First CBAM imports are dominated by cast iron and steel
Iron and steel imports into the EU account for the lion's share of goods imported through the Carbon Border Adjustment Mechanism (CBAM) starting on January 1, according to Callanish from customs data.
The data, which covers the first reporting period from January 1 to January 6, shows that the declared CBAM imports amounted to 1,655,613 tons.
This year, iron and steel accounted for 98%. The share of fertilizers was 1.2%, cement - 0.5% and aluminum - 0.3%, while the share of electricity and hydrogen was 0%.
The main countries of origin of imports covered by CBAM were Turkey, China, India, Canada, Taiwan, and Vietnam, while the largest importing countries were Belgium, Spain, Romania, the Netherlands, France, and Germany.
The uninterrupted connection of the CBAM registry to the National Import Customs Systems, Taric and the EU Single Customs Window by the member states ensured real-time data exchange, effective verification of declarants and uninterrupted import procedures at the EU's external borders, the European Commission notes.
It also says that national authorities report stable processing times, however, some industry sources report minor delays at some ports related to paperwork issues.
According to the Commission, the progress achieved demonstrates the EU's ability to implement complex climate policy instruments without hindering trade, while increasing transparency, equity and climate ambitions in all global supply chains.
Other data show that more than 4,100 CBAM economic operators successfully obtained the status of an authorized CBAM declarant across the EU before and immediately after January 1. From January 1 to January 7, 10,483 import customs declarations for CBAM goods were confirmed automatically and in real time using integrated customs systems.
Author: Carrie Bone, United Kingdom
Kallanish.com