CHART: The value of Australian iron ore exports over the past two decades

The value of Australian iron ore exports fell to $3.003 billion in January, the smallest monthly total seen since March 2010.

Although a continuation of the broader trend seen since mid-2013, it’s worthwhile remembering that weather-related disruptions at Port Hedland, Australia’s largest iron ore loading port, along with spot prices that sat near the lowest level on record, almost certainly contributed to the weakness seen in February.

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