Exports of iron ore reached USD 3.7 billion in November, with a slight drop of 3.4% compared to October, but an increase of 36% compared to November 2010.
Over the past 12 months, exports of iron ore reached the incredible mark of USD 41.6 billion, and is currently the main product of Brazilian exports.
The movement in the price of iron ore began in 2003. Before this, the average value of exports was around $ 2.6 billion a year. As we can see from the chart below, the iron ore export revenues were multiplied by 16 in the last 10 years.
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| Source: Central Bank of Brazil |
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