Russia more than doubles exports of metallurgical coal to India
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Exports of coking (metallurgical) coal from Russia to India increased by 2.3 times year-on-year over the eight months of 2023 and reached 4.3 million tons, according to data from the Indian Ministry of Trade and Industry.
The share of Russian supplies in total imports of coking coal into the country increased from 5 to 11.2%.
The bulk of Indian imports continue to come from Australia: 19.9 million tonnes of 38.4 million tonnes in the eight months of this year. But supplies from Australia in January–August decreased by 10% year-on-year, and their share in Indian imports decreased from 58.2 to 51.7%. The US share decreased from 13 to 12.7%, Indonesia’s share from 5 to 3.6%.
A sharp increase in coal supplies from Russia to India, both coking and thermal (used primarily in the energy sector), began last year against the backdrop of a reorientation of Russian companies’ exports from EU countries. The EU, as part of the fifth package of anti-Russian sanctions due to the SVO in Ukraine, has completely banned the import of coal from Russia since August 10, 2022.
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