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Home / Metal News / China’s removal of export tariffs to boost high-purity aluminum exports

China’s removal of export tariffs to boost high-purity aluminum exports

Dec 26, 2023 15:09

Source:SMM

On December 20th, China's State Council's Customs Tariff Commission announced the 2024 tariff plan.

On December 20th, China's State Council's Customs Tariff Commission announced the 2024 tariff plan. The export tariff for aluminium products with over 99.995% purity (HS code 76011010) dropped from 30% to 0%. Exports of these were around 9,076 mt in 2022, but fell 94% YoY in January-November 2023 period due to the 30% tariff. The adjustment of the export tariffs in 2024 could potentially improve the export market for products under this code.

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According to customs data, China's aluminium extrusion export volume (HS code 76041010, 76041090, 76042100, 76042910, 76042990) stood at 81,800 mt in August 2022, a month-on-month decrease of 11,500 mt or 12.4% and a year-on-year drop of 3.42%.

Sep 22, 2022 15:07

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SMM Analysis of the Surge in China's Exports of Copper Plate and Strip in 2022

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According to the General Administration of Customs, China imported 15,811 mt of tin ore and its concentrate in April, down 45.45% MoM and 17.14% YoY. The imports in January-April totalled 104,541 mt, up 72.13% YoY.

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China’s removal of export tariffs to boost high-purity aluminum exports

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