China's production capacity of rare earth permanent magnet materials ranks the top in the world. China has become the world's largest exporter of rare earth permanent magnet materials. According to the data released by the General Administration of customs, in 2019, China's rare earth permanent magnet products were exported to six continents and more than 100 countries, of which the products exported to Germany accounted for the largest proportion, accounting for 17.6%, followed by the United States and Japan, accounting for 11.3% and 11.1% respectively
