India's iron ore, pellet exports plunge nearly 40% MoM in April

India's iron ore and pellet exports fell by 37% m-o-m in April to 1.96 million tonnes (mnt), a four-month low. For reference, March registered 3.13 mnt, a nine-month high. Exports of iron ore fines and lumps totalled 1.47 mnt in April, reflecting a 37% drop from 2.34 mnt in March. Pellet shipments stood at 0.49 mnt, down by 38% m-o-m from 0.79 mnt.

China received 73% of India's exports in April, with shipments plunging by 52% m-o-m to 1.44 mnt from 2.98 mnt. Generally, China accounts for over 90% of India's total exports. However, exports to Malaysia and Indonesia increased significantly in April to 0.22 mnt and 0.19 mnt, respectively, from 0.09 mnt