Major export countries and proportion of rare earth magnetic materials in China in the first quarter of 2022

In the first quarter of 2022, China exported 14654.9 tons of rare earth magnetic materials, which was basically the same as that in the previous quarter. The total export amount reached 6.28 billion yuan, an increase of 12.5% month on month. Which countries and regions are the main export countries? The following is a detailed picture and text introduction.

At present, China has become one of the most important suppliers of rare earth magnetic materials in the world. China has entered into supply relations with half of the 233 countries and regions in the world. Among them, the EU is the most important exporter of rare earth magnetic materials in China. In the first quarter, 5113.2 tons of rare earth magnetic materials were exported to the EU, accounting for 34.9% of the total, of which the largest proportion was exported to Germany. Japan, the United States, South Korea and Vietnam are also important exporters of rare earth magnetic materials in China. The gap between them is small, and the export proportion is basically about 10%.