Affected by the sharp rise in overseas coal prices, in the first quarter, China’s coal imports from overseas decreased, but the value of imported goods continued to increase. According to data from the General Administration of Customs, in March, China’s coal and lignite imports fell by 39.6% year-on-year, and the total import value in US dollars increased by 6.4% year-on-year; in the first quarter, China’s coal and lignite imports fell by 24.2%, and the total import value in US dollars A year-on-year increase of 69.7%.

Imported coal with a MFN tax rate of 3%, 5% or 6% will be subject to a provisional import tax rate of zero this time. The main import sources of Chinese coal include Australia, Indonesia, Mongolia, Russia, Canada, and the United States. Among them, according to relevant trade agreements, coal imports from Australia and Indonesia have been subject to zero tax rate; Mongolian coal is subject to the agreement tax rate and the most-favored-nation tax rate; coal imports from Russia and Canada are subject to the most-favored-nation tax rate.