26.02.2014 - Major commodities, major changes?
The distribution of growth of combined iron ore, steam coal and coking coal imports in recent years has been heavily uneven. Between 2008 and 2013, global trade of these commodities grew on average by 7% p.a. Around 98% of this growth was accounted for by China (81%) and India (17%), while imports by most developed economies fell in this period. Reaching Great Heights: China has clearly driven the vast majority of this growth. The Graph of the Month shows that China’s combined iron ore and coal imports rose from 453mt in 2008 to 1,004mt in 2013, and China’s share of global imports increased from 28% to 44% during this period...............................................Full Article: Source
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