Overview In June 2023 China's Essential Oils exports accounted up to $18.5M and imports accounted up to $28.1M, resulting in a negative trade balance of $9.58M. Between June 2022 and June 2023 the exports of China's Essential Oils have decreased by $-17.8M (-49.1%) from $36.4M to $18.5M, while imports increased by $4.59M (19.5%) from $23.5M to $28.1M.
Destinations In June 2023, Essential Oils were exported mostly to Hong Kong ($3.46M), United Kingdom ($2.4M), Indonesia ($2.14M), United States ($2.08M), and Germany ($2.01M), and were imported mostly from United States ($11.5M), India ($4.38M), Brazil ($3.11M), Indonesia ($1.7M), and United Kingdom ($1.19M).
Growth In June 2023, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to India ($-742k or -35.2%), Spain ($-641k or -44.5%), and Taiwan ($-344k or -79.2%). In June 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%).