Barite export is not a source of foreign exchange
China is exporting its barite (natural barium sulfate) at an average price of over $30 per ton, but after processing, it's resold internationally for more than $1,000 per ton. This stark price gap highlights a major issue: China, which holds the world’s largest barite reserves, is losing out on value by exporting raw materials without deep processing. As a result, the country is wasting a precious and non-renewable resource, with serious economic and environmental consequences.
Barite is a critical mineral used in oil and gas drilling fluids, white pigments, paints, and various chemical industries. With the global energy sector booming, international demand for barite has been rising rapidly. However, despite being the top producer, China has failed to leverage its position effectively in the global market.
China holds about 360 million tons of barite reserves, the highest in the world. According to Fujian Customs data, these reserves could last only 50 to 70 years if exploited at the current rate. To prevent further loss, the Chinese government has imposed stricter export controls. In 2004, the export tax rebate was reduced from 17% to 5%, and in 2006, it was completely removed. Despite these measures, barite exports continued to grow sharply—by 10.4% in 2004, 28.5% in 2005, and 16.7% in 2006.
In recent years, China has maintained annual barite exports above 3 million tons, while global trade volume is around 4.5 million tons yearly. Yet, the value of China’s exports remains low. Many small-scale producers prioritize quantity over quality, using outdated technology and neglecting advanced processing methods. This leads to excessive exploitation and minimal profit.
The price of Chinese barite exports has remained stagnant at over $30 per ton for years, while processed products are sold internationally for over $1,000 per ton. For example, in the first half of this year, Fujian, China’s second-largest barite exporter, shipped 236,000 tons—an increase of 6.9% compared to the same period last year—but at an average price of just $38.74 per ton.
This situation reflects a broader challenge: China has the resources but lacks the strategic vision to maximize their value. Without better regulation, investment in technology, and a shift toward high-value processing, the country will continue to lose out on one of its most valuable natural assets.
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