Copper Foil Customs Details for January-February 2025, Imports and Exports Both Decline YoY [SMM Analysis]

SMM March 24 News: According to data from the General Administration of Customs, China's copper foil imports in January 2025 were approximately 6,917.61 mt, down 1.66% YoY and 16.60% MoM; in February, imports were around 6,901.16 mt, down 3.26% YoY and 0.24% MoM; cumulative imports for January-February 2025 were about 13,818.77 mt, down 2.46% YoY. China's copper foil import value in January 2025 was $122.5725 million, up 4.56% YoY but down 16.58% MoM; in February, the import value was $125.2719 million, up 6.90% YoY and 2.20% MoM; the cumulative import value for January-February 2025 was $247.8444 million, up 5.73% YoY. China's copper foil exports in January 2025 were approximately 3,806.89 mt, down 8.58% YoY but up 8.43% MoM; in February, exports were around 3,421.31 mt, up 6.00% YoY but down 10.13% MoM; cumulative exports for January-February 2025 were about 7,228.2 mt, down 2.21% YoY. China's copper foil export value in January 2025 was $47.7158 million, up 4.22% YoY and 5.83% MoM; in February, the export value was $42.1694 million, up 12.87% YoY but down 11.62% MoM; the cumulative export value for January-February 2025 was $89.8851 million, up 8.11% YoY. In January 2025, China's trade deficit in copper foil was about $74.86 million, and in February, it was about $83.1 million, an increase of $8.24 million MoM. By country, the main sources of China's copper foil (excluding copper alloy foil) imports in January-February 2025 were Taiwan, China, Malaysia, and South Korea, with import volumes of 7,687.42 mt, 1,391.33 mt, and 893.67 mt, respectively. The main destinations for China's copper foil (excluding copper alloy foil) exports in January-February 2025 were Thailand, South Korea, and Indonesia, with export volumes of 1,486.97 mt, 686.8 mt, and 674.48 mt, respectively. In January-February 2025, China's copper foil imports were at a low level in recent years. With the upgrade of domestic copper foil technology, expansion of capacity, and localisation of high-end copper foil, China's dependence on imported copper foil gradually decreased. Copper foil exports also saw a slight decline YoY. With the implementation of the policy to cancel export tax rebates, the cost of exporting copper foil increased, leading to competitive pressure in overseas markets as well as a shift in the trade mode.