June Copper Foil Imports: High-End Rigid Demand Unabated, Export Substitution Dividends Continue [SMM Analysis]

Published: Jul 27, 2026 09:29
[SMM Analysis: High-end Copper Foil Import Demand Remains Firm in June, Export Substitution Dividend Continues] According to data from the General Administration of Customs, China's imports of copper foil (HS codes: 74101100, 74102190) in June 2026 stood at 8,509.40 mt, up 37.79% YoY and up 19.26% MoM......

According to data from the General Administration of Customs, in June 2026, China's copper foil (HS code: 74101100, 74102190) imports were 8,509.40 mt, up 37.79% YoY and up 19.26% MoM; in January-June 2026, cumulative imports were 45,130.31 mt, up 12.27% YoY.

    In June 2026, China's copper foil exports were 7,699.62 mt, up 77.27% YoY and up 9.79% MoM; in January-May 2026, cumulative exports were 39,692.8 mt, up 72.83% YoY.

    In June 2026, China's copper foil import value was $196.541 million, up 77.00% YoY and up 23.49% MoM; in January-June 2026, cumulative import value was $969.0341 million, up 39.20% YoY.

    In June 2026, China's copper foil export value was $127.7408 million, up 129.14% YoY and up 12.79% MoM; in January-June 2026, cumulative export value was $639.9703 million, up 117.50% YoY.

    In June 2026, China's copper foil trade deficit was about $68.8 million, up about $22.9 million MoM from $45.9 million in May 2026.

    By trade mode, in June 2026, China imported 6,485.39 mt through Ordinary Trade; 184.04 mt through processing trade with supplied materials; 1,061.33 mt through processing trade with imported materials; and 778.65 mt through other trade modes.

    In June 2026, China exported 1,414.38 mt through Ordinary Trade; 1,938.10 mt through processing trade with supplied materials; 3,965.01 mt through processing trade with imported materials; and 382.13 mt through other trade modes.

    By country/region, the main sources of China's copper foil imports in June 2026 were Taiwan, China (4,519.08 mt), Indonesia (1,403.64 mt), and Malaysia (761.26 mt).

    In June 2026, the main destinations of China's copper foil exports were Thailand (1,607.36 mt), Malaysia (987.78 mt), and South Korea (868.71 mt).

    In June 2026, China's imports of copper clad laminate (CCL) (HS code: 74102110) were 3,246.46 mt, down 1.33% YoY and up 4.85% MoM; in January-June 2026, cumulative imports of CCL were 20,516.02 mt, up 3.67% YoY.

    In June 2026, China's exports of CCL were 9,321.46 mt, up 13.20% YoY and up 12.59% MoM; in January-June 2026, cumulative exports of CCL were 49,085.46 mt, up 10.85% YoY.

    Overall, in June 2026, China's copper foil imports and exports continued their strong momentum. Imports grew MoM, mainly reflecting the still insufficient self-sufficiency of domestic high-end copper foil, with rigid procurement demand for high-end materials from Taiwan, China and other regions remaining large. Affected by the increase in purchase volume and unit price of high-end products on the import side, the trade deficit for the month widened to $68.8 million. On the export side, benefiting from the substitution window brought by the supply gap in traditional copper foil outside China (as enterprises from Japan and Taiwan, China shift to high-end capacity), coupled with the boost to downstream demand from the energy storage installation rush and high production schedules of power batteries, the overall operating rate of China's copper foil industry rose to 91.48%, providing sufficient supply guarantee for the surge in exports.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

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June Copper Foil Imports: High-End Rigid Demand Unabated, Export Substitution Dividends Continue [SMM Analysis] - Shanghai Metals Market (SMM)