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China's exports of aluminum products to the EU

Views: 1     Author: Site Editor     Publish Time: 2022-06-06      Origin: Site

China's exports of aluminum products to the EU mainly show the following characteristics:

First, the export products are mainly aluminum materials and products. China almost does not export electrolytic aluminum to the EU, only a small amount of refined aluminum, high-purity aluminum and aluminum alloys, and all other products are aluminum materials and aluminum products. In 2021, 1,000 tons of refined aluminum and high-purity aluminum, 3,600 tons of aluminum alloys, 380,000 tons of aluminum products, and 560,000 tons of aluminum products will be exported.best high strength aluminium - YuanfarAluminum

Second, the EU is China's largest export market for aluminum products and products. In 2021, China will export a total of 940,000 tons of aluminum products and products to the EU, accounting for 11.3% of the total global exports of 8.29 million tons. Among them, aluminum exports to Europe accounted for 6.9%; exports of aluminum products accounted for 19.8%.

Third, the export of aluminum products to the EU maintained rapid growth, and the export of aluminum products declined. Since the beginning of the new century, the average annual growth rate of China's exports of aluminum products to the EU has been 19.1%, and the growth rate in 2021 will be as high as 31.5%. Affected by the EU's trade friction cases with China's aluminum strips, foils, profiles, etc., the number of aluminum exports from China to the EU has been declining year by year since 2019. The declines in 2020 and 2021 are 21.7% and 17.6%, respectively.

About the scope of EU carbon tariffs

Five categories of products including aluminum, cement, steel, electricity and fertilizers are planned to be included in the EU carbon tariff taxable product category. According to the current plan, aluminum products include unwrought aluminum and aluminum products, excluding aluminum products. In 2021, China will export a total of 382,000 tons of unwrought aluminum and aluminum products to the EU, involving an amount of US$1.53 billion. From the perspective of EU import sources, aluminum profiles and aluminum rolled products are mostly imported from China, with high weights, accounting for more than a quarter. In 2021, China will export 70,000 tons of aluminum profiles, 170,000 tons of aluminum sheets and strips, and 120,000 tons of aluminum foil to the EU.

There are still variables in the scope of the above products. If the final taxation scope involves aluminum products or final consumer goods, the impact will be further expanded.

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