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2022
Exports $42.9MWorld Rnk 10 / 152
Flag Rnk 973 / 1216
2022
Destination $1.92M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $1.92MCanada
2022
PRODUCT COMPLEXITY IN Granite-1.39Rnk 929 / 1025
2022
Imports $720MWorld Rnk 1 / 197
Flag Rnk 281 / 1212
2022
Origin $63.6M India
2021 - 2022
FASTEST GROWING ORIGIN $63.6MAngola
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $42.9M in Granite, making it the 10th largest exporter of Granite in the world. At the same year, Granite was the 973rd most exported product in China. The main destination of Granite exports from China are: United Kingdom ($7.23M), Chinese Taipei ($6.41M), South Korea ($4.1M), United States ($3.68M), and Thailand ($2.75M).

The fastest growing export markets for Granite of China between 2021 and 2022 were Canada ($1.92M), Singapore ($1.31M), and United States ($1.03M).

Imports In 2022, China imported $720M in Granite, becoming the 1st largest importer of Granite in the world. At the same year, Granite was the 281st most imported product in China. China imports Granite primarily from: India ($405M), Brazil ($109M), Angola ($89.3M), Norway ($36.3M), and South Africa ($10M).

The fastest growing import markets in Granite for China between 2021 and 2022 were Angola ($63.6M), Turkey ($5.52M), and Iran ($3.89M).

COMPANIES In 2023, leading companies such as Amazon (31), CrimsonLogic (8), and TE Connectivity (5) were at the forefront of shipping Granite from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Granite exports accounted up to $647k and imports accounted up to $61.4M, resulting in a negative trade balance of $60.8M. Between October 2023 and October 2024 the exports of China's   Granite have decreased by $-570k (-46.8%) from $1.22M to $647k, while imports decreased by $-5M (-7.53%) from $66.4M to $61.4M.

Destinations In October 2024, Granite were exported mostly to India ($206k), Chinese Taipei ($106k), South Korea ($84.9k), Australia ($39.1k), and Pakistan ($37.9k), and were imported mostly from India ($28.2M), Brazil ($12.8M), Cambodia ($6.49M), Angola ($2.81M), and Portugal ($2.62M).

Growth In October 2024, the decrease in Granite's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-458k or -41.3%), South Korea ($-284k or -72.5%), and Pakistan ($-163k or -85.6%). In October 2024, the decrease in Granite's year-by-year imports was explained primarily by a decrease in imports from India ($-38.1M or -56.6%), Brazil ($-9.97M or -61.7%), and Norway ($-3.54M or -78.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-570k(-46.8%)
IMPORT GROWTH (October 2023 - October 2024)$-5M(-7.53%)
MAIN EXPORTER (October 2024)Guangdong Province$1.3M
MAIN DESTINATION (October 2024)India$206k

This section shows Granite'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 Granite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$42.9M
IMPORTS (2022)$720M
NET TRADE (2022)-$677M

In 2022, China exported $42.9M in Granite. The main destinations of China exports on Granite were United Kingdom ($7.23M), Chinese Taipei ($6.41M), South Korea ($4.1M), United States ($3.68M), and Thailand ($2.75M).

In 2022, China imported $720M in Granite, mainly from India ($405M), Brazil ($109M), Angola ($89.3M), Norway ($36.3M), and South Africa ($10M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR China WERE (2021 - 2022):
Canada$1.92M (655%)
Singapore$1.31M (201%)
United States$1.03M (38.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY China WERE (2021 - 2022):
Chinese Taipei-$5.95M (-48.1%)
Hong Kong-$4.53M (-69.9%)
Netherlands-$905k (-98.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Granite were:
India $718M
Brazil $173M
Norway $131M
In 2022, China's main importing competitors in Granite were:
Italy $177M
United Kingdom $96.3M

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.04M
TOP IMPORT POTENTIALIndia+ $60.8M

Granite’s highest export potential is Italy. With an export gap of $1.04M.   Granite’s highest import potential is India with an import gap of $60.8M.

See methodology.

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