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Chinese purchases of Russian aluminum shoot up by 200% – customs data

Imports reportedly tripled in April year-on-year

Stacks of aluminium ingots in a foundry in Sayanogorsk, ©  Getty Images/Bloomberg Creative

Since the start of the conflict in Ukraine, between March 2022 and February 2023, Chinese imports of Russian aluminum increased by nearly 94% to reach 538,500 tons worth $1.36 billion. Russia’s share of Chinese aluminum imports stood at roughly 69% last year.

is the world’s largest aluminum producer and consumer, accounting for around 59% of global production of the metal in 2022, according to the International Aluminum Institute.

READ MORE: Britain bans Russian diamonds

Russia, one of the world’s top aluminum exporters, has seen its exports restricted by the US and its allies. In February 2023, Washington imposed 200% duties on imports of Russian-made aluminum products. In March, Canada banned imports of Russian aluminum and steel.

Russian aluminum producers have responded by turning to countries that have not supported Western sanctions.

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