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2022
Exports | Imports $110B | $51.6BWorld Rnk 1 / 214
Flag Rnk 6 / 96
World Rnk 2 / 225
Flag Rnk 11 / 96
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $2.72B | $1.08BBrazil |  United States
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Organic chemicals1.79Rnk 12 / 1025

About

Exports In 2022, China exported $110B in Organic chemicals, making it the 1st largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 6th most exported product in China. The main destination of Organic chemicals exports from China are: United States ($13B), India ($12.9B), Brazil ($6.98B), South Korea ($6.11B), and Germany ($4.91B).

The fastest growing export markets for Organic chemicals of China between 2021 and 2022 were Brazil ($2.72B), United States ($2.27B), and Singapore ($1.7B).

Imports In 2022, China imported $51.6B in Organic chemicals, becoming the 2nd largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 11th most imported product in China. China imports Organic chemicals primarily from: South Korea ($11.3B), Japan ($4.96B), Saudi Arabia ($4.91B), Chinese Taipei ($4.43B), and United States ($3.98B).

The fastest growing import markets in Organic chemicals for China between 2021 and 2022 were United States ($1.08B), Saudi Arabia ($537M), and Kuwait ($380M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (82.1k), IKEA SUPPLY AG (32.7k), and LG ELECTRONICS U.S.A. INC. (31.2k) were at the forefront of shipping Organic chemicals from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Organic chemicals exports accounted up to $5.24B and imports accounted up to $3.63B, resulting in a positive trade balance of $1.6B. Between February 2023 and February 2024 the exports of China's   Organic chemicals have decreased by $-1.17B (-18.2%) from $6.4B to $5.24B, while imports decreased by $-693M (-16%) from $4.33B to $3.63B.

Destinations In February 2024, Organic chemicals were exported mostly to India ($743M), United States ($530M), South Korea ($304M), Netherlands ($220M), and Brazil ($218M), and were imported mostly from South Korea ($814M), United States ($476M), Japan ($353M), Taiwan ($264M), and Denmark ($202M).

Growth In February 2024, the decrease in Organic chemicals's year-by-year exports was explained primarily by a decrease in exports to United States ($-368M or -31%), Brazil ($-183M or -32.6%), and South Korea ($-178M or -31.4%). In February 2024, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-321M or -28.7%), Saudi Arabia ($-247M or -43.6%), and Taiwan ($-235M or -46.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$-1.17B(-18.2%)
IMPORT GROWTH (February 2023 - February 2024)$-693M(-16%)
MAIN EXPORTER (February 2024)Jiangsu Province$1.3B
MAIN DESTINATION (February 2024)India$743M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$110B
IMPORTS (2022)$51.6B
NET TRADE (2022)$58.6B

In 2022, China exported $110B in Organic chemicals. The main destinations of China exports on Organic chemicals were United States ($13B), India ($12.9B), Brazil ($6.98B), South Korea ($6.11B), and Germany ($4.91B).

In 2022, China imported $51.6B in Organic chemicals, mainly from South Korea ($11.3B), Japan ($4.96B), Saudi Arabia ($4.91B), Chinese Taipei ($4.43B), and United States ($3.98B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR China WERE (2021 - 2022):
Brazil$2.72B (63.7%)
United States$2.27B (21.2%)
Singapore$1.7B (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY China WERE (2021 - 2022):
Iran-$128M (-27.5%)
Ukraine-$86.7M (-33.8%)
Aruba-$29.3M (-99.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Organic chemicals were:
United States $51.7B
Ireland $45.7B
In 2022, China's main importing competitors in Organic chemicals were:
United States $68.6B
Germany $47.2B

Explore Visualizations

Trade Value of Organic chemicals by Exporters

Keep Exploring

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