Cutlery Sets in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $2.38B in Cutlery Sets, making it the 1st largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 267th most exported product in China. The main destination of Cutlery Sets exports from China are: United States ($502M), Germany ($106M), Philippines ($94.3M), Indonesia ($93M), and United Arab Emirates ($83.7M).

The fastest growing export markets for Cutlery Sets of China between 2021 and 2022 were Philippines ($59.9M), United Arab Emirates ($36.1M), and Indonesia ($26.2M).

Imports In 2022, China imported $13.1M in Cutlery Sets, becoming the 51st largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 971st most imported product in China. China imports Cutlery Sets primarily from: United Arab Emirates ($2.18M), France ($1.97M), Vietnam ($1.74M), China ($1.27M), and Japan ($1.24M).

The fastest growing import markets in Cutlery Sets for China between 2021 and 2022 were United Arab Emirates ($650k), Brazil ($587k), and Italy ($284k).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (18k), WAL-MART INC. (1.07k), and AMAZON SERVICES LLC (812) were at the forefront of shipping Cutlery Sets from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Cutlery Sets exports accounted up to $177M and imports accounted up to $650k, resulting in a positive trade balance of $177M. Between February 2023 and February 2024 the exports of China's Cutlery Sets have increased by $81.7M (85.5%) from $95.6M to $177M, while imports decreased by $-276k (-29.8%) from $926k to $650k.

Destinations In February 2024, Cutlery Sets were exported mostly to United States ($37.5M), Kazakhstan ($9.69M), Indonesia ($6.81M), United Arab Emirates ($6.19M), and Germany ($5.76M), and were imported mostly from France ($194k), Vietnam ($150k), China ($132k), India ($75.2k), and Japan ($38.6k).

Growth In February 2024, the increase in Cutlery Sets's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($3.91M or 42.6%), Singapore ($3.64M or 191%), and Saudi Arabia ($2.42M or 31.6%). In February 2024, the decrease in Cutlery Sets's year-by-year imports was explained primarily by a decrease in imports from Germany ($-22.9k or -72.5%), Portugal ($-17.1k or -85.6%), and Japan ($-16.6k or -18.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$81.7M(85.5%)

IMPORT GROWTH (February 2023 - February 2024)$-276k(-29.8%)

MAIN EXPORTER (February 2024)Guangdong Province$94.2M

MAIN DESTINATION (February 2024)United States$37.5M

This section shows Cutlery Sets'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 Cutlery Sets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.38B

IMPORTS (2022)$13.1M

NET TRADE (2022)$2.37B

In 2022, China exported $2.38B in Cutlery Sets. The main destinations of China exports on Cutlery Sets were United States ($502M), Germany ($106M), Philippines ($94.3M), Indonesia ($93M), and United Arab Emirates ($83.7M).

In 2022, China imported $13.1M in Cutlery Sets, mainly from United Arab Emirates ($2.18M), France ($1.97M), Vietnam ($1.74M), China ($1.27M), and Japan ($1.24M).

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