Essential Oils in China 2021 Exports | Imports : $418M | $407M, World Rnk 4 / 198 Rnk 601 / 1215 | World Rnk 3 / 216 Rnk 395 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.73M | $29.7M, Hong Kong | India
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Essential Oils: -1.15, Rnk 873 / 1029
Exports In 2021, China exported $418M in Essential Oils, making it the 4th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 601st most exported product in China. The main destination of Essential Oils exports from China are: United States ($91.4M), Indonesia ($56.6M), United Kingdom ($32.7M), France ($29M), and Germany ($24.6M).
The fastest growing export markets for Essential Oils of China between 2020 and 2021 were Hong Kong ($6.73M), France ($6.15M), and Malaysia ($5.43M).
Imports In 2021, China imported $407M in Essential Oils, becoming the 3rd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 395th most imported product in China. China imports Essential Oils primarily from: India ($127M), United States ($125M), Brazil ($18.8M), Indonesia ($17.1M), and France ($14.6M).
The fastest growing import markets in Essential Oils for China between 2020 and 2021 were India ($29.7M), Vietnam ($8.02M), and Germany ($4.47M).
Tariffs In 2018, the average tariff for China in Essential Oils was 14.9%. The countries with the highest import tariffs for Essential Oils were Bangladesh (Most Favoured Nation duty rate treatment, 20%), Pakistan (Most Favoured Nation duty rate treatment, 20%), Burkina Faso (Most Favoured Nation duty rate treatment, 18.9%), Botswana (Most Favoured Nation duty rate treatment, 18.9%), and Cote d'Ivoire (Most Favoured Nation duty rate treatment, 18.9%).
April 2023
Overview In April 2023 China's Essential Oils exports accounted up to $23M and imports accounted up to $24.7M, resulting in a negative trade balance of $1.65M. Between April 2022 and April 2023 the exports of China's Essential Oils have increased by $1.23M (5.66%) from $21.8M to $23M, while imports increased by $4.93M (25%) from $19.7M to $24.7M.
Destinations In April 2023, Essential Oils were exported mostly to United Kingdom ($5.32M), United States ($3.13M), Indonesia ($1.64M), Germany ($1.59M), and Hong Kong ($1.34M), and were imported mostly from United States ($8.48M), India ($2.38M), Brazil ($2.38M), Australia ($2.12M), and Italy ($1.03M).
Growth In April 2023, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($3.49M or 171%), United States ($3.44M or 54.6%), and Germany ($1.87M or 279%). In April 2023, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.09M or 198%), Ireland ($856k or 6.2k%), and Italy ($320k or 62.3%).
EXPORT GROWTH (April 2022 - April 2023): $1.23M, (5.66%)
IMPORT GROWTH (April 2022 - April 2023): $4.93M, (25%)
MAIN EXPORTER (April 2023): Beijing, $4.69M
MAIN DESTINATION (April 2023): United Kingdom, $5.32M
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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EXPORTS (2021): $418M
IMPORTS (2021): $407M
NET TRADE (2021): $11.7M
In 2021, China exported $418M in Essential Oils. The main destinations of China exports on Essential Oils were United States ($91.4M), Indonesia ($56.6M), United Kingdom ($32.7M), France ($29M), and Germany ($24.6M).
In 2021, China imported $407M in Essential Oils, mainly from India ($127M), United States ($125M), Brazil ($18.8M), Indonesia ($17.1M), and France ($14.6M).
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Essential Oils were:
In 2021, China's main importing competitors in Essential Oils were:
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