China's Tobacco Exports Surge in 2023, Showing Impressive Growth

Market by 2FIRSTS Mincy

Jan.30.2024

China's Tobacco Exports Surge in 2023, Showing Impressive Growth

China's tobacco export reached a total of $9.17 billion in 2023, a 22.2% increase compared to the previous year.

According to data released by the General Administration of Customs, China's tobacco exports experienced robust growth in 2023, reaching a total value of $9.173 billion, representing a year-on-year increase of 22.2%. When calculated in terms of Chinese yuan, the value reached 64.595 billion yuan, marking a year-on-year growth of 28.33%.

According to specific subcategory data, the export revenue for roasted tobacco amounted to $382 million, a decrease of 14.61% compared to the previous year. In terms of the Chinese currency, it was valued at 2.683 billion yuan, a decrease of 9.75% year-on-year. On the other hand, the export revenue for rolled cigarettes reached $280 million, showing a substantial growth of 106.47% compared to the previous year. In terms of the Chinese currency, it was valued at 1.984 billion yuan, an impressive increase of 116.53% year-on-year.

Taking into account the weight criteria, the export of flue-cured tobacco in 2023 is estimated to be around 100,000 tons, marking a YoY decrease of 28.17%. In contrast, the export weight of cigarettes is 19,400 tons, showing a YoY increase of 44.01%. Moreover, the number of cigarette sticks exported reached 83.92 million, indicating a growth of 36.62% compared to the previous year.

Also Read:

[1] China's E-cigarette Export Data in November 2023

[2] 2023 China E-cigarette Exports Surge to $11.08 billion Amid 21.55% Unit Price Decline

[3] China's E-cigarette Export Data for Germany, December 2023

[4] China's E-Cigarette Exports to Russia Soar in December 2023

[5] China's E-cigarette Exports to South Korea Decrease in December 2023

[6] China's E-Cigarette Exports to UK Surge in December 2023

[7] China's E-cigarette Exports to the US Surge in December 2023

#Traditional tobacco #Asia #Market #China

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