China’s PSF exports surged by 24.7 per cent Y-o-Y and 1 per cent M-o-M to 106,000 million tonne in November 2023. Its PSF imports rose by 46.7 per cent Y-o-Y and 25 per cent M-o-M to 11,000 million tonne. 

China’s PSF exports in the first 11 months of 2023 increased by 22.8 per cent Y-o-Y to 1.115 million tonne while imports during the period surged by 10 per cent Y-o-Y to 91.5000 tonne. 

China’s PSF imports from Southeast Asia started declining from 2019. Though these recovered slightly in 2023, imports from large origins, like Thailand and Vietnam, continued to dip from their peak period. 

China’s imports from Vietnam soared to 30,567 tonne in 2021. However, in 2022, they dropped by 64.8 per cent to 10,773 tonne. From January-November 2023, China’s PSF imports from Vietnam further dropped to 17,123 tonne. 

Imports from Thailand reached 45,000 tonne in 2019 before dropping gradually. China’s PSF imports from Thailand continued to drop and reached 17,208 tonne. 

From January-September 2023, these imports further dropped to16,891 tons.

China’s PSF imports from Cambodia totaled 1,261 tonne in 2021. These declined to 664 tons in 2022, further to zero till now in 2023.

 Overall, China’s PSF imports from Southeast Asia totaled 46,658 tonne in January-November 2023. They constituted 51 per cent to the China’s global PSF imports.