China's PSF exports keep high in Jul, 2023

According to the China Customs, uncarded PSF exports of China were 97.5kt in Jul, 2023, an increase of 15.2% year on year but down 3.5% month on month.

In the first seven months of 2023, exports totaled 703.1kt, up 22.9% year on year. The monthly average exports exceeded 100kt this year, reaching multi-year high.

In terms of the top 10 export destinations in Jan-Jul, 2023, Vietnam remained the largest export markets, with a volume of 118,028 tons, up about 28.2% from the same period of 2022. Pakistan ranked the second place, up 30.5% year on year. Except the United States, exports to these major markets all saw two-digit growth year on year. U.S. saw the largest reduction, down by 17.7% year on year.

For the export market proportion, Vietnam took the largest share of 16.8%, up 0.7% year on year. Pakistan and Turkey took the second and third largest shares, and their shares increased by 0.65% and 2.85% respectively. Again, the shares of United States reduced to 4.47%, down 2.2% year on year.