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2022
Exports $152MWorld Rnk 4 / 153
Flag Rnk 826 / 1216
2022
Destination $5.56M Japan
2021 - 2022
FASTEST GROWING MARKET $5.56MUnited States
2022
PRODUCT COMPLEXITY IN Friction Material0.27Rnk 464 / 1025
2022
Imports $111MWorld Rnk 2 / 211
Flag Rnk 631 / 1212
2022
Origin $4.6M Japan
2021 - 2022
FASTEST GROWING ORIGIN $4.6MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $152M in Friction Material, making it the 4th largest exporter of Friction Material in the world. At the same year, Friction Material was the 826th most exported product in China. The main destination of Friction Material exports from China are: Japan ($22.3M), United States ($12.8M), Vietnam ($6.59M), Brazil ($6.53M), and Russia ($6.45M).

The fastest growing export markets for Friction Material of China between 2021 and 2022 were United States ($5.56M), Kuwait ($3.76M), and Canada ($2.89M).

Imports In 2022, China imported $111M in Friction Material, becoming the 2nd largest importer of Friction Material in the world. At the same year, Friction Material was the 631st most imported product in China. China imports Friction Material primarily from: Japan ($49.1M), Germany ($20.6M), United States ($20.2M), South Korea ($5.32M), and Spain ($4.16M).

The fastest growing import markets in Friction Material for China between 2021 and 2022 were Germany ($4.6M), Italy ($2.09M), and United States ($1.55M).

COMPANIES In 2023, leading companies such as Robert Bosch (68), General Motors (44), and Ford Motor Company (2) were at the forefront of shipping Friction Material from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Friction Material exports accounted up to $8.81M and imports accounted up to $4.74M, resulting in a positive trade balance of $4.07M. Between July 2023 and July 2024 the exports of China's   Friction Material have decreased by $-713k (-7.49%) from $9.52M to $8.81M, while imports decreased by $-128k (-2.64%) from $4.87M to $4.74M.

Destinations In July 2024, Friction Material were exported mostly to Japan ($991k), Russia ($902k), Hungary ($770k), Vietnam ($520k), and Italy ($502k), and were imported mostly from Germany ($1.41M), United States ($1.04M), Japan ($972k), South Korea ($287k), and Italy ($237k).

Growth In July 2024, the decrease in Friction Material's year-by-year exports was explained primarily by a decrease in exports to Iran ($-641k or -72.2%), Germany ($-414k or -72%), and Japan ($-371k or -27.3%). In July 2024, the decrease in Friction Material's year-by-year imports was explained primarily by a decrease in imports from United States ($-559k or -43.7%), South Korea ($-314k or -70.4%), and Germany ($-152k or -16.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-713k(-7.49%)
IMPORT GROWTH (July 2023 - July 2024)$-128k(-2.64%)
MAIN EXPORTER (July 2024)Guangdong Province$3.4M
MAIN DESTINATION (July 2024)Japan$991k

This section shows Friction Material'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 Friction Material over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$152M
IMPORTS (2022)$111M
NET TRADE (2022)$41.2M

In 2022, China exported $152M in Friction Material. The main destinations of China exports on Friction Material were Japan ($22.3M), United States ($12.8M), Vietnam ($6.59M), Brazil ($6.53M), and Russia ($6.45M).

In 2022, China imported $111M in Friction Material, mainly from Japan ($49.1M), Germany ($20.6M), United States ($20.2M), South Korea ($5.32M), and Spain ($4.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Friction Material EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$5.56M (76.3%)
Kuwait$3.76M (1.34k%)
Canada$2.89M (196%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Friction Material BY China WERE (2021 - 2022):
Japan-$4.49M (-16.8%)
Germany-$2.74M (-31.7%)
Mexico-$1.7M (-28.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Friction Material were:
Japan $247M
United States $191M
Germany $155M
In 2022, China's main importing competitors in Friction Material were:
United States $164M
Germany $85.5M

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Trade Value of Friction Material by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.81M
TOP IMPORT POTENTIALGermany+ $2.41M

Friction Material’s highest export potential is India. With an export gap of $2.81M.   Friction Material’s highest import potential is Germany with an import gap of $2.41M.

See methodology.

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