BDO rebounded against the trend, and BDO exports grew by 138.4% year-on-year in March

According to customs statistics, unlisted diols in March 2023 The export volume (including BDO) was 18,396 tons, and the export value was 36.285 million US dollars, an increase of 138.4% over the same period last year.

Figure 1 Unlisted diols (including BDO) in China from 2022 to 2023 ) Monthly export statistics (unit: tons)

In general, the growth of demand in the Middle East and Europe is the main source of my country’s BDO exports driving force. In March 2023, the three regions with the largest export volume of unlisted diols (including BDO) are Vietnam, Taiwan, and Italy, and the unlisted diols (including BDO) exported to these three regions Accounting for 48.3% of the total export volume in March, the export volume to the three regions increased by 146.6%, 166.8%, and 3.7% respectively.

In the first quarter of this year, China’s overall imports and exports have increased. Calculated in RMB, In the first quarter, China’s total import and export value was 9.89 trillion yuan, a year-on-year increase of 4.8%. At present, the overseas economy has shown a downward trend, and the sluggish manufacturing industry in Europe and the Middle East has pushed local downstream manufacturers to seek other sources of imports. In addition, China’s exports to emerging markets such as ASEAN countries represented by Vietnam have increased significantly. In March, the growth rate of exports exceeded It is expected that BDO is an important chemical raw material, and its customs product category of unlisted diols has a 53.4% ​​month-on-month growth rate and a 138.4% year-on-year growth rate, demonstrating the resilience of foreign trade.

Table 1: Unlisted diols from January to February 2023 ( Including BDO) top ten export destinations, export volume and month-on-month growth rate

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Brazil

505.6

125.9%