Essential Oils in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $407M in Essential Oils, making it the 5th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 615th most exported product in China. The main destination of Essential Oils exports from China are: United States ($82.8M), Indonesia ($57.9M), United Kingdom ($30.5M), France ($30.3M), and Spain ($29.4M).

The fastest growing export markets for Essential Oils of China between 2021 and 2022 were Spain ($5.18M), Hong Kong ($5.02M), and United Arab Emirates ($2.89M).

Imports In 2022, China imported $342M in Essential Oils, becoming the 4th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 430th most imported product in China. China imports Essential Oils primarily from: India ($99.9M), United States ($90.5M), Brazil ($26.3M), Indonesia ($17.2M), and Germany ($12.4M).

The fastest growing import markets in Essential Oils for China between 2021 and 2022 were Brazil ($7.51M), Bulgaria ($2.1M), and Ireland ($1.14M).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (312), CONAIR CORPORATION (126), and GLOBAL ETRADE SERVICES INC (84) were at the forefront of shipping Essential Oils from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Essential Oils exports accounted up to $20.1M and imports accounted up to $20.5M, resulting in a negative trade balance of $405k. Between February 2023 and February 2024 the exports of China's Essential Oils have decreased by $-1.31M (-6.1%) from $21.5M to $20.1M, while imports increased by $1.79M (9.53%) from $18.8M to $20.5M.

Destinations In February 2024, Essential Oils were exported mostly to United Kingdom ($5.24M), Indonesia ($2.78M), United States ($2.17M), Spain ($1.16M), and Netherlands ($1.14M), and were imported mostly from United States ($6.48M), India ($3.33M), Brazil ($2.94M), United Kingdom ($1.88M), and Indonesia ($1.21M).

Growth In February 2024, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to United States ($-6.53M or -67%), United Kingdom ($-3.4M or -61.5%), and Indonesia ($-3.39M or -54.1%). In February 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from United States ($1.03M or 17.5%), Germany ($872k or 285%), and Indonesia ($432k or 44.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.31M(-6.1%)

IMPORT GROWTH (February 2023 - February 2024)$1.79M(9.53%)

MAIN EXPORTER (February 2024)Beijing$6.24M

MAIN DESTINATION (February 2024)United Kingdom$5.24M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$407M

IMPORTS (2022)$342M

NET TRADE (2022)$65.2M

In 2022, China exported $407M in Essential Oils. The main destinations of China exports on Essential Oils were United States ($82.8M), Indonesia ($57.9M), United Kingdom ($30.5M), France ($30.3M), and Spain ($29.4M).

In 2022, China imported $342M in Essential Oils, mainly from India ($99.9M), United States ($90.5M), Brazil ($26.3M), Indonesia ($17.2M), and Germany ($12.4M).

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