Borax in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $1.41M in Borax, making it the 13th largest exporter of Borax in the world. At the same year, Borax was the 1177th most exported product in China. The main destination of Borax exports from China are: South Korea ($437k), Senegal ($194k), Iraq ($188k), Guinea ($102k), and Vietnam ($80.9k).

The fastest growing export markets for Borax of China between 2021 and 2022 were Senegal ($194k), Iraq ($188k), and South Korea ($97.3k).

Imports In 2022, China imported $121M in Borax, becoming the 1st largest importer of Borax in the world. At the same year, Borax was the 613th most imported product in China. China imports Borax primarily from: Turkey ($112M), Bolivia ($8.19M), Malaysia ($929k), Belgium ($88.4k), and Italy ($34k).

The fastest growing import markets in Borax for China between 2021 and 2022 were Turkey ($22.9M), Malaysia ($639k), and Italy ($33.9k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Borax from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Borax exports accounted up to $123k and imports accounted up to $5.17M, resulting in a negative trade balance of $5.05M. Between February 2023 and February 2024 the exports of China's Borax have increased by $74.1k (150%) from $49.2k to $123k, while imports decreased by $-16.3M (-75.9%) from $21.5M to $5.17M.

Destinations In February 2024, Borax were exported mostly to Taiwan ($92.6k), South Korea ($18.8k), Laos ($8.95k), Guinea ($2k), and Ghana ($750), and were imported mostly from Turkey ($4.63M) and Bolivia ($539k).

Growth In February 2024, the increase in Borax's year-by-year exports was explained primarily by an increase in exports to South Korea ($32.3k or 538%). In February 2024, the decrease in Borax's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-5.39M or -29.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$74.1k(150%)

IMPORT GROWTH (February 2023 - February 2024)$-16.3M(-75.9%)

MAIN EXPORTER (February 2024)Shanghai Province$173k

MAIN DESTINATION (February 2024)Taiwan$92.6k

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.41M

IMPORTS (2022)$121M

NET TRADE (2022)-$120M

In 2022, China exported $1.41M in Borax. The main destinations of China exports on Borax were South Korea ($437k), Senegal ($194k), Iraq ($188k), Guinea ($102k), and Vietnam ($80.9k).

In 2022, China imported $121M in Borax, mainly from Turkey ($112M), Bolivia ($8.19M), Malaysia ($929k), Belgium ($88.4k), and Italy ($34k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST GROWING Borax EXPORT MARKETS FOR China WERE (2021 - 2022):

Senegal$194k (1%)

Iraq$188k (1%)

South Korea$97.3k (28.7%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borax BY China WERE (2021 - 2022):

Japan-$808k (-95.1%)

Thailand-$142k (-100%)

Nigeria-$102k (-96.4%)

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Change in Exports by Market (2021 - 2022)

Market Concentration

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LinePlot

StackedArea

Flow

Export

Import

Type

Value

Share

In 2022, China's main exporting competitors in Borax were:

Turkey $271M

Bolivia $80.1M

Argentina $24.4M

In 2022, China's main importing competitors in Borax were:

Brazil $70.4M

India $25.3M

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Latest Trends

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Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2022)

Import Origins (2022)

Market Growth

Change in Exports by Market (2021 - 2022)

Market Concentration

Trade Value of Borax by Exporters

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