Dry Bulk Market: China’s Iron Ore Imports on The Rise
China’s iron ore imports have been on the rise so far in 2026, providing the dry bulk market with the respective tailwinds. In its latest weekly report, shipbroker Banchero Costa said that “2025 was…
According to the shipbroker, “demand is still driven primarily by Mainland China, which accounts for 75% of imports. Iron ore imports into China increased by +4.1% y-o-y in Jan-Sep 2026 to 967.8 mln tonnes. Imports into Japan declined by -3.6% y-o-y to 69.2 mln t. To the EU, imports declined by -3.1% y-o-y to 53.1 mln t. Volumes into South Korea increased by +3.7% y-o-y to 55.3 mln t. Imports into Malaysia increased by +6.2% y-o-y to 19.2 mln tonnes. To Vietnam volumes were up by +20.2% y-o-y to 20.8 mln t. To Oman, volumes were down -22.7% y-o-y to 8.3 mln t, to Saudi Arabia down by -70.6% y-o-y to 2.5 mln t, to Bahrain -78.8% y-o-y to 2.0 mln t”.
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