Synthetic Fabrics in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $1.42B in Synthetic Fabrics, making it the 1st largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 364th most exported product in China. The main destination of Synthetic Fabrics exports from China are: Vietnam ($251M), Burma ($98.6M), Morocco ($77.2M), South Korea ($70.4M), and Sri Lanka ($58.5M).

The fastest growing export markets for Synthetic Fabrics of China between 2021 and 2022 were Burma ($36.1M), South Korea ($22M), and Mexico ($13.6M).

Imports In 2022, China imported $115M in Synthetic Fabrics, becoming the 6th largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 621st most imported product in China. China imports Synthetic Fabrics primarily from: Chinese Taipei ($18.4M), United States ($17.8M), Austria ($17.1M), South Korea ($14.9M), and Spain ($9.99M).

The fastest growing import markets in Synthetic Fabrics for China between 2021 and 2022 were Austria ($4.83M), Italy ($924k), and United Arab Emirates ($344k).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) were at the forefront of shipping Synthetic Fabrics from China to the United States.

Latest Trends

April 2024

About

Overview In April 2024 China's Synthetic Fabrics exports accounted up to $114M and imports accounted up to $9.53M, resulting in a positive trade balance of $104M. Between April 2023 and April 2024 the exports of China's Synthetic Fabrics have decreased by $-27.7M (-19.6%) from $141M to $114M, while imports decreased by $-701k (-6.85%) from $10.2M to $9.53M.

Destinations In April 2024, Synthetic Fabrics were exported mostly to Vietnam ($26.6M), South Korea ($11.4M), Burma ($7.09M), Bangladesh ($5.53M), and Cambodia ($3.81M), and were imported mostly from South Korea ($2.01M), Chinese Taipei ($1.91M), Japan ($1.66M), United States ($1.23M), and Mexico ($470k).

Growth In April 2024, the decrease in Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to Burma ($-4.27M or -32.7%), Ghana ($-2.11M or -52.4%), and Gambia ($-1.98M or -85.9%). In April 2024, the decrease in Synthetic Fabrics's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-1.84M or -99.5%), United States ($-1.53M or -45.5%), and Chinese Taipei ($-1.2M or -53.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-27.7M(-19.6%)

IMPORT GROWTH (April 2023 - April 2024)$-701k(-6.85%)

MAIN EXPORTER (April 2024)Zhejiang Province$51.4M

MAIN DESTINATION (April 2024)Vietnam$26.6M

This section shows Synthetic Fabrics's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Synthetic Fabrics over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.42B

IMPORTS (2022)$115M

NET TRADE (2022)$1.3B

In 2022, China exported $1.42B in Synthetic Fabrics. The main destinations of China exports on Synthetic Fabrics were Vietnam ($251M), Burma ($98.6M), Morocco ($77.2M), South Korea ($70.4M), and Sri Lanka ($58.5M).

In 2022, China imported $115M in Synthetic Fabrics, mainly from Chinese Taipei ($18.4M), United States ($17.8M), Austria ($17.1M), South Korea ($14.9M), and Spain ($9.99M).

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