The iron ore exported by India to China has declined as much as 13.31% due to recession economy which is badly affected by global demand showdown. Chiefly, demand from China has softened a lot. The total export volume plunged to 55.8 million tons during April 2008 to December 2008 duration as compared to 64.38 million tons recorded previous year in the same relation.

There was a marginal reduction of 3.81% to 5,000,000 tons in shipments during first 14 days of December 2008, from 5.2 million tons in same previous year accordingly. This is according to data revealed by Federation of Indian minerals industries.

Exports of iron ore of India improved gradually by late October. Analysts believe that it shall be difficult to achieve last year level due to the market situation. Total shipments from Bob Port for first 15 days of December declined 27.18% settling at 20.84 million tons.