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Insight | Time: Mar 21 2023 3:26PM  Editor:Dilys Wang
China PSF exports increase significantly in Jan-Feb, 2023
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According to China Customs, uncarded PSF exports of China were 104.8kt in Jan, 2023, an increase of 36.8% year on year, and in Feb, the exports reached 89.1kt, up 53.3% year on year. The monthly exports have increased apparently compared with the same period of last year, and the highest since 2019.


In Jan-Feb, 2023, uncarded PSF exports of China totaled 193.9kt, up 43.9% year on year, and up 35.78% from the same period of 2019. In 2020, the exports were impacted by the epidemic and reached a low of 108.7kt in the first two months of 2020, and in 2023, the exports recovered by 78.4%.

Top 10 export destinations of PSF in Jan-Feb, 2023
Unit: ton Jan, 2023 Feb, 2023 Total
Viet Nam 10580 14785 25364.6
Pakistan 13157 10910 24066.87
Türkiye 9157 4707 13863.92
Bangladesh 5850 6774 12623.63
Indonesia 8744 3038 11782.32
Brazil 6230 5551 11781.42
India 4773 5561 10333.38
United States 6798 2986 9783.797
Russian Federation 2690 4217 6906.767
Israel 4519 2254 6773.38

Vietnam remained the largest export destinations in Jan-Feb, 2023, with a volume of 25.36kt, taking a proportion of 13.08%. Pakistan was the second largest place, with a volume of 24.07kt, accounting for 12.41%.


Since 2021, China鈥檚 PSF exports have continued to increase. On one hand, the supply in China rises, making plants explore overseas markets. On the other hand, China鈥檚 PSF has price edge. In 2023, the supply pressure remains large in China, and PSF plants will continue to seek for exports. Exports are expected to recover further.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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