April Silicon Metal Exports Surge YoY [SMM Analysis]

Customs data shows that in April 2024, China's silicon metal exports were 66,600 mt, up 4% MoM and 50% YoY. From January to April 2024, the cumulative export volume of silicon metal was 231,900 mt, up 21% YoY.

Customs data shows that in April 2024, China's silicon metal imports were 2,700 mt, up 144% MoM and 914% YoY. From January to April 2024, the cumulative import volume of silicon metal was 9,000 mt, up 799% YoY.

In April, exports were made to 49 countries and regions, with the top ten countries accounting for 53,000 mt or 79.6% of the total exports. The top five export destinations were Japan, South Korea, India, the UAE, and Malaysia, accounting for 53.99% of the total exports.

The significant YoY increase in silicon metal imports in 2024 is due to the low base in the previous year. According to customs data, import trade partners are concentrated in South Africa, France, and Spain. The main import destinations are Yunnan, with some distribution in Guangdong and Jiangsu.

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