In June`18, the iron ore imports by the country reduced by 71% to 0.33 MnT as against 1.12 MnT a month ago. However, on yearly basis imports have reduced by 30% as against 0.47 MnT in June`17. As per reports, Anglo American suspended a contract to supply iron ore to Bahrain Steel as miner was facing troubles in its Brazilian project after spills from a pipeline that carries the commodity to port.
However, Bahrain has recorded increase in quarterly iron ore imports to 2.57 MnT in Q2 CY`18. The import increased to almost twice on quarterly basis as against 1.32 MnT in Q1 CY`18. On yearly basis also, the imports increased to twice as against 1.28 MnT in Q1 CY`17.
Country-wise Iron Ore Imports:
Brazil stood the largest exporter of iron ore to Bahrain in Q1 CY`18 at 2.27 MnT, up more than twice on quarterly basis, contributing 88% share of total Bahrain iron ore imports. The remaining 12% imports were contributed by Canada at 0.3 MnT.
Brazil stood the only importer of Bahrain iron ore for the month of June`18 at 0.33 MnT.
Bahrain`s Country wise iron ore imports
Country | Q2 CY`18 | Q1 CY`18 | Q-o-Q (%) | June`18 | May`18 | M-o-M (%) |
Brazil | 2.27 | 0.86 | 164% | 0.33 | 0.97 | -66% |
Chile | 0 | 0.34 | -100% | - | - | - |
Canada | 0.3 | 0 | 100% | - | 0.15 | -100% |
Turkey | 0 | 0.11 | -100% | - | - | - |
Grand Total | 2.57 | 1.32 | 95% | 0.33 | 1.12 | -71% |
Bahrain exports down 6% M-o-M in June`18
Bahrain exports in June`18 recorded at 0.62 MnT, down 6% M-o-M as against 0.66 MnT in May`18. Oman stood the largest importer at 0.39 MnT (up 50% M-o-M). Bahrain exports to India stood nil in June`18 as against 0.09 MnT in the month of May`18.
The country exports recorded at 1.8 MnT in Q2 CY`18, up 64% Q-o-Q as against Q1 CY`18 exports at 1.1 MnT. However on yearly basis, exports recorded a decline of 9% as against Q2 CY`17 exports at 1.97 MnT.
Country wise exports Q2 CY`18 v/s Q1 CY`18
Country | Q2 CY`18 | Q1 CY`18 | Q-o-Q (%) | June`18 | May`18 | M-o-M (%) |
Oman | 1.04 | 0.38 | 174% | 0.39 | 0.26 | 50% |
United Arab Emirates | 0.45 | 0.15 | 200% | 0.22 | 0.15 | 47% |
Saudi Arabia | 0.21 | 0.33 | -36% | - | 0.16 | -100% |
India | 0.09 | 0.15 | -40% | - | 0.09 | -100% |
Egypt | 0 | 0.08 | -100% | - | - | - |
Grand Total | 1.8 | 1.1 | 64% | 0.62 | 0.66 | -6% |