Export growth from Australia's largest iron ore port slows to a crawl in April

Growth in iron ore exports from Australia’s Port Hedland are slowing.

According to data released by the Pilbara Ports Authority yesterday, iron ore exports fell by 3.4% to 35.382 million tonnes in April.

While largely explained by the day run – there are 30 days in April compared to 31 in March – from a year earlier, total export volumes increased by 1.6%. This was not only the slowest rate of growth recorded since September 2012 but also well below the 20% plus growth recorded over the entirety of 2014.

Iron ore exports to China, Australia’s largest export destination, fell to 30.117 million tonnes in April, leaving volumes up 4.2% from a year earlier

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.