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2022
Exports $3.76BWorld Rnk 13 / 210
Flag Rnk 60 / 96
2022
Destination $275M Netherlands
2021 - 2022
FASTEST GROWING MARKET $275MNetherlands
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes0.8Rnk 244 / 1025
2022
Imports $16.6BWorld Rnk 2 / 224
Flag Rnk 21 / 96
2022
Origin $470M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $470MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.76B in Animal or vegetable fats, oils, & waxes, making it the 13th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 60th most exported product in China. The main destination of Animal or vegetable fats, oils, & waxes exports from China are: Netherlands ($744M), Spain ($674M), Singapore ($480M), Malaysia ($222M), and United States ($158M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of China between 2021 and 2022 were Netherlands ($275M), Singapore ($211M), and Spain ($161M).

Imports In 2022, China imported $16.6B in Animal or vegetable fats, oils, & waxes, becoming the 2nd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 21st most imported product in China. China imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($8.62B), Malaysia ($2.45B), Russia ($1.18B), Brazil ($733M), and India ($698M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for China between 2021 and 2022 were Indonesia ($470M), Malaysia ($332M), and Russia ($236M).

COMPANIES In 2023, leading companies such as Costco Wholesale (57), Mystic Apparel (51), and Wismettac Asian Foods (43) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Animal or vegetable fats, oils, & waxes exports accounted up to $306M and imports accounted up to $1.07B, resulting in a negative trade balance of $763M. Between July 2023 and July 2024 the exports of China's   Animal or vegetable fats, oils, & waxes have increased by $68.5M (28.8%) from $238M to $306M, while imports increased by $2.17M (0.2%) from $1.07B to $1.07B.

Destinations In July 2024, Animal or vegetable fats, oils, & waxes were exported mostly to United States ($100M), Netherlands ($56.2M), Singapore ($34M), Indonesia ($12.6M), and Australia ($11.3M), and were imported mostly from Indonesia ($519M), Malaysia ($145M), Russia ($129M), India ($68.8M), and United Arab Emirates ($27.2M).

Growth In July 2024, the increase in Animal or vegetable fats, oils, & waxes's year-by-year exports was explained primarily by an increase in exports to United States ($67.4M or 734%), Indonesia ($25.2M or 2.27k%), and Chile ($14.5M or 67.4k%). In July 2024, the increase in Animal or vegetable fats, oils, & waxes's year-by-year imports was explained primarily by an increase in imports from Russia ($128M or 160%), Indonesia ($94.2M or 23.1%), and Argentina ($32.1M or 62.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$68.5M(28.8%)
IMPORT GROWTH (July 2023 - July 2024)$2.17M(0.2%)
MAIN EXPORTER (July 2024)Jiangsu Province$150M
MAIN DESTINATION (July 2024)United States$100M

This section shows Animal or vegetable fats, oils, & waxes'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 Animal or vegetable fats, oils, & waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.76B
IMPORTS (2022)$16.6B
NET TRADE (2022)-$12.8B

In 2022, China exported $3.76B in Animal or vegetable fats, oils, & waxes. The main destinations of China exports on Animal or vegetable fats, oils, & waxes were Netherlands ($744M), Spain ($674M), Singapore ($480M), Malaysia ($222M), and United States ($158M).

In 2022, China imported $16.6B in Animal or vegetable fats, oils, & waxes, mainly from Indonesia ($8.62B), Malaysia ($2.45B), Russia ($1.18B), Brazil ($733M), and India ($698M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR China WERE (2021 - 2022):
Netherlands$275M (58.7%)
Singapore$211M (78.7%)
Spain$161M (31.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY China WERE (2021 - 2022):
Nigeria-$45M (-90.2%)
South Korea-$35M (-26.8%)
Bangladesh-$13.4M (-84.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
Indonesia $44.7B
Malaysia $27.9B
Netherlands $9.75B
In 2022, China's main importing competitors in Animal or vegetable fats, oils, & waxes were:
India $22.3B
United States $15.2B

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $55.2M
TOP IMPORT POTENTIALMalaysia+ $446M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $55.2M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Malaysia with an import gap of $446M.

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