India's iron ore exports to China fall 19% YoY in CY'24

India exported 33.3 million tonnes of iron ore to China, its top buyer of the commodity, in calendar year 2024, plunging by 19.2% compared with the 41.3 million tonnes shipped during 2023, according to new data from India's Ministry of Commerce and Industry.

Since more than 90% of India's iron ore exports were shipped to China, the marked decline in China's intakes of Indian ore also resulted in a drop in India's overall exports. The country's total iron ore exports last year fell by 18.2% on year to 35.9 million tonnes, the