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: -1.08, Rnk 850 / 1024
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).
June 2023
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%).
EXPORT GROWTH (June 2022 - June 2023): $-17.8M, (-49.1%)
IMPORT GROWTH (June 2022 - June 2023): $4.59M, (19.5%)
MAIN EXPORTER (June 2023): Beijing, $5.36M
MAIN DESTINATION (June 2023): Hong Kong, $3.46M
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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