In March, China's export volume of rare earth permanent magnets increased steadily and significantly

The analysis of customs statistics shows that China's export of rare earth permanent magnets has maintained a strong growth momentum since 2022. The export volume in March 2022 maintained a large growth rate, and the export volume to the United States also maintained a stable and large growth rate.

Specifically, since 2022, China's monthly export volume of rare earth permanent magnets has maintained a sustained growth year-on-year, but the overall growth rate is less than 33% of that in 2021. Among them, the export volume increased by nearly 20% in January and February 2022, while the increase jumped in March 2022. The overseas market demand is active. Therefore, although the data growth rate of a few months is abnormal due to the epidemic and trade friction, the annual growth rate data after restorative and restorative (demand) changes have not been affected.

In March 2022, China exported 4274 tons of rare earth permanent magnets, with a year-on-year increase of 33%, which continued to grow and increased significantly; The number of exports to the United States was about 512 tons, a year-on-year increase of 24.4%, although less than the overall increase. However, this range is more stable and stronger than the relatively stable continuous growth of about 15% in the previous two years.

In contrast, in 2020, due to the impact of the epidemic, the overall export volume increased by only 1.7% in March 2020, while the export volume to the United States increased by 13.8% in the same period.