China's PSF exports to hit historical high in 2023

According to the China Customs, uncarded PSF exports of China were 105.2kt in Oct, 2023, an increase of 36.6% year on year and 5.5% month on month.

In Jan-Oct, 2023, exports totaled 1.01 million tons, which has been higher than the whole year export volumes of last year, with a yearly growth of 22.6%. It's no doubt that PSF exports will hit historical new high.

In terms of the top 10 export destinations in Jan-Oct, 2023, Vietnam remained the largest export markets, with a volume of 181,137 tons, up about 47% from the same period of 2022. Pakistan ranked the second place, up 24.3% year on year. U.S. and India saw a year-on-year decline, down by 5.1% and 6.7% respectively. Exports to India were abnormal this year affected by the BIS certification.

For the export market proportion, Vietnam took the largest share of 17.9%, up 3.0% year on year. Pakistan and Indonesia took the second and third largest shares, at 10.2% and 6.4% respectively. Again, the shares of United States reduced to 4.3%, down 1.3% year on year.