Beijing has posted an 8.5% month-on-month decrease in Australian imports for the month of May 2021 according to the latest Monthly Bulletin from the country’s General Administration of Customs.
For May 2021, the total import value stood at US$13.60 billion, which is also a 55.4% surge Year Over Year compared to May 2020 data of US$8.75 billion. With the latest data, China’s import from Australia totalled US$62.37 billion for the five months in 2021, which is a 34% increase compared to US$46.54 billion for the first five months in 2020.
Iron ore and concentrates
Chinese import of iron ore and concentrates for May 2021 was reported at 89.79 million tonnes, valued at US$15.63 billion. This records a nearly 9% downside from the previous number of 98.57 million tonnes for April 2021 and a 3.1% Year-over-Year increase compared to May 2020’s value of 87.02 million tonnes.
Copper ore and concentrates
China’s import of Copper ore and concentrates for May 2021, valued at US$4.62 billion, inched higher by 1.25% to 1.94 million tonnes compared to the April 2021 total of 1.92 million tonnes. This is also a nearly 15% increase Year-Over-Year when compared to the May 2020 value of 1.69 million tonnes.
Coal and lignite
China imported 21.04 million tonnes of Coal and lignite in May 2021, valued at US$1.81 billion. This is a 4.6% year-over-year decrease compared to 22.05 million tonnes in May 2020, and a 3.1% downside from April 2021 data of 21.73 million tonnes.