Bananas in China 2021 Exports | Imports : $15.2M | $1.14B, World Rnk 48 / 166 Rnk 1045 / 1215 | World Rnk 2 / 203 Rnk 214 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.43M | $78.7M, Hong Kong | Cambodia
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Bananas: -1.99, Rnk 1000 / 1029
Exports In 2021, China exported $15.2M in Bananas, making it the 48th largest exporter of Bananas in the world. At the same year, Bananas was the 1045th most exported product in China. The main destination of Bananas exports from China are: Hong Kong ($11.8M), United States ($1.15M), Macau ($789k), Mongolia ($602k), and Germany ($296k).
The fastest growing export markets for Bananas of China between 2020 and 2021 were Hong Kong ($2.43M), Mongolia ($190k), and United States ($162k).
Imports In 2021, China imported $1.14B in Bananas, becoming the 2nd largest importer of Bananas in the world. At the same year, Bananas was the 214th most imported product in China. China imports Bananas primarily from: Philippines ($426M), Cambodia ($198M), Vietnam ($197M), Laos ($183M), and Ecuador ($96.9M).
The fastest growing import markets in Bananas for China between 2020 and 2021 were Cambodia ($78.7M), Vietnam ($63.3M), and Laos ($11M).
Tariffs In 2018, the average tariff for China in Bananas was 7.74%. The countries with the highest import tariffs for Bananas were Burkina Faso (Most Favoured Nation duty rate treatment, 10%), Botswana (Most Favoured Nation duty rate treatment, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 10%), Cameroon (Most Favoured Nation duty rate treatment, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 10%).
February 2023
Overview In February 2023 China's Bananas exports accounted up to $1.19M and imports accounted up to $107M, resulting in a negative trade balance of $106M. Between February 2022 and February 2023 the exports of China's Bananas have decreased by $-455k (-27.7%) from $1.64M to $1.19M, while imports increased by $9.71M (9.99%) from $97.1M to $107M.
Destinations In February 2023, Bananas were exported mostly to Hong Kong ($961k), Mongolia ($172k), Macau ($35.1k), Russia ($14.6k), and Thailand ($5.27k), and were imported mostly from Vietnam ($37.2M), Philippines ($33.6M), Cambodia ($20.8M), Ecuador ($11.7M), and Laos ($2.19M).
Growth In February 2023, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to Mongolia ($-70.4k or -90.3%) and United States ($-15.1k or -47.9%). In February 2023, the increase in Bananas's year-by-year imports was explained primarily by an increase in imports from Vietnam ($12.4M or 260%), Philippines ($11.8M or 32.7%), and Cambodia ($9.41M or 79.7%).
EXPORT GROWTH (February 2022 - February 2023): $-455k, (-27.7%)
IMPORT GROWTH (February 2022 - February 2023): $9.71M, (9.99%)
MAIN EXPORTER (February 2023): Hunan Province, $414k
MAIN DESTINATION (February 2023): Hong Kong, $961k
This section shows Bananas'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 Bananas over time.
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EXPORTS (2021): $15.2M
IMPORTS (2021): $1.14B
NET TRADE (2021): -$1.12B
In 2021, China exported $15.2M in Bananas. The main destinations of China exports on Bananas were Hong Kong ($11.8M), United States ($1.15M), Macau ($789k), Mongolia ($602k), and Germany ($296k).
In 2021, China imported $1.14B in Bananas, mainly from Philippines ($426M), Cambodia ($198M), Vietnam ($197M), Laos ($183M), and Ecuador ($96.9M).
THE FASTEST GROWING Bananas EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Bananas were:
In 2021, China's main importing competitors in Bananas were:
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