher by almost 24% when compared with the exports during the month before. The country had exported 2.85 million tons of iron ore during November last year.

Source: Scrap Monster