Russia Coal Exports 2022 2026 Market Overview & Trends

Russia's coal exports experienced strong growth in 2021. The export value surged by approximately 42%, rising from $12.39 billion in 2020 to $17.58 billion. This was accompanied by a moderate increase in total quantity, which grew from 197.8 billion to 209.5 billion units, indicating higher unit values during this period.

In 2021, China emerged as the primary destination for Russian coal, with an import value of $3.88 billion. Other major markets included Japan ($2.16 billion) and South Korea ($1.73 billion). The data highlights a strong demand from Asian economies, which collectively represent the largest share of the top five importers.

Growth trends across key markets show China leading with a rate of 1.05, followed closely by the Netherlands at 0.92 and Ukraine at 0.85. These figures indicate rapidly expanding demand in these regions. Japan and Other Asia also showed positive growth, though at more moderate rates of 0.43 and 0.51 respectively.

The product landscape is dominated by Bituminous coal (HS 270112), which accounted for a massive $15.44 billion in 2021. Anthracite coal (HS 270111) followed with $2.07 billion. Other coal variants and manufactured fuels like briquettes represent a significantly smaller portion of the total export value, highlighting a high concentration in primary coal types.