Ethylene Polymers in China 2018 Exports | Imports : $1.06B | $18.8B, World Rnk 17 / 160 Rnk 334 / 1215 | World Rnk 1 / 207 Rnk 13 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $13.7M | $419M, Vietnam | United States
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Ethylene Polymers: 0.025, Rnk 543 / 1029
Exports In 2018, China exported $1.06B in Ethylene Polymers, making it the 17th largest exporter of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 334th most exported product in China. The main destination of Ethylene Polymers exports from China are: Vietnam ($113M), Hong Kong ($81M), South Korea ($45.5M), Malaysia ($44.7M), and India ($37.6M).
The fastest growing export markets for Ethylene Polymers of China between 2019 and 2020 were Vietnam ($13.7M), Saudi Arabia ($9.71M), and Nigeria ($7.65M).
Imports In 2020, China imported $18.8B in Ethylene Polymers, becoming the 1st largest importer of Ethylene Polymers in the world. At the same year, Ethylene Polymers was the 13th most imported product in China. China imports Ethylene Polymers primarily from: South Korea ($2.37B), Singapore ($2.25B), Saudi Arabia ($2.17B), Iran ($1.91B), and United Arab Emirates ($1.48B).
The fastest growing import markets in Ethylene Polymers for China between 2019 and 2020 were United States ($419M), Russia ($385M), and Indonesia ($303M).
Tariffs In 2018, the average tariff for China in Ethylene Polymers was 6.37%. The countries with the highest import tariffs for Ethylene Polymers were Angola (Most Favoured Nation duty rate treatement, 6.5%), Burundi (Most Favoured Nation duty rate treatement, 6.5%), Benin (Most Favoured Nation duty rate treatement, 6.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 6.5%), and Botswana (Most Favoured Nation duty rate treatement, 6.5%).
December 2022
Overview In December 2022 China's Ethylene Polymers exports accounted up to $202M and imports accounted up to $1.59B, resulting in a negative trade balance of $1.39B. Between December 2021 and December 2022 the exports of China's Ethylene Polymers have increased by $12.5M (6.57%) from $190M to $202M, while imports decreased by $-303M (-16%) from $1.9B to $1.59B.
Destinations In December 2022, Ethylene Polymers were exported mostly to Russia ($22.9M), Vietnam ($17M), Nigeria ($9.64M), Indonesia ($8.46M), and United Arab Emirates ($8.11M), and were imported mostly from Saudi Arabia ($237M), South Korea ($197M), United States ($181M), United Arab Emirates ($170M), and Singapore ($137M).
Growth In December 2022, the increase in Ethylene Polymers's year-by-year exports was explained primarily by an increase in exports to Russia ($8.81M or 549%), Vietnam ($6.56M or 37.8%), and United States ($6.49M or 203%). In December 2022, the decrease in Ethylene Polymers's year-by-year imports was explained primarily by a decrease in imports from Russia ($-45.4M or -68.6%), Iran ($-29.5M or -13%), and Canada ($-26.6M or -58.8%).
EXPORT GROWTH (December 2021 - December 2022): $12.5M, (6.57%)
IMPORT GROWTH (December 2021 - December 2022): $-303M, (-16%)
MAIN EXPORTER (December 2022): Shandong Province, $36.7M
MAIN DESTINATION (December 2022): Russia, $22.9M
This section shows Ethylene Polymers'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 Ethylene Polymers over time.
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EXPORTS (2020): $1.06B
IMPORTS (2020): $18.8B
NET TRADE (2020): -$17.7B
In 2020, China exported $1.06B in Ethylene Polymers. The main destinations of China exports on Ethylene Polymers were Vietnam ($113M), Hong Kong ($81M), South Korea ($45.5M), Malaysia ($44.7M), and India ($37.6M).
In 2020, China imported $18.8B in Ethylene Polymers, mainly from South Korea ($2.37B), Singapore ($2.25B), Saudi Arabia ($2.17B), Iran ($1.91B), and United Arab Emirates ($1.48B).
THE FASTEST GROWING Ethylene Polymers EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ethylene Polymers BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Ethylene Polymers were:
In 2020, China's main importing competitors in Ethylene Polymers were:
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