Monofilament in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $885M in Monofilament, making it the 2nd largest exporter of Monofilament in the world. At the same year, Monofilament was the 470th most exported product in China. The main destination of Monofilament exports from China are: India ($89M), United States ($65.9M), Australia ($56.9M), Japan ($53.1M), and Thailand ($33.6M).

The fastest growing export markets for Monofilament of China between 2021 and 2022 were India ($21.1M), Australia ($16.3M), and Japan ($8.65M).

Imports In 2022, China imported $167M in Monofilament, becoming the 14th largest importer of Monofilament in the world. At the same year, Monofilament was the 547th most imported product in China. China imports Monofilament primarily from: Germany ($70.2M), Hong Kong ($23.4M), United States ($20.4M), Japan ($11.7M), and South Korea ($10.5M).

The fastest growing import markets in Monofilament for China between 2021 and 2022 were United States ($5.04M), South Korea ($4.84M), and Denmark ($528k).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (116), COSTCO WHOLESALE COPRORATION (58), and BJ S WHOLESALE CLUB, INC. (20) were at the forefront of shipping Monofilament from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Monofilament exports accounted up to $69M and imports accounted up to $8.7M, resulting in a positive trade balance of $60.3M. Between February 2023 and February 2024 the exports of China's Monofilament have increased by $18.7M (37.1%) from $50.3M to $69M, while imports decreased by $-4.6M (-34.6%) from $13.3M to $8.7M.

Destinations In February 2024, Monofilament were exported mostly to United States ($13M), India ($6.61M), Germany ($3.5M), Russia ($3.29M), and Canada ($2.79M), and were imported mostly from Germany ($2.11M), Japan ($1.85M), United States ($1.44M), United Kingdom ($729k), and Hong Kong ($611k).

Growth In February 2024, the increase in Monofilament's year-by-year exports was explained primarily by an increase in exports to Singapore ($1.29M or 211%), North Korea ($1.27M or 532%), and Mexico ($1.01M or 90.9%). In February 2024, the decrease in Monofilament's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-628k or -55.9%), United States ($-230k or -18.5%), and Japan ($-216k or -12.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$18.7M(37.1%)

IMPORT GROWTH (February 2023 - February 2024)$-4.6M(-34.6%)

MAIN EXPORTER (February 2024)Guangdong Province$33.2M

MAIN DESTINATION (February 2024)United States$13M

This section shows Monofilament'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 Monofilament over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$885M

IMPORTS (2022)$167M

NET TRADE (2022)$718M

In 2022, China exported $885M in Monofilament. The main destinations of China exports on Monofilament were India ($89M), United States ($65.9M), Australia ($56.9M), Japan ($53.1M), and Thailand ($33.6M).

In 2022, China imported $167M in Monofilament, mainly from Germany ($70.2M), Hong Kong ($23.4M), United States ($20.4M), Japan ($11.7M), and South Korea ($10.5M).

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