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According to the data provided by the General Administration of Customs, in 2020, China’s total export volume of rare earths reached 35,447.5 tons for the whole year, down by 23.5 percent year-on-year, and the lowest figure in the last five years. China’s exports of rare earths have been decreasing in recent years – in 2019, the total export volume was down by 12.6 percent year-on-year.
According to data provided by the Center for Strategic and International Studies, in 2019, Japan was the top destination of Chinese rare earths, followed by the US, alongside the Netherlands, South Korea, and Italy. These five countries imported a combined 87.8 percent of China’s rare earths’ exports in 2019. ....

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