An analysis of China's BDO imports and exports in January and February
2021-04-02    [Source:PUdaily]
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PUdaily,Shanghai--

For the January-February period, the volume of other diols (including BDO) exports under HS Code 29053990 increased by 112% year-on-year. In January, the export volume stood at 6,628 tons, up 36.5% year-on-year; in February, the volume reached 8,552 tons, up 270% year-on-year.

During this period, Korea, Taiwan, Vietnam and Italy were the four major destinations for China’s BDO exports. The sharp increase in export volume in February is mainly due to the huge demand from overseas countries where the COVID-19 pandemic was rampant and plants’ operating rates remained low as well as factory shutdown in some regions due to force majeure events.

Top 10 destinations for China’s BDO exports, export volumes and value for the January-February period

No.

Export destinations

Export volume (tons)

Export value ($)

1

Korea

4,689

9,832,716

2

Taiwan (China)

2,636

4,703,723

3

Vietnam

1,923

3,754,856

4

Italy

1,220

2,425,447

5

India

888

2,242,423

6

Australia

454

662,219

7

Japan

384

1,576,805

8

Netherlands

311

1,230,083

9

Germany

300

718,464

10

Turkey

278

641,556

Total exports of top 10 destinations

13,082

27,788,292

Total exports

15,180

32,686,293

10 destinations’ shares of total exports

86.2%

85%

Source: volumes and value of other diols (including BDO) exports under HS Code 29053990.

For the January-February period, the volume of other diols (including BDO) imports under HS Code 29053990 decreased by 55.8% year-on-year. In January, the import volume stood at 11,654 tons, down 46.7% year-on-year; in February, the volume was 5,945 tons, down 66.9% year-on-year. During this period, Korea, Taiwan, Japan and Germany were the four major sources of China’s BDO imports.

Top six sources of China’s BDO imports, import volumes and value for the January-February period

No.

Import sources

Import volume (tons)

Import value ($)

1

Korea

5,376

10,394,426

2

Taiwan (China)

4,751

6,694,309

3

Japan

4,078

8,746,403

4

Germany

1,028

4,153,341

5

USA

660

1,920,641

6

Brazil

587

862,837

Top six import sources

16,479

32,771,957

Total imports

17,599

35,077,167

Top six sources’ shares of total imports

93.6%

93.4%

Source: volumes and value of other diols (including BDO) imports under HS Code 29053990.

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