[SMM Analysis on China's LFP Import and Export in April]

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SMM News, May 22: According to the latest data from the General Administration of Customs, China's LFP exports in April 2025 were 1,151.7 mt, down 16% MoM from March and up 1,724% YoY. In terms of prices, the average export price of LFP in March 2025 was $6,206.9/mt, an increase of $315.55/mt from the average price in March, representing a MoM increase of approximately 5.4%.

In the import data released by the General Administration of Customs for April 2025, Guangxi Zhuang Autonomous Region remained the top province in terms of LFP exports, with 968.5 mt, all of which were exported to Vietnam. Hubei Province ranked second with 59.454 mt, and Anhui Province ranked third with 30 mt.

In terms of LFP export data by country in April 2025, Vietnam remained the top country, with a total of 968 mt of LFP exported to Vietnam, accounting for 84% of total exports. South Korea ranked second with 7%, and Taiwan, China ranked third, with 63 mt of LFP exported to Taiwan, China, accounting for 5.5% of total exports. Other export destinations included France, Italy, the US, Greece, etc.

Additionally, according to China's customs import data, China's LFP imports in April were 8.6 mt, down 58% MoM, mainly imported from Indonesia, with an average import price of $5,345.6/mt.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Zhou Zhicheng 021-51666711

Wang Zihan 021-51666914

Lv Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836