TORONTO: The latest trade data released by Statistics Canada suggests considerable jump in iron ore export volumes during the month of August this year. The country’s iron ore exports totaled 4.27 million tons during the month, significantly higher by 23.4% when matched with the same month a year before. The Canadian exports of the steel making raw material had totaled 3.46 million tons in August 2015.
The largest importer of Canadian iron ore during August this year was China. The exports to China totaled 1.717 million tons, accounting for nearly four-tenth of the total exports by Canada during the month. The other primary export destinations were Japan (501,000 tons), the UAE (368,000 tons) and Belgium (326,000 tons).
The cumulative exports during the initial eight months of the year totaled 27.22 million tons. The exports during this period were up by 13.5% when compared with the corresponding period last year. The country’s exports during Jan-Aug ’15 had totaled 23.98 million tons.
