China coal imports up +26% YoY to an all-time high of 55Mt!

Reflecting rising loadings in the Pacific since mid-October, China’s coal imports surged +26% YoY to a record in November.

Chart showing China coal imports in million tonnes (Mt) with a YoY increase of 26% and MoM growth of 19% in November 2024. The graph, designed in IFCHOR GALBRAITHS' brand colour palette, features three lines representing the years 2022, 2023, and 2024. It highlights a record high of 55 Mt, plotted against a shaded area showing the 5-year minimum and maximum range.

Prioritizing lower energy costs to support export-driven manufacturing amid a sluggish construction sector, Chinese authorities show no signs of introducing tariffs to curb imports. Indeed, December coal loadings remain strong.

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