Industrial Fatty Acids, Oils and Alcohols in China 2021 Exports | Imports : $8.35B | $4.97B, World Rnk 3 / 213 Rnk 82 / 1215 | World Rnk 5 / 225 Rnk 71 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $390M | $482M, Netherlands | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols: -0.54, Rnk 711 / 1024
Exports In 2021, China exported $8.35B in Industrial Fatty Acids, Oils and Alcohols, making it the 3rd largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 82nd most exported product in China. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from China are: Netherlands ($1.09B), United States ($772M), South Korea ($679M), Japan ($505M), and Vietnam ($362M).
The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of China between 2020 and 2021 were Netherlands ($390M), Belgium ($233M), and South Korea ($218M).
Imports In 2021, China imported $4.97B 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 71st most imported product in China. China imports Industrial Fatty Acids, Oils and Alcohols primarily from: Japan ($1.46B), South Korea ($672M), United States ($641M), Germany ($404M), and Chinese Taipei ($399M).
The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for China between 2020 and 2021 were Japan ($482M), South Korea ($162M), and United States ($124M).
June 2023
Overview In June 2023 China's Industrial Fatty Acids, Oils and Alcohols exports accounted up to $6.37M and imports accounted up to $193M, resulting in a negative trade balance of $186M. Between June 2022 and June 2023 the exports of China's Industrial Fatty Acids, Oils and Alcohols have decreased by $-4.21M (-39.8%) from $10.6M to $6.37M, while imports decreased by $-105M (-35.2%) from $297M to $193M.
Destinations In June 2023, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Russia ($876k), Japan ($702k), Netherlands ($598k), South Korea ($414k), and Vietnam ($409k), and were imported mostly from Indonesia ($148M), Malaysia ($20.6M), Thailand ($5.38M), United States ($3.4M), and South Africa ($3.07M).
Growth In June 2023, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-136k or -74.4%), Pakistan ($-92.6k or -61%), and Russia ($-46.7k or -63.4%). In June 2023, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from France ($-832k or -64.8%), Philippines ($-802k or -39.3%), and United States ($-610k or -25.3%).
EXPORT GROWTH (June 2022 - June 2023): $-4.21M, (-39.8%)
IMPORT GROWTH (June 2022 - June 2023): $-105M, (-35.2%)
MAIN EXPORTER (June 2023): Jiangsu Province, $4.03M
MAIN DESTINATION (June 2023): Russia, $876k
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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EXPORTS (2021): $8.35B
IMPORTS (2021): $4.97B
NET TRADE (2021): $3.39B
In 2021, China exported $8.35B in Industrial Fatty Acids, Oils and Alcohols. The main destinations of China exports on Industrial Fatty Acids, Oils and Alcohols were Netherlands ($1.09B), United States ($772M), South Korea ($679M), Japan ($505M), and Vietnam ($362M).
In 2021, China imported $4.97B in Industrial Fatty Acids, Oils and Alcohols, mainly from Japan ($1.46B), South Korea ($672M), United States ($641M), Germany ($404M), and Chinese Taipei ($399M).
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2021, China's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:
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