1. Import and export volume of copper plate/strip
1.1 China mainland's Dec copper plate/strip imports increase by 1.99% MoM
China mainland's copper plate/strip import increased by 150 tonnes or 1.99% month on month to 7,673 tonnes in December 2023, and the increase was mainly from Japan and Finland, which increased by 318 tonnes and 106 tonnes respectively month on month, according to the General Administration of Customs of the People's Republic of China (GACC). In addition, the import in December 2023 increased by 120 tonnes or 1.59% year on year. As of December 2023, the cumulative imports of copper plate/strip in 2023 decreased by 22,194 tonnes or 22.24% year on year to 77,589 tonnes.
Data Source: GACC, Mysteel
1.2 China mainland's Dec copper plate/strip exports decrease by 11.88% MoM
China mainland's copper plate/strip export decreased by 1,098 tonnes or 11.88% month on month while increased by 1,724 tonnes or 26.87% year on year to 8,141 tonnes in December 2023, according to the GACC. In addition, the cumulative copper plate/strip exports increased by 3,506 tonnes or 3.53% year on year to 102,828 tonnes in 2023.
Data Source: GACC, Mysteel
1.3 China mainland's Dec copper plate/strip net imports increase by 72.73% MoM
China mainland's copper plate/strip net imports increased by 72.73% month on month while decreased by 141.20% year on year to -468 tonnes in December 2023. The cumulative net imports decreased by 5,574.84% year on year to -25,239 tonnes in 2023.
Data Source: GACC, Mysteel
2. Major import and export countries/regions
2.1 Top five countries/regions for imports
China mainland's copper plate/strip imports in December 2023 were relatively concentrated in Japan, South Korea, Germany, Taiwan China, and Finland. The imports from these top five countries/regions were 7,322 tonnes, which accounted for 95.43% of the total. Wherein, Japan, South Korea, and Germany were the top three countries, and exported 6,406 tonnes to China mainland in December 2023, accounting for 83.49% of China's copper plate/strip total imports.
Data Source: GACC, Mysteel
Major Importing Countries/Regions of China Mainland Copper Strip in Dec 2023 | |||||
Countries/Regions | Import in Dec 2023 (kt) | MoM | YoY | Import in Jan-Dec 2023 (kt) | YoY |
Japan | 3.3 | 10.78% | 5.08% | 31.1 | -21.85% |
South Korea | 2.2 | -6.36% | 29.57% | 23.7 | -2.70% |
Germany | 0.9 | -12.56% | -33.97% | 11.1 | -34.70% |
Taiwan China | 0.7 | -8.43% | 3.17% | 6.3 | -23.84% |
Finland | 0.2 | 113.98% | -21.65% | 1.8 | -7.04% |
Others | 0.4 | 26.26% | -13.33% | 3.7 | -57.70% |
Total | 7.7 | 1.84% | 1.35% | 77.7 | -22.25% |
Data Source: GACC, Mysteel |
2.2 Top ten countries/regions for exports
China mainland's exports of copper plate/strip were relatively balanced and scattered. The top ten countries/regions whose imports from China mainland in December 2023 increased by 31.96% year on year to 5,847 tonnes, accounting for 71.82% of China mainland's total copper plate/strip exports, were Vietnam, Japan, India, South Korea, Taiwan China, Turkey, the US, Thailand, Malaysia, and Italy.
Data Source: GACC, Mysteel
Major Exporting Countries/Regions of China Mainland Copper Strip in Dec 2023 | |||||
Countries/Regions | Export in Dec 2023 (kt) | MoM | YoY | Export in Jan-Dec 2023 (kt) | YoY |
Vietnam | 1.3 | -23.04% | 107.14% | 13.2 | 25.45% |
Japan | 0.9 | 10.63% | 3.72% | 9.4 | -18.98% |
India | 0.6 | -9.49% | -1.43% | 7.4 | 29.06% |
South Korea | 0.6 | 27.85% | -26.81% | 10.9 | -23.74% |
Taiwan China | 0.5 | -21.14% | 98.31% | 5.7 | -7.57% |
Turkey | 0.5 | -6.10% | 167.05% | 4.3 | 258.25% |
US | 0.4 | 7.37% | 185.62% | 3.3 | -31.33% |
Thailand | 0.4 | -23.81% | 104.08% | 5.1 | 1.03% |
Malaysia | 0.3 | -45.87% | -26.51% | 5.7 | -0.45% |
Italy | 0.3 | 56.91% | 136.67% | 3.7 | 745.29% |
Others | 2.3 | -14.94% | 7.55% | 34.1 | 0.94% |
Total | 8.1 | -12.09% | 26.56% | 102.8 | 3.51% |
Data Source: GACC, Mysteel |
Written by Edenlis Huang, huangting@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com