[import and export] in November 2021, China's rare earth export volume increased and price decreased, and the export volume and price of rare earth and products increased simultaneously

On December 18, 2021, China Customs released the volume table of major export commodities in November. The data showed that the export volume of rare earth products increased month on month, but the price decreased; The export volume and price of rare earth and its products have increased, but the increase of export amount is far less than that of export quantity, as follows:

In November 2021, 4859.0 tons of rare earths were exported, valued at USD 60.853 million, equivalent to RMB 39.02 million, with an average exchange rate of 6.41. Compared with last month, the export volume increased by 529.0 tons, or 12.22%. The export value decreased by USD 3.75 million, or 5.80%, or RMB 27.89 million, or 6.67%. Compared with the same period last year, the export volume increased by 2248.0 tons, or 86.10%. The export value increased by US $31.906 million, or 110.22%, equivalent to RMB 195.85 million, or 100.87%.

From January to November 2021, 44825.0 tons of rare earths were exported, with an amount of 5743344700 US dollars, equivalent to 3834.41 million yuan. From January to December 2020, 35448.0 tons of rare earth were exported in total, with an amount of USD 343.922 million, equivalent to RMB 2382.59 million.

In November 2021, 10057.0 tons of rare earth and its products were exported, with a value of USD 35.1737 million, equivalent to RMB 225.577 million, with an average exchange rate of 6.41. Compared with last month, the export volume increased by 1040.0 tons, or 11.53%. The export value increased by USD 11.798 million, or 3.47%, equivalent to RMB 1837.86 million, or 439.77%. Compared with the same period last year, the export volume increased by 3361.0 tons, or 50.19%. The export value increased by USD 150.712 million, or 74.97%, equivalent to RMB 90.596 million, or 67.12%.

From January to November 2021, 98575.0 tons of rare earth and its products were exported, with an amount of 3400583000 US dollars, equivalent to 20212360000 yuan. From January to December 2020, 78163.0 tons of rare earth and its products were exported, with an amount of USD 2167.053 million, equivalent to RMB 1499785 million.