Import and Export Situation of LFP Materials in March [SMM Analysis]

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SMM, April 21: According to the latest data from the General Administration of Customs, China's LFP exports in March 2025 reached 1,367.8 mt, hitting a new historical high, up 129% MoM from February and up 861% YoY. In terms of price, the average export price of LFP in March 2025 was $5,891.4/mt, an increase of $406.56/mt compared to February.

In the import data from the General Administration of Customs for March 2025, Guangxi Zhuang Autonomous Region remained the top province for LFP exports with 906 mt, all of which were exported to Vietnam. Jiangsu province ranked second with 177.4 mt, and Anhui province ranked third with 163 mt.

In terms of LFP export destinations in March 2025, Vietnam remained the top country with 906 mt, accounting for 66.2% of total exports. Taiwan, China ranked second with 195.2 mt, and South Korea ranked third with 96.3 mt. Other export destinations included Poland, France, and Japan.

Additionally, according to China's customs import data, China's LFP imports in March 2025 were 20.54 mt, mainly imported from Taiwan, China, with an average import price of $18,916.6/mt.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Zhicheng Zhou 021-51666711

Zihan Wang 021-51666914

Yanlin Lyu 021-20707875

Jie Wang 021-51595902

Yang Xu 021-51666760

Bolin Chen 021-51666836