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2022
Exports $248MWorld Rnk 4 / 105
Flag Rnk 716 / 1216
2022
Destination $7.66M South Korea
2021 - 2022
FASTEST GROWING MARKET $7.66MGermany
2022
PRODUCT COMPLEXITY IN Iron Powder0.78Rnk 252 / 1025
2022
Imports $296MWorld Rnk 3 / 176
Flag Rnk 455 / 1212
2022
Origin $5.89M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $5.89MBelgium
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $248M in Iron Powder, making it the 4th largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 716th most exported product in China. The main destination of Iron Powder exports from China are: South Korea ($34.5M), Chinese Taipei ($29M), Japan ($28.1M), Germany ($26.6M), and India ($17.5M).

The fastest growing export markets for Iron Powder of China between 2021 and 2022 were Germany ($7.66M), United States ($5.07M), and India ($2.63M).

Imports In 2022, China imported $296M in Iron Powder, becoming the 3rd largest importer of Iron Powder in the world. At the same year, Iron Powder was the 455th most imported product in China. China imports Iron Powder primarily from: Sweden ($74.5M), Japan ($69.6M), United States ($32.5M), Germany ($21.8M), and Belgium ($16.4M).

The fastest growing import markets in Iron Powder for China between 2021 and 2022 were Belgium ($5.89M), Chinese Taipei ($3.63M), and Canada ($2.78M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) were at the forefront of shipping Iron Powder from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Iron Powder exports accounted up to $17.3M and imports accounted up to $26.7M, resulting in a negative trade balance of $9.38M. Between July 2023 and July 2024 the exports of China's   Iron Powder have increased by $472k (2.81%) from $16.8M to $17.3M, while imports increased by $6.88M (34.7%) from $19.8M to $26.7M.

Destinations In July 2024, Iron Powder were exported mostly to South Korea ($3.54M), Chinese Taipei ($1.6M), India ($1.4M), Vietnam ($1.23M), and United States ($1.12M), and were imported mostly from Sweden ($7.98M), Japan ($6.48M), United States ($2.87M), Canada ($2.3M), and Belgium ($1.93M).

Growth In July 2024, the increase in Iron Powder's year-by-year exports was explained primarily by an increase in exports to United States ($669k or 204%), India ($658k or 74.5%), and Germany ($621k or 76%). In July 2024, the increase in Iron Powder's year-by-year imports was explained primarily by an increase in imports from Germany ($1.57M or 115%), United Kingdom ($677k or 163%), and United States ($560k or 24.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$472k(2.81%)
IMPORT GROWTH (July 2023 - July 2024)$6.88M(34.7%)
MAIN EXPORTER (July 2024)Guangdong Province$6.6M
MAIN DESTINATION (July 2024)South Korea$3.54M

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$248M
IMPORTS (2022)$296M
NET TRADE (2022)-$47.6M

In 2022, China exported $248M in Iron Powder. The main destinations of China exports on Iron Powder were South Korea ($34.5M), Chinese Taipei ($29M), Japan ($28.1M), Germany ($26.6M), and India ($17.5M).

In 2022, China imported $296M in Iron Powder, mainly from Sweden ($74.5M), Japan ($69.6M), United States ($32.5M), Germany ($21.8M), and Belgium ($16.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR China WERE (2021 - 2022):
Germany$7.66M (40.5%)
United States$5.07M (47.8%)
India$2.63M (17.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY China WERE (2021 - 2022):
Japan-$4.16M (-12.9%)
Thailand-$1.98M (-28.1%)
Italy-$1.18M (-46.2%)
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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 Powder were:
Sweden $492M
Germany $267M
Japan $257M
In 2022, China's main importing competitors in Iron Powder were:
United States $313M
Germany $312M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.1M
TOP IMPORT POTENTIALIndia+ $7.3M

Iron Powder’s highest export potential is India. With an export gap of $10.1M.   Iron Powder’s highest import potential is India with an import gap of $7.3M.

See methodology.

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