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2022
Exports $3.7BWorld Rnk 1 / 172
Flag Rnk 192 / 1216
2022
Destination $125M United States
2021 - 2022
FASTEST GROWING MARKET $125MIndia
2022
PRODUCT COMPLEXITY IN Glass Fibers0.47Rnk 376 / 1025
2022
Imports $643MWorld Rnk 5 / 223
Flag Rnk 301 / 1212
2022
Origin $14.8M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $14.8MSweden
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.7B in Glass Fibers, making it the 1st largest exporter of Glass Fibers in the world. At the same year, Glass Fibers was the 192nd most exported product in China. The main destination of Glass Fibers exports from China are: United States ($458M), India ($317M), South Korea ($283M), Turkey ($189M), and Japan ($189M).

The fastest growing export markets for Glass Fibers of China between 2021 and 2022 were India ($125M), United States ($118M), and Turkey ($35.6M).

Imports In 2022, China imported $643M in Glass Fibers, becoming the 5th largest importer of Glass Fibers in the world. At the same year, Glass Fibers was the 301st most imported product in China. China imports Glass Fibers primarily from: Chinese Taipei ($140M), United States ($98.5M), Japan ($70.7M), Hong Kong ($64.3M), and Malaysia ($60.2M).

The fastest growing import markets in Glass Fibers for China between 2021 and 2022 were Sweden ($14.8M), Hong Kong ($10.6M), and Thailand ($10.3M).

COMPANIES In 2023, leading companies such as Jushi Fiberglass (690), Halyard Health (94), and Goldensee Limited (56) were at the forefront of shipping Glass Fibers from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Glass Fibers exports accounted up to $249M and imports accounted up to $77.8M, resulting in a positive trade balance of $171M. Between October 2023 and October 2024 the exports of China's   Glass Fibers have increased by $37.5M (17.7%) from $211M to $249M, while imports increased by $13.4M (20.8%) from $64.4M to $77.8M.

Destinations In October 2024, Glass Fibers were exported mostly to United States ($33.4M), India ($25.8M), South Korea ($22.2M), Japan ($13.1M), and Vietnam ($11.8M), and were imported mostly from Chinese Taipei ($21.5M), Japan ($17.1M), United States ($9.16M), South Korea ($7.71M), and Germany ($3.21M).

Growth In October 2024, the increase in Glass Fibers's year-by-year exports was explained primarily by an increase in exports to Burma ($2.23M or 333%), Philippines ($1.63M or 103%), and Turkey ($1.06M or 9.47%). In October 2024, the increase in Glass Fibers's year-by-year imports was explained primarily by an increase in imports from Sweden ($2.3M or 103%), Thailand ($2.25M or 99%), and Germany ($671k or 27%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$37.5M(17.7%)
IMPORT GROWTH (October 2023 - October 2024)$13.4M(20.8%)
MAIN EXPORTER (October 2024)Zhejiang Province$64.4M
MAIN DESTINATION (October 2024)United States$33.4M

This section shows Glass Fibers'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 Glass Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.7B
IMPORTS (2022)$643M
NET TRADE (2022)$3.06B

In 2022, China exported $3.7B in Glass Fibers. The main destinations of China exports on Glass Fibers were United States ($458M), India ($317M), South Korea ($283M), Turkey ($189M), and Japan ($189M).

In 2022, China imported $643M in Glass Fibers, mainly from Chinese Taipei ($140M), United States ($98.5M), Japan ($70.7M), Hong Kong ($64.3M), and Malaysia ($60.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Fibers EXPORT MARKETS FOR China WERE (2021 - 2022):
India$125M (65%)
United States$118M (34.8%)
Turkey$35.6M (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Fibers BY China WERE (2021 - 2022):
Hong Kong-$39.2M (-64.1%)
China-$21.6M (-71.6%)
Russia-$17.6M (-15.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Glass Fibers were:
United States $1.32B
Germany $1.06B
In 2022, China's main importing competitors in Glass Fibers were:
United States $1.98B
Germany $1.43B
France $745M

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Trade Value of Glass Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $102M
TOP IMPORT POTENTIALGermany+ $17.3M

Glass Fibers’s highest export potential is India. With an export gap of $102M.   Glass Fibers’s highest import potential is Germany with an import gap of $17.3M.

See methodology.

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