Coal has been a cornerstone of global energy production for centuries. Despite the emergence of numerous advanced energy sources, coal continues to hold a substantial share of the energy and fuel markets. This article analyzes the global coal trading market in-depth, focusing on the biggest coal exporters and importers, coal export data, and more.
How Big is the Coal Trading Market?
In 2023, the global coal trade, including imports and exports, was valued at approximately $8309.93 million. With a compound annual growth rate (CAGR) of 2.53%, the coal trade is projected to reach $9652.6 million by 2027. Let's break down the data on the coal trade:
Coal Export Data
Coal remains one of the most exported commodities worldwide. In 2022-23, global coal exports amounted to $238 billion, with a total quantity of 1,466 million metric tons. India alone exported coal worth $184.99 million during this period.
Coal Import Data
In 2023, the global coal import market was valued at $286.7 billion, making coal one of the most imported commodities globally. The total quantity of coal imports stood at 1,565 million metric tons. India’s coal imports in 2022-23 were valued at $48,034.94 million.
Top Coal Categories in the International Market
The most traded categories of coal include:
Lignite Coal: In 2022, the global lignite coal trade was valued at $9.6 billion. China was the largest importer, while Indonesia was the largest producer and exporter.
Anthracite Coal: The trade value of anthracite coal reached $9.71 billion in 2022. Russia was the leading exporter, and China was the largest importer.
Bituminous Coal: Bituminous coal trade amounted to $193 billion in 2022. Australia dominated as the largest exporter, with Japan being the top importer.
Top Coal Exporting Countries
Here are the leading top coal exporting countries by export value and quantity:
Rank | Country | Export Value (US$ Million) | Export Quantity (Million Metric Tons) |
1 | Australia | 83,300 | 471 |
2 | Indonesia | 46,700 | 359 |
3 | Russia | 42,800 | 210 |
4 | United States | 17,300 | 77 |
5 | South Africa | 13,000 | 68 |
6 | Canada | 10,800 | 56 |
7 | Mongolia | 6,500 | 36 |
8 | Netherlands | 2,200 | 33 |
9 | Mozambique | 2,000 | 29 |
10 | Poland | 1,600 | 22 |
Top Coal Importing Countries
Here are the top coal importing countries by import value and quantity:
Rank | Country | Import Value (US$ Billion) | Import Quantity (Million Metric Tons) |
1 | Japan | 60.34 | 357 |
2 | India | 49.10 | 211 |
3 | China | 48.32 | 210 |
4 | South Korea | 28.67 | 138 |
5 | Taiwan | 24.74 | 74 |
6 | Vietnam | 21.88 | 44 |
7 | Germany | 18.43 | 43 |
8 | Netherlands | 14.38 | 40 |
9 | Turkey | 11.5 | 40 |
10 | Malaysia | 9.4 | 37 |
Coal HS Code
The HSN code categorizes coal types for international trade:
270111: Anthracite Coal, non-agglomerated
270112: Bituminous Coal, non-agglomerated
270119: Other Coal, non-agglomerated
270120: Ovoids, briquettes, and similar solid fuels from coal
27011100: Anthracite Coal, non-agglomerated
27011200: Bituminous Coal, non-agglomerated
27011910: Cooking Coal
27011920: Steam Coal
Top Coal Export Companies
Leading coal export companies worldwide include:
Peabody Energy (United States)
Glencore (Switzerland)
BHP (Australia)
Yancoal (Australia)
Vale S.A. (Brazil)
Rio Tinto (United Kingdom)
Fortescue (Australia)
Siberian Coal Energy Company (Russia)
BUMI (Indonesia)
Anglo American Coal (South Africa)
Top Coal Import Companies
Prominent coal import companies globally include:
Agarwal Coal (India)
Mercuria Energy Group (Switzerland)
China Shenhua Energy (China)
Mitsubishi Corporation RTM Japan Ltd (Japan)
Trafigura Group PVT LTD (Singapore)
Why is Coal Export Increasing?
Since the Industrial Revolution, coal has been a crucial fuel for many nations. Today, the biggest coal exporters target China, India, and other Asian nations, which are significant consumers of coal. As coal remains cost-effective, it continues to be an essential energy source for developing countries, while developed nations seek cleaner alternatives.
Conclusion
The global coal market is dynamic, with varying degrees of reliance on coal across different countries. The ranks of the biggest coal importers and exporters are likely to change in the future. For the latest data on coal trade, visit Seair Exim Solutions, which provides comprehensive import-export data for over 120+ countries. Stay informed about the coal market's trends and updates to navigate the evolving landscape effectively.
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