US Coal Exports
Exports Economic Contributions Report
Dec 05 2017

October US Coal Exports Highest Since March 2014: Census (Platts)

October US Coal Exports Highest Since March 2014: Census

US Coal exports totaled 8.31 million mt in October, up 3% compared with September’s shipments and up 88.3% from the year-ago month, US Census Bureau data showed Tuesday.

It was also the highest monthly total since March 2014, when exports totaled 9.5 million mt.

Through October, US coal exports totaled 70.7 million mt, up 70% compared with the same period last year, and would total 84.8 million mt on an annualized basis, which would mark a 55.1% increase from the 2016 total of 54.7 million mt.

The monthly surge came largely from increased demand from thermal coal as metallurgical coal exports actually decreased from the prior month.

October met coal exports totaled 4.2 million mt, down 14.2% compared with September but up 47.6% from the year-ago month, the Census data showed.

September exports had been the highest monthly total since October 2014. Through the first 10 months of 2017, met coal exports totaled 40.9 million mt, up 32.3% from the same period in 2016, and would total 49.1 million mt on an annualized basis.

The top export destinations for US met coal in October were Ukraine at 531,126 mt, compared with 88,373 mt in the year-ago month; Brazil at 458,911 mt, compared with 555,318 mt last year; and Canada at 419,226 mt, compared with 357,043 mt a year earlier.

Through October, the largest market for US met coal in 2017 was Brazil at 5.2 million mt, compared with 5 million mt in the year-ago period; Japan at 3.89 million mt, compared with 2.85 million mt last year; and Canada at 2.95 million mt, compared with 2.5 million mt last year.

Bituminous coal exports in October totaled 3.4 million mt, up 41.4% from September and up 160.7% from the year-ago period. Through the first 10 months of 2017, US bituminous coal exports totaled 23 million mt, up 61.1% from the year-ago period, and would total 27.6 million mt on an annualized basis.

The top export destinations for US bituminous coal in October were India at 892,838 mt, compared with 191,627 mt last year; the Netherlands at 568,302 mt, compared with 444,147 mt last year; and Germany at 451,693 mt, compared with 222,608 mt last year.

The largest market for US bituminous coal in the first 10 months of the year was the Netherlands at 5 million mt, compared with 3.92 million mt in the year-ago period; India at 4.75 million mt, compared with 1.73 million mt last year; and Germany at 1.87 million mt, compared with 1.45 mt last year.

US subbituminous coal exports totaled 628,918 mt in October, up 7.5% from September and up 254% from the year-ago month. For the first 10 months of the year, subbituminous coal exports totaled 6.19 million mt, up 163.5% from the year-ago period, and would total 7.4 million mt on an annualized basis.

The top importer of US subbituminous coal in October was South Korea at 313,269 mt compared with 14,601 mt last year; Mexico at 210,515 mt, compared with 161,129 mt last year; and Taiwan at 104,794 mt, compared with zero last year.

South Korea also was 2017’s largest importer of US subbituminous coal through October at 3.06 million mt, compared with 64,108 mt last year; Mexico imported the second highest volume of subbituminous coal at 1.83 million mt, compared with 1.33 million mt last year; and Morocco imported 432,616 mt, compared with zero last year.

See article here.

  • “The fact that we’re no longer in the age of energy scarcity – that we’re in the age of energy abundance – positions the United States in a totally different place. This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
    – Dave Banks, Special Assistant to President Donald Trump for International Energy, June 2017
  • “It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.”
    – Executive Order on Promoting Energy Independence and Economic Growth, March 28, 2017
  • “Historically, U.S. companies seeking to expand their revenues focused first on increasing their number and share of U.S customers. For years, this focus served as a winning strategy for many of the most successful U.S. companies. Today, global economic trends make clear that successful companies are those that reach and sell to consumers outside U.S. borders and around the globe.”
    — 2011 National Export Strategy, U.S. Trade Promotion Coordinating Committee
  • “Federal regulatory agencies should not require climate change studies in the course of their permitting processes for proposed facilities. Coal will be consumed around the world regardless of U.S. trade policy. The only question is whether the coal is produced here in North America, where environmental standards are high, or elsewhere.”
    — U.S. Senator Lisa Murkowski, January 7, 2014
  • “At present 19% of the world’s population, 1.3 billion people, lack access to electricity and on New Policy Scenario projections there will still be 1 billion people without such access in 2030. To meet the UN Millennium Development Goal of eradicating extreme poverty by 2015, 395 million more people need access to electricity. There is a strong correlation between electrification and improvement in the United Nations’ Human Development Index.”
    — International Energy Agency, Coal Industry Advisory Board
  • “Access to electricity is strongly correlated with every measurable indicator of human development”
    — Berkeley Science Review, 2008

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