Iron ore exports to China from Australia’s Port Hedland a sign of resilient resource demand

Australia’s Port Hedland handles about 20% of the global seaborne market for iron ore, it is used by used by BHP, Fortescue, and Atlas Iron.

Port Hedland Port Authority figures show:

• Ore shipments to China were 22.3 million tonnes in August
• Up 9% from July
• Up 33% than in August last year
• Iron ore is Australia’s single biggest export earner
• Overall iron ore exports from the port were 27.4 million tonnes, up 3% m/m and up 20% y/y
• Exports from the port to Japan were 2.2 million tonnes, down from 2.8 million in July
• Shipments to South Korea increased to 2.1 million tonnes, from 1.9 million