China Rare Earth and Magnet Exports 2023
28 01 24 13:29
Rare earth compounds (oxides, fluorides, chlorides, carbonates, etc.)
As rare earth compounds China exported 39,711 t in 2023, 340 t more than 2022 (+0.86%).
The value of China’s rare earth compound exports was US$519.9 mio in 2023 after US$670 mio in 2022, a decline of 22.4%.
60% of China’s rare earth compounds export volume were uneconomical lanthanum and cerium compounds. That is less than the usual 70%, because the 2023 export volume of cerium hydroxide fell off a cliff, minus 94%.
Only export of dysprosium oxide increased markedly by 41% to 192.6 t.
Rare earth compounds exports by destination:
Rare earth permanent magnet exports
Exports of rare earth permanent magnets, SmCo and NdFeb, were flat year on year.
China exported 52,660 t of rare earth permanent magnets in 2023, after 53,288 t in 2022. Export revenue for these magnets was US$3.2 billion after US$4.1 billion in 2022.
Rare earth permanent magnet exports to 5 of the top 20 destinations increased, 14 destinations saw a decrease in numbers.
Here the top 20 export destinations for China rare earth permanent magnets in metric tons for 2023 and the year on year change in percent:
- Germany 8,814 t +2.07% 🟢
- United States 7,339 t +15% 🟢
- Korea 5,965 t -5% 🔻
- Vietnam 3,415 t -14% 🔻
- France 3,091 t +141% 🟢
- Poland 2,464 t -4% 🔻
- Italy 2,325 t -21% 🔻
- India 1,911 t +30% 🟢
- Japan 1,844 t - unchanged -
- Thailand 1,579 t -30% 🔻
- Mexico 1,354 t -4% 🔻
- Taiwan 1,036 t -27% 🔻
- Russia 927 t -10% 🔻
- Denmark 856 t -39% 🔻
- Netherlands 851 t -30% 🔻
- Philippines 777 t -9% 🔻
- Turkey 698 t +50% 🟢
- Switzerland 589 t -27% 🔻
- United Kingdom 544 t -18% 🔻
- Malaysia 526 t -4% 🔻
