China's Coal Imports Hit Record High in 2023

tendata blogTrade Trends News

ten data blog15-01-2024

china coal import,china coal imports,china coal import record

China's coal imports soared 61.8 percent to a record high in 2023 as demand for the commodity rebounded after the COVID-19 pandemic and users turned to importing domestic coal due to higher prices and lower quality, customs data showed Friday.

According to China's General Administration of Customs, imports for the year totaled a record high of 474.42 million tons. This was also higher than analysts' expectations of 460 million to 470 million tons for the year.

Coal imports also hit a record high last month at 47.3 million tons, up 8.7 percent from November, as a record cold snap in many parts of the country drove demand for coal.

Buyers also began stocking up ahead of the Lunar New Year holiday, which begins on Feb. 10 this year.

China's cabinet last month reinstated a 3%-6% tariff on coal imports from countries without bilateral free trade agreements, effective from January 2024, which mainly applies to major suppliers Mongolia and Russia.

However, traders said the tariffs would not eliminate the price advantage of imported coal, leading to a possible increase in imports again in 2024.

Mongolian coal imports, in particular, are likely to continue to increase as the two countries have worked over the last year to improve rail connections and simplify customs clearance.

Nonetheless, some analysts believe imports could decline this year from record highs in 2023 if growth in renewable generation continues to account for much of the growth in electricity demand.

How Shanghai Tendata Empowers Growth with Foreign Trade Big Data?

Tendata iTrader is a versatile foreign trade application tool and a great asset for professionals in the international trade industry.

(1) Real-time Access to Comprehensive Global Data: Tendata iTrader offers real-time access to customs data from 91 countries, customs code inquiries, and an extensive collection of foreign trade supply chain data, import-export statistics, and international company data. Companies can freely select the foreign trade databases corresponding to their trade regions and use nine different search methods to tailor their data queries based on single or multiple criteria. The search results can generate 19 types of market reports, and users can perform online comparative analyses as well. (>>> Click to use The Data Online for Free)

(2) Detailed Transaction Records from 91 Countries: Tendata's data system automatically integrates millions of accurate buyer information, detailed transaction data from 91 countries, and competitor details. It intelligently generates various data analysis reports, empowering companies to analyze competitors, maintain relationships with new and existing customers, and stay up-to-date with real-time international trade information. How is Shanghai Tendata performing?(>>> Click for Free Demo)

(3) Internet Search of Email Addresses in 153 Countries: With Tendata's proprietary web crawling technology, companies can access and validate email addresses in 153 countries, making mass email campaigns worry-free. Potential customers are automatically categorized by level, allowing users to find decision-makers within a minute. Choose from various email templates with unlimited sending capabilities. Tendata's data effectiveness is quite impressive. (>>> Click for More Details)

tendata,tendata itrader,tendata shanghai

Leave Message for Demo Request or Questions

We always appreciate your visit at We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.
  • Full company name please

  • 输入您的手机号

  • 输入您的邮箱

  • Fill in the code please

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Free Demo
'Target Customer
'Acquisition & Intelligent
'Global Trade Marketing Intelligent
'Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

  • *

    Enter your name please

  • *

    Full company name please

  • *


  • *


  • *


  • Read and agree to Service Agreement and Privacy Policy