Industrial Fatty Acids, Oils and Alcohols in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $15.8B in Industrial Fatty Acids, Oils and Alcohols, making it the 1st largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 49th most exported product in China. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from China are: Netherlands ($2.65B), United Kingdom ($1.62B), South Korea ($919M), Malaysia ($728M), and United States ($726M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of China between 2021 and 2022 were Netherlands ($1.58B), United Kingdom ($1.35B), and Malaysia ($523M).

Imports In 2022, China imported $5.29B in Industrial Fatty Acids, Oils and Alcohols, becoming the 5th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 68th most imported product in China. China imports Industrial Fatty Acids, Oils and Alcohols primarily from: Japan ($1.27B), Chinese Taipei ($656M), South Korea ($653M), United States ($639M), and Germany ($372M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for China between 2021 and 2022 were Chinese Taipei ($255M), Indonesia ($180M), and Thailand ($38.5M).

COMPANIES In 2023, leading companies such as Xerox (11), Dow Chemical (6), and Mystic Apparel (4) were at the forefront of shipping Industrial Fatty Acids, Oils and Alcohols from China to the United States.

Latest Trends

October 2024

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Overview In October 2024 China's Industrial Fatty Acids, Oils and Alcohols exports accounted up to $10.6M and imports accounted up to $260M, resulting in a negative trade balance of $250M. Between October 2023 and October 2024 the exports of China's Industrial Fatty Acids, Oils and Alcohols have increased by $5.77M (119%) from $4.87M to $10.6M, while imports decreased by $-6.47M (-2.42%) from $267M to $260M.

Destinations In October 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Russia ($1.65M), Thailand ($949k), South Korea ($731k), Japan ($632k), and Indonesia ($611k), and were imported mostly from Indonesia ($207M), Malaysia ($26.2M), Thailand ($7.09M), Philippines ($4.12M), and United States ($3.85M).

Growth In October 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($2.35M or 15.6k%), Russia ($1.53M or 5.67k%), and Iran ($173k or 1.11k%). In October 2024, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-2.62M or -6.81%), South Africa ($-2.14M or -52.6%), and United Arab Emirates ($-789k or -90.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$5.77M(119%)

IMPORT GROWTH (October 2023 - October 2024)$-6.47M(-2.42%)

MAIN EXPORTER (October 2024)Jiangsu Province$6.6M

MAIN DESTINATION (October 2024)Russia$1.65M

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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