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Import News
06-05-2025
In 2023, worldwide coal imports amounted to US$219.5 billion, showcasing the continuing importance of coal as a traded energy commodity.
Compared to $134 billion in 2019, the value of imported coal surged by 63.8% over a five-year period. However, there was a significant year-on-year decline of 24.1% from $289.1 billion in 2022, indicating market fluctuations and shifting energy dynamics.
Top Coal Importing Nations
The five leading coal importers in 2023 were:
·Japan
·China (Mainland)
·India
·South Korea
·Taiwan
These countries collectively accounted for 69.3% of total global coal imports, confirming Asia’s dominance in coal demand.
Regional Breakdown
Asia was the largest coal-importing continent, responsible for $182.4 billion in purchases, which represented 83.1% of the global total.
·Europe followed, importing 11.6% of the world’s coal.
·Smaller import shares were attributed to:
·Latin America (2.9%, including the Caribbean but excluding Mexico)
- Africa (1.5%)
- North America (0.8%)
- Oceania (0.1%), with Australia and New Caledonia as key contributors.
Coal Types and Classification
Coal and similar solid fuels fall under the Harmonized Tariff System code 2701. About 66.4% of the coal imported globally in 2023 was bituminous coal, while coal briquettes and related fuels made up a negligible 0.06% of the total.
Countries With the Highest Coal Import Values (2023)
Here's a breakdown of the top 15 coal-importing countries by dollar value:
1.Japan – $41.8 billion (19.1%)
2.China (Mainland) – $41.4 billion (18.8%)
3.India – $37.1 billion (16.9%)
4.South Korea – $20.1 billion (9.1%)
5.Taiwan – $11.8 billion (5.4%)
6.Germany – $7.1 billion (3.2%)
7.Türkiye – $5.5 billion (2.5%)
8.Malaysia – $5.2 billion (2.4%)
9.Vietnam – $4.7 billion (2.1%)
10.Philippines – $4.1 billion (1.9%)
11.Brazil – $4.0 billion (1.8%)
12.Poland – $3.6 billion (1.6%)
13.Indonesia – $3.4 billion (1.6%)
14.Netherlands – $2.4 billion (1.1%)
15.Italy – $2.0 billion (0.9%)
Combined, these 15 nations were responsible for 88.4% of total global coal import spending in 2023.
Market Trends: Growth and Decline in Coal Imports
Among the major importers, mainland China was the only country to post a year-on-year increase in coal imports, with a 36.6% rise from 2022.
In contrast, several nations saw sharp declines:
·Italy: -51.8%
·Germany: -45.8%
·Poland: -36.7%
·Philippines: -32.5%
These drops may reflect energy diversification efforts or changes in domestic energy policy.
Leading Coal-Importing Companies in 2024
Here are the top 10 companies involved in coal imports by value:
1.Steel Authority of India Limited – $5.36 billion (6.54%)
2.JSW Steel Limited – $4.03 billion (4.91%)
3.Tata Steel Limited – $3.73 billion (4.55%)
4.Ternium S.A. – $2.21 billion (2.69%)
5.Adani Enterprises Limited – $2.19 billion (2.68%)
6.The Tata Power Company Ltd – $2.06 billion (2.52%)
7.Formosa Ha Tinh Steel Corporation (Vietnam) – $1.16 billion (1.41%)
8.Jindal Steel and Power Limited – $1.06 billion (1.29%)
9.Adani Power Ltd – $1.01 billion (1.24%)
10.Valero Peru S.A.C. – $977 million (1.19%)
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