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Pricing

2022
Exports $983MWorld Rnk 2 / 207
Flag Rnk 438 / 1216
2022
Destination $19.1M United States
2021 - 2022
FASTEST GROWING MARKET $19.1MMexico
2022
PRODUCT COMPLEXITY IN Iron Springs0.94Rnk 195 / 1025
2022
Imports $431MWorld Rnk 4 / 218
Flag Rnk 380 / 1212
2022
Origin $4.33M Germany
2021 - 2022
FASTEST GROWING ORIGIN $4.33MThailand
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $983M in Iron Springs, making it the 2nd largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 438th most exported product in China. The main destination of Iron Springs exports from China are: United States ($146M), Mexico ($74.5M), Vietnam ($62M), Canada ($48.1M), and Malaysia ($44.6M).

The fastest growing export markets for Iron Springs of China between 2021 and 2022 were Mexico ($19.1M), Kyrgyzstan ($9.23M), and Indonesia ($6.1M).

Imports In 2022, China imported $431M in Iron Springs, becoming the 4th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 380th most imported product in China. China imports Iron Springs primarily from: Germany ($131M), Japan ($95M), United States ($32M), South Korea ($25.6M), and Chinese Taipei ($22.3M).

The fastest growing import markets in Iron Springs for China between 2021 and 2022 were Thailand ($4.33M), Hungary ($1.78M), and Netherlands ($569k).

COMPANIES In 2023, leading companies such as Key Tronic (14), Mahle Behr (7), and Schindler Elevators (5) were at the forefront of shipping Iron Springs from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Iron Springs exports accounted up to $79.3M and imports accounted up to $36M, resulting in a positive trade balance of $43.3M. Between October 2023 and October 2024 the exports of China's   Iron Springs have increased by $8.9M (12.6%) from $70.4M to $79.3M, while imports decreased by $-4.2M (-10.4%) from $40.2M to $36M.

Destinations In October 2024, Iron Springs were exported mostly to United States ($8.39M), Vietnam ($5.76M), Russia ($4.63M), Mexico ($4.5M), and Tajikistan ($3.52M), and were imported mostly from Germany ($9.19M), Japan ($7.37M), United States ($4.38M), China ($2.2M), and South Korea ($1.46M).

Growth In October 2024, the increase in Iron Springs's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.69M or 49.6%), Nigeria ($1.61M or 249%), and Russia ($682k or 31.2%). In October 2024, the decrease in Iron Springs's year-by-year imports was explained primarily by a decrease in imports from Japan ($-6.12M or -53.5%), Germany ($-2.37M or -22.4%), and South Korea ($-2.32M or -64.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8.9M(12.6%)
IMPORT GROWTH (October 2023 - October 2024)$-4.2M(-10.4%)
MAIN EXPORTER (October 2024)Zhejiang Province$20.1M
MAIN DESTINATION (October 2024)United States$8.39M

This section shows Iron Springs'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 Springs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$983M
IMPORTS (2022)$431M
NET TRADE (2022)$551M

In 2022, China exported $983M in Iron Springs. The main destinations of China exports on Iron Springs were United States ($146M), Mexico ($74.5M), Vietnam ($62M), Canada ($48.1M), and Malaysia ($44.6M).

In 2022, China imported $431M in Iron Springs, mainly from Germany ($131M), Japan ($95M), United States ($32M), South Korea ($25.6M), and Chinese Taipei ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Springs EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$19.1M (34.4%)
Kyrgyzstan$9.23M (616%)
Indonesia$6.1M (44.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Springs BY China WERE (2021 - 2022):
Kazakhstan-$10.2M (-40.8%)
Thailand-$10.1M (-18.7%)
China-$8.82M (-30.7%)
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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 Springs were:
Germany $1.54B
United States $807M
In 2022, China's main importing competitors in Iron Springs were:
United States $1.43B
Germany $599M
Mexico $584M

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.8M
TOP IMPORT POTENTIALUnited States+ $14.1M

Iron Springs’s highest export potential is United States. With an export gap of $36.8M.   Iron Springs’s highest import potential is United States with an import gap of $14.1M.

See methodology.

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