About past, present and future of Ukraine

Search mobile

Main Business Key buyers of Russian coal have sharply reduced their purchases

Business

Key buyers of Russian coal have sharply reduced their purchases

368
Key buyers of Russian coal have sharply reduced their purchases

Share this article

China, India, and Turkey, which became the largest buyers of Russian coal after the European Union's embargo, sharply reduced their purchases from Russia at the beginning of 2024. This is reported by The Moscow Times.

From January to September 2024, exports to China fell by 9.5% year-on-year to 53.7 million tons, to India by 23% to 20.1 million tons, and to Turkey by 35% to 15.3 million tons.

Additionally, exports to South Korea significantly decreased (by 1.6 times year-on-year to 5 million tons) and to Japan (by 9.3 times to 385,600 tons). Shipments of Russian coal to the UAE in the first nine months dropped by 20% compared to the same period in 2023, totaling 3.1 million tons.

Conversely, exports to Vietnam surged (by 4.7 times to 1.1 million tons) and to Hong Kong (up by 10% to 10.4 million tons). Among neighboring countries, Belarus significantly increased its coal imports from Russia, up 17 times to 5.7 million tons. Shipments to Kazakhstan rose by 33% to 452,900 tons, while those to Abkhazia grew 3.4 times to 78,000 tons.

Overall, coal exports from Russia from January to September fell by 14% year-on-year to 132.5 million tons.

Energy coal exports amounted to 108.3 million tons, which is 17% less than in the same period last year. In contrast, shipments of coking (metallurgical) coal increased by 3% to 24.3 million tons. In September, total Russian coal exports decreased by 21.5% year-on-year to 12.5 million tons.

 

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...