China: Copper imports, exports up m-o-m in Nov'22
China’s copper imports and exports in November 2022 increased m-o-m, as revealed data available to SteelMint. Imports market overview Imports of copper were rec...
China's copper imports and exports in November 2022 increased m-o-m, as revealed data available to SteelMint.
Imports market overview
Imports of copper were recorded at 3.11 million tonnes (mnt) in November 2022 against 2.39 mnt in October, up by 30% m-o-m. Out of this, ore/concentrates increased by 29% to 2.41 mnt and semi-finished products by 38% to 0.51 mnt. Finished products imports were up by 15% to 34,392 t and scrap was up by 45% to 0.16 mnt.
The country's overall copper imports were up by 9% y-o-y compared to 27.82 mnt seen in January-November 2021. A total of 30.19 mnt was imported by the country in January-November 2022.
Country-wise imports
- Exports from Chile increase m-o-m: Export volumes from Chile stood at 0.81 mnt in November, with an increase of 27% m-o-m from 0.64 mnt in October. Similarly, on a y-o-y basis, export volumes also increased by 14% from 0.93 mnt in November 2021.
- Exports from Peru up m-o-m: Peru's export volumes rose to 0.61 mnt in November as against 0.51 mnt in the previous month, up by 20% m-o-m. Shipments decreased by 30% from 0.47 mnt in the same period last year.
China's copper exports stood at 62,573 t in November 2022, an increase of 6% as compared to October's around 58,965 t. Finished products were up by 7% to 52,817 t, semi-finished products were up by 2% to 9,756 t while scrap exports were negligible. The country's copper exports were slightly up y-o-y to 0.86 mnt from January-November 2022 as compared to the same period last year which was around 0.85 mnt.
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- Imports to Vietnam up m-o-m: China's export volume stood at 7,706 t in November 2022, an increase of 13% m-o-m from 6,784 in October. The y-o-y export volume was up by 26% to 7,706 t in November 2022 compared to the previous year.
- Imports to Taiwan increase m-o-m: The export volume from China into Taiwan stood at 6,541 t in November 2022, an increase of 8% m-o-m as against 6,073 t in October. On a y-o-y basis, export volumes were down by 39% to 10,794 t in November 2021.
- Imports to Vietnam up m-o-m: China's export volume stood at 7,706 t in November 2022, an increase of 13% m-o-m from 6,784 in October. The y-o-y export volume was up by 26% to 7,706 t in November 2022 compared to the previous year.
