Russian iron ore exports posted a year-on-year increase of 50.9% in July, according to data from the Customs Committee of Russia.

Russia exported 1.82 million tonnes of iron ore in July, which were valued at $188 million, soaring 103.7% on the year; and the average price was calculated at $103.3/t, up 35% from a year ago.

By type, its non-agglomerated iron ore exports totaled 720,400 tonnes, surging 91.1% year on year; those exports were valued at $53.9 million, a year-on-year increase of 242.9%; and the average price was calculated at $74.8/t, a year-on-year growth of 79.4%.

Agglomerated iron ore exports were 1.11 million tonnes, up 32.8% year on year; those were valued at $135 million, a year-on-year increase of 75.3%; the average price was calculated at $121.7/t, up 32.1% year on year.

By country, Russia exported the most iron ore to China in July, reaching 595,200 tonnes; those exports were valued at $43.44 million; and the average price was $73/t.

Meanwhile, Russia exported 312,800 tonnes of iron ore to Ukraine, with an export value of $37.17 million; and the average price was calculated at $118.8/t.

In the same month, Russia exported 159,900 tonnes of iron ore to Vietnam which were valued at   $18.36 million; and the average price was $114.8/t.

In January-July, Russia exported a total of 12.61 million tonnes of iron ore, up 25.9% on the year; those exports were valued at $1.21 billion, up 48.9% from a year ago; and the average price was $95.5/t, up 18.2% on the year.

(Writing by Wenxin Wu  Editing by Alex Guo)
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