Despite production decline, U.S. coal exports expected to match 2023 levels

U.S. coal exports in 2024 will be almost unchanged from 2023. However, it is still expected that coal production will decline by 14% in 2024 to about 500 million short tons and then fall by about 1% next year. But more coal exports in this recently published STEO compared with last month’s forecast mean the decline is less than previously forecast last month; we raised our forecast for U.S. coal production from last month by 3% in 2024 and by 6% in 2025.

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