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2022
Exports $5.51BWorld Rnk 1 / 123
Flag Rnk 128 / 1216
2022
Destination $2.59B South Korea
2021 - 2022
FASTEST GROWING MARKET $2.59BSouth Korea
2022
PRODUCT COMPLEXITY IN Inorganic Salts-0.39Rnk 671 / 1025
2022
Imports $856MWorld Rnk 3 / 186
Flag Rnk 248 / 1212
2022
Origin $376M Australia
2021 - 2022
FASTEST GROWING ORIGIN $376MAustralia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.51B in Inorganic Salts, making it the 1st largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 128th most exported product in China. The main destination of Inorganic Salts exports from China are: South Korea ($3.31B), Japan ($1.1B), United States ($234M), India ($104M), and Netherlands ($93.7M).

The fastest growing export markets for Inorganic Salts of China between 2021 and 2022 were South Korea ($2.59B), Japan ($683M), and United States ($63.4M).

Imports In 2022, China imported $856M in Inorganic Salts, becoming the 3rd largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 248th most imported product in China. China imports Inorganic Salts primarily from: Australia ($379M), South Korea ($82.8M), United States ($54.9M), Norway ($47.4M), and Japan ($34.9M).

The fastest growing import markets in Inorganic Salts for China between 2021 and 2022 were Australia ($376M), United States ($32.1M), and China ($28M).

Latest Trends

October 2024

About

Overview In October 2024 China's Inorganic Salts exports accounted up to $188M and imports accounted up to $38.5M, resulting in a positive trade balance of $149M. Between October 2023 and October 2024 the exports of China's   Inorganic Salts have decreased by $-414M (-68.8%) from $602M to $188M, while imports increased by $1.92M (5.25%) from $36.6M to $38.5M.

Destinations In October 2024, Inorganic Salts were exported mostly to South Korea ($114M), Japan ($33.6M), Russia ($9.4M), Netherlands ($5.22M), and Germany ($4.49M), and were imported mostly from United States ($7.82M), Japan ($5.14M), Germany ($4.21M), South Korea ($4.08M), and Norway ($3.95M).

Growth In October 2024, the decrease in Inorganic Salts's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-3.35M or -51.5%), Hong Kong ($-3.18M or -88.3%), and Italy ($-2.73M or -82.5%). In October 2024, the increase in Inorganic Salts's year-by-year imports was explained primarily by an increase in imports from Russia ($5.77M or 424%), Chile ($4.16M or 575%), and Germany ($1.96M or 217%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-414M(-68.8%)
IMPORT GROWTH (October 2023 - October 2024)$1.92M(5.25%)
MAIN EXPORTER (October 2024)Jiangxi Province$133M
MAIN DESTINATION (October 2024)South Korea$114M

This section shows Inorganic Salts'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 Inorganic Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.51B
IMPORTS (2022)$856M
NET TRADE (2022)$4.65B

In 2022, China exported $5.51B in Inorganic Salts. The main destinations of China exports on Inorganic Salts were South Korea ($3.31B), Japan ($1.1B), United States ($234M), India ($104M), and Netherlands ($93.7M).

In 2022, China imported $856M in Inorganic Salts, mainly from Australia ($379M), South Korea ($82.8M), United States ($54.9M), Norway ($47.4M), and Japan ($34.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$2.59B (360%)
Japan$683M (163%)
United States$63.4M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY China WERE (2021 - 2022):
Hong Kong-$23.1M (-67%)
Luxembourg-$6.51M (-88.7%)
Iran-$5.31M (-87.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Inorganic Salts were:
United States $811M
Chile $769M
In 2022, China's main importing competitors in Inorganic Salts were:
South Korea $4.02B
Japan $1.53B

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $93.8M
TOP IMPORT POTENTIALVietnam+ $24.4M

Inorganic Salts’s highest export potential is India. With an export gap of $93.8M.   Inorganic Salts’s highest import potential is Vietnam with an import gap of $24.4M.

See methodology.

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