2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
falseWorld Rnk 3 / 212
Flag Rnk 82 / 96
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

The fastest growing export markets for Natural gums, resins & other vegetable extracts of China between 2021 and 2022 were Malaysia ($79.2M), Russia ($57M), and Vietnam ($56.6M).

Imports In 2022, China imported $569M in Natural gums, resins & other vegetable extracts, becoming the 3rd largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 82nd most imported product in China. China imports Natural gums, resins & other vegetable extracts primarily from: Indonesia ($96.3M), India ($68.9M), United States ($50.4M), France ($41.3M), and Spain ($32.1M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for China between 2021 and 2022 were Indonesia ($40.6M), France ($27.8M), and India ($27.3M).

COMPANIES In 2023, leading companies such as Walmart (432), CrimsonLogic (13), and Walong Marketing (9) were at the forefront of shipping Natural gums, resins & other vegetable extracts from China to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-23.7M(-11.7%)
IMPORT GROWTH (July 2023 - July 2024)$-1.37M(-3.73%)
MAIN EXPORTER (July 2024)Zhejiang Province$29.7M
MAIN DESTINATION (July 2024)United States$41.7M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$569M

In 2022, China imported $569M in Natural gums, resins & other vegetable extracts, mainly from Indonesia ($96.3M), India ($68.9M), United States ($50.4M), France ($41.3M), and Spain ($32.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$79.2M (206%)
Russia$57M (66.1%)
Vietnam$56.6M (204%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY China WERE (2021 - 2022):
Hong Kong-$50.8M (-40.6%)
Kazakhstan-$22M (-89.7%)
Kyrgyzstan-$6.51M (-97.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Natural gums, resins & other vegetable extracts were:
India $1.18B
Spain $920M
In 2022, China's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $34.6M
N/AN/AN/A

Natural gums, resins & other vegetable extracts’s highest export potential is India. With an export gap of $34.6M.   Natural gums, resins & other vegetable extracts’s highest import potential is N/A with an import gap of N/A.

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