The EU’s iron ore imports shrank again this year

From January to October 2023, the EU's iron ore imports fell again by 11.2% YoY to 60.3 million mt. Of them, about 50% of the EU's imported goods were shipped via capsize, and 33% by Panamax. In terms of individual countries, imports from the Netherlands (mainly due to Rotterdam's importance as a gateway port), German, France, Belgium, Italy, Spain and Poland accounted for 41.4%, 18.9%, 11.7%, 7.5%, 6.5%, 6.2% and 1% of EU’s total imports respectively.