Brazil's October iron ore exports to China totaled 18.82 million mt, up 24% from September, Secretary of Foreign Trade data showed Wednesday.
The growth placed China's share of Brazil's total iron ore exports at 58%, up from 52% in September, according to agency, known as Secex.
Brazil's ore sales to China resulted in revenue of $1.8 billion FOB in October, up 28% from September, on an average month of $94.50/mt FOB, up from $91.48/mt FOB, the data showed.
Brazil's total iron ore exports reached 32.5 million mt in October, the highest level this year and up 15% from September.
Netherlands was a distant second major market in October with 1.8 million mt, 5% of Brazil's ore exports. The volume shipped was up 99% from September.
Overall sales to Netherlands generated revenue of $201.8 million FOB in October, up 120% from September, at $109.82/mt FOB from $99.50/mt FOB.
