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2022
Exports $65.7MWorld Rnk 13 / 89
Flag Rnk 926 / 1216
2022
Destination $24.4M Japan
2021 - 2022
FASTEST GROWING MARKET $24.4MJapan
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $380MWorld Rnk 4 / 144
Flag Rnk 404 / 1212
2022
Origin $47.1M Russia
2021 - 2022
FASTEST GROWING ORIGIN $47.1MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $65.7M in Iron Reductions, making it the 13th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 926th most exported product in China. The main destination of Iron Reductions exports from China are: Japan ($24.8M), South Korea ($8.9M), Thailand ($7.75M), Chinese Taipei ($5.91M), and Malaysia ($5.2M).

The fastest growing export markets for Iron Reductions of China between 2021 and 2022 were Japan ($24.4M), Thailand ($7.75M), and Chinese Taipei ($5.47M).

Imports In 2022, China imported $380M in Iron Reductions, becoming the 4th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 404th most imported product in China. China imports Iron Reductions primarily from: Russia ($251M), United States ($69.5M), United Arab Emirates ($31.3M), Venezuela ($24.1M), and Iran ($1.74M).

The fastest growing import markets in Iron Reductions for China between 2021 and 2022 were United States ($47.1M), United Arab Emirates ($3.37M), and India ($1.1M).

COMPANIES In 2023, leading companies such as Electrolux (6), Apex Tool Group (2), and CrimsonLogic (2) were at the forefront of shipping Iron Reductions from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Iron Reductions exports accounted up to $976k and imports accounted up to $14.7k, resulting in a positive trade balance of $961k. Between September 2023 and September 2024 the exports of China's   Iron Reductions have decreased by $-1.18M (-54.7%) from $2.15M to $976k, while imports increased by $11.8k (407%) from $2.9k to $14.7k.

Destinations In September 2024, Iron Reductions were exported mostly to United States ($405k), Japan ($113k), Philippines ($97.1k), Chinese Taipei ($91.5k), and Thailand ($74.3k), and were imported mostly from Japan ($8.15k), United States ($5.36k), South Korea ($991), China ($184), and India ($29).

Growth In September 2024, the decrease in Iron Reductions's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-110k or -52.4%), Australia ($-11.5k or -19.5%), and Turkey ($-6.58k or -98.7%). In September 2024, the increase in Iron Reductions's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.18M(-54.7%)
IMPORT GROWTH (September 2023 - September 2024)$11.8k(407%)
MAIN EXPORTER (September 2024)Zhejiang Province$11.3M
MAIN DESTINATION (September 2024)United States$405k

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$65.7M
IMPORTS (2022)$380M
NET TRADE (2022)-$314M

In 2022, China exported $65.7M in Iron Reductions. The main destinations of China exports on Iron Reductions were Japan ($24.8M), South Korea ($8.9M), Thailand ($7.75M), Chinese Taipei ($5.91M), and Malaysia ($5.2M).

In 2022, China imported $380M in Iron Reductions, mainly from Russia ($251M), United States ($69.5M), United Arab Emirates ($31.3M), Venezuela ($24.1M), and Iran ($1.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$24.4M (5.07k%)
Thailand$7.75M (144k%)
Chinese Taipei$5.47M (1.25k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY China WERE (2021 - 2022):
Brazil-$152k (-31.5%)
Australia-$130k (-14.9%)
Hong Kong-$81.7k (-99.3%)
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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 Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, China's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $1.79M
TOP IMPORT POTENTIALRussia+ $44.8M

Iron Reductions’s highest export potential is South Korea. With an export gap of $1.79M.   Iron Reductions’s highest import potential is Russia with an import gap of $44.8M.

See methodology.

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