Overview In July 2024 China's Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm exports accounted up to $2.52M and imports accounted up to $442k, resulting in a positive trade balance of $2.07M. Between July 2023 and July 2024 the exports of China's Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm have increased by $897k (55.4%) from $1.62M to $2.52M, while imports decreased by $-62.7k (-12.4%) from $505k to $442k.
Destinations In July 2024, Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm were exported mostly to South Korea ($572k), United States ($369k), Russia ($251k), Nigeria ($197k), and Ghana ($179k), and were imported mostly from Spain ($97.2k), Germany ($89.8k), Japan ($70.1k), United Kingdom ($39.4k), and Thailand ($29.9k).
Growth In July 2024, the increase in Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm's year-by-year exports was explained primarily by an increase in exports to Iran ($93.1k or 450%), Italy ($92.3k or 190%), and India ($75.4k or 338%). In July 2024, the decrease in Rubber: vulcanised, endless transmission belts of trapezoidal cross-section (V-belts), V-ribbed, of an outside circumference exceeding 180cm but not exceeding 240 cm's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-152k or -99.1%), Germany ($-130k or -59.4%), and Mexico ($-88.5k or -96.1%).