India's Coking Coal Imports Surge

Coking Coal
Coking CoalImage Source: Oreaco

Synopsis

India witnessed a notable surge in coking coal imports through major ports in April-December 2023, totaling around 48.825 million metric tons, marking a 12.97% increase compared to the previous fiscal year. Additionally, iron ore and pellets freight traffic collectively amounted to approximately 43.141 million metric tons, marking a substantial 45.40% rise year-on-year.

 

Article

India's trade dynamics in coking coal and iron ore have shown significant growth in the April-December period of the fiscal year 2023-24. According to data from the Indian Ports Association (IPA), the country's coking coal imports through major ports during this period have notably surged to approximately 48.825 million metric tons. This marks a substantial increase of 12.97% compared to the corresponding period in the previous fiscal year.

Breaking down the data further, December 2023's inward shipments of coking coal accounted for 6.495 million metric tons, slightly down from November 2023's figure of 6.57 million metric tons. Despite this marginal decline between the two months, the overall trend remains notably upward.

Moreover, the IPA data revealed an impressive rise in the total freight traffic of iron ore, including pellets, reaching an estimated 43.141 million metric tons. This figure reflects a remarkable year-on-year increase of 45.40%, signaling a significant uptick in iron ore movement through the country's ports during this fiscal period.

Conclusion

India's trade landscape has seen a remarkable surge in coking coal imports, registering a substantial 12.97% increase in the April-December period of the fiscal year 2023-24. Concurrently, iron ore and pellets freight traffic has experienced a noteworthy surge of 45.40% year-on-year. These figures underscore a robust growth trajectory in the country's coal and iron ore imports, signaling positive trends in the nation's trade dynamics.

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