According to the latest data from the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), Brazil's iron ore exports in the first 11 months of this year were around 358,400 tons, rising by 5.8% year on year.

Among them, iron ore exports in November were 33.7 million tons, down by 4.5% month on month and up by 7.2% year on year.

The value of these goods in the January-November period was close to US$27.6 billion, hiking by 2% year on year.

The main destination for Brazil's iron ore exports during the period was China, accounting for 67% of total exports. Malaysia and Oman followed, accounting for 5.3% and 3.2% of total exports.