China~s steel industry imports and exports in 2019
In 2019, the import and export trade of China's steel industry showed the following characteristics.
First, both the volume of steel imports and exports fell. According to data from the General Administration of Customs, from January to December 2019, China's cumulative exports of steel products were 64.293 million tons, a year-on-year decrease of 7.3%; the cumulative export value was US $ 53.76 billion, a year-on-year decrease of 11.3%. Cumulative imports of steel were 12.304 million tons, a year-on-year decrease of 6.5%; the cumulative import value was US $ 14.11 billion, a year-on-year decrease of 14.1%.
Second, the import and export of steel products are relatively concentrated. From January to December 2019, China's import and export products are mainly plate, rod, wire and pipe, with exports accounting for 59.8%, 14.9% and 13.6% respectively; imports accounting for 83.9%, 9.6% and 2.6% respectively. The export regions cover five continents, of which Asia is the main export region, accounting for 70.0%, and other regions are between 4-10%; imports are mainly concentrated in Asia and Europe, accounting for 90.1% and 9.1% respectively.
Third, the amount of iron ore imports has increased significantly. From January to December, China's cumulative import of iron ore was 1.07 billion tons, an increase of 0.5% year-on-year, and the import value was 101.46 billion US dollars, an increase of 26.64 billion US dollars, an increase of 33.6%.
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