Sep 2025 NBR Import & Export Volume Both Rise
In September 2025, China’s import and export volume of NBR both increased MoM. This article mainly analyzes the changes in China’s NBR import and export data in September.
Import:
According to the data released by GACC, in September 2025, the NBR import volume reached 8,127.13mt, up 3.79% MoM and 34.85% YoY. The total import volume from January to September 2025 was approximately 66,159.52mt, up 9.74% YoY. The growth point of imports in September mainly came from off-shore resources.
Import volume by trading partners (top 3 import origins in September):
South Korea: Top supplier with imports of about 2,986.36mt, up 20.20% MoM and 47.89% YoY.
Russia: Imports of about 2,269.26mt, down 36.62% MoM but up 55.95% YoY.
Japan: Imports of about 1,700.17mt, up 138.78% MoM and 11.61% YoY.
Export:
According to the data released by GACC, in September 2025, the NBR import volume was 2,685.14mt, up 26.73% MoM and 62.49% YoY.
The total export volume from January to September 2025 was approximately 21,390.15mt, up 2.50% YoY. The main reason for the export growth in September was the increase in entrepot trade. In terms of export trade modes, the volume of NBR exported via logistics goods in areas under special customs supervision accounted for 68% of the total export volume, up 45.33% MoM.
Export volume by trading partners (top 3 export destinations in September):
India: Top destination with exports of about 1,600.79 mt, up 88.82% MoM and 781.91% YoY.
Indonesia: Exports of about 167.38mt, down 16.62% MoM and 14.19% YoY.
UAE: Exports of about 154.65 mt, up 12.02% MoM but down 53.39% YoY.
Outlook for October and November:
Import Perspective:
China’s supply is expected to be stable. Some NBR units in South Korea are scheduled to take turnarounds from H2 Oct to mid-November. In October-November, China’s NBR import volume is projected to fall compared to September.Export Perspective:
On September 25, the Ministry of Commerce and Industry of India announced the imposition of anti-dumping duties for a period of five years on China’s NBR. Affected by this announcement, China’s NBR export volume is predicted to periodically decline.
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