【Ferro-alloys.com】According to official Brazilian government data, in June, Brazilian iron ore exports reached 33.68 million tons, the highest level in nine months, an increase of 12.2% year-on-year and a month-on-month increase of 26.3%. This is because major producers such as Vale have increased their shipments in response to rising international prices. Global commodity prices have been rising, and iron ore prices are supported by strong demand from China.
It is reported that on July 1, the Brazilian Ministry of Economy announced the foreign trade balance sheet for the first half of 2021. In the first half of the year, Brazil's foreign trade surplus reached 37.5 billion US dollars, an increase of 68.2% year-on-year, setting a record since the 1997 series of statistics.
The report pointed out that the reason for the growth of Brazil's trade surplus was the recovery of the world economy, and countries began to recover from the epidemic. In addition to the continuous growth of exports to China, most countries and regions increased their purchases of Brazilian products in the first half of the year. China's imports increased by 37.8% year-on-year, and the proportion of exports to China in Brazil's total exports rose from 34.9% in the same period last year to 35.3%, consolidating Brazil's position as the largest buyer of Brazilian products. In addition, exports to the United States, the European Union and South American countries increased by 33.2%, 25.9% and 50.5% respectively.