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2022
Exports $2.36BWorld Rnk 1 / 179
Flag Rnk 269 / 1216
2022
Destination $69.1M United States
2021 - 2022
FASTEST GROWING MARKET $69.1MVietnam
2022
PRODUCT COMPLEXITY IN Iron Cloth-0.056Rnk 564 / 1025
2022
Imports $126MWorld Rnk 15 / 221
Flag Rnk 607 / 1212
2022
Origin $11.8M Japan
2021 - 2022
FASTEST GROWING ORIGIN $11.8MJapan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.36B in Iron Cloth, making it the 1st largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 269th most exported product in China. The main destination of Iron Cloth exports from China are: United States ($262M), Vietnam ($113M), India ($89.6M), Australia ($87.7M), and Malaysia ($79.9M).

The fastest growing export markets for Iron Cloth of China between 2021 and 2022 were Vietnam ($69.1M), Nigeria ($35.6M), and India ($33.9M).

Imports In 2022, China imported $126M in Iron Cloth, becoming the 15th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 607th most imported product in China. China imports Iron Cloth primarily from: Japan ($65.8M), Switzerland ($15.8M), United States ($8.81M), Germany ($8.39M), and Chinese Taipei ($7.1M).

The fastest growing import markets in Iron Cloth for China between 2021 and 2022 were Japan ($11.8M), Hong Kong ($4.51M), and United States ($3.95M).

COMPANIES In 2023, leading companies such as Amazon (61), Conair (49), and Costco Wholesale (17) were at the forefront of shipping Iron Cloth from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Iron Cloth exports accounted up to $135M and imports accounted up to $7.77M, resulting in a positive trade balance of $128M. Between October 2023 and October 2024 the exports of China's   Iron Cloth have increased by $30.4M (29%) from $105M to $135M, while imports decreased by $-7.72M (-49.8%) from $15.5M to $7.77M.

Destinations In October 2024, Iron Cloth were exported mostly to United States ($16.9M), Australia ($8.38M), Japan ($5.67M), Philippines ($4.74M), and Belgium ($4.42M), and were imported mostly from Japan ($4.67M), Switzerland ($959k), Germany ($878k), Chinese Taipei ($225k), and United States ($220k).

Growth In October 2024, the increase in Iron Cloth's year-by-year exports was explained primarily by an increase in exports to Philippines ($33.3M or 422%), Thailand ($14.5M or 291%), and Vietnam ($8.89M or 377%). In October 2024, the decrease in Iron Cloth's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.21M or -18%), Belgium ($-437k or -65.5%), and South Korea ($-371k or -80.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$30.4M(29%)
IMPORT GROWTH (October 2023 - October 2024)$-7.72M(-49.8%)
MAIN EXPORTER (October 2024)Hebei Province$64.1M
MAIN DESTINATION (October 2024)United States$16.9M

This section shows Iron Cloth'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 Iron Cloth over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.36B
IMPORTS (2022)$126M
NET TRADE (2022)$2.24B

In 2022, China exported $2.36B in Iron Cloth. The main destinations of China exports on Iron Cloth were United States ($262M), Vietnam ($113M), India ($89.6M), Australia ($87.7M), and Malaysia ($79.9M).

In 2022, China imported $126M in Iron Cloth, mainly from Japan ($65.8M), Switzerland ($15.8M), United States ($8.81M), Germany ($8.39M), and Chinese Taipei ($7.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$69.1M (158%)
Nigeria$35.6M (97.2%)
India$33.9M (60.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY China WERE (2021 - 2022):
Philippines-$82.8M (-53.9%)
Chile-$11.9M (-25.7%)
Spain-$5.87M (-22.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Cloth were:
Italy $728M
Germany $681M
In 2022, China's main importing competitors in Iron Cloth were:
Germany $818M
France $786M
United States $772M

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.6M
TOP IMPORT POTENTIALGermany+ $5.92M

Iron Cloth’s highest export potential is United States. With an export gap of $32.6M.   Iron Cloth’s highest import potential is Germany with an import gap of $5.92M.

See methodology.

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