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Pricing

2022
Exports $145MWorld Rnk 4 / 153
Flag Rnk 832 / 1216
2022
Destination $24.6M Brunei
2021 - 2022
FASTEST GROWING MARKET $24.6MBrunei
2022
PRODUCT COMPLEXITY IN Laboratory Reagents1.53Rnk 45 / 1025
2022
Imports $25.5MWorld Rnk 22 / 180
Flag Rnk 890 / 1212
2022
Origin $232k Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $232kPhilippines
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $145M in Laboratory Reagents, making it the 4th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 832nd most exported product in China. The main destination of Laboratory Reagents exports from China are: Brunei ($28.3M), Philippines ($15.1M), Angola ($15.1M), Chinese Taipei ($11.3M), and Argentina ($11.1M).

The fastest growing export markets for Laboratory Reagents of China between 2021 and 2022 were Brunei ($24.6M), Angola ($7.87M), and Chinese Taipei ($7.76M).

Imports In 2022, China imported $25.5M in Laboratory Reagents, becoming the 22nd largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 890th most imported product in China. China imports Laboratory Reagents primarily from: Chinese Taipei ($22M), Ukraine ($2.41M), Georgia ($761k), Philippines ($246k), and Brunei ($25.4k).

The fastest growing import markets in Laboratory Reagents for China between 2021 and 2022 were Philippines ($232k) and Brunei ($25.4k).

COMPANIES In 2023, leading companies such as Ford Motor Company (29), MerchSource (3), and Walgreens (2) were at the forefront of shipping Laboratory Reagents from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Laboratory Reagents exports accounted up to $165M and imports accounted up to $524M, resulting in a negative trade balance of $359M. Between July 2023 and July 2024 the exports of China's   Laboratory Reagents have increased by $37.3M (29.3%) from $127M to $165M, while imports increased by $67.2M (14.7%) from $457M to $524M.

Destinations In July 2024, Laboratory Reagents were exported mostly to United States ($34.2M), Russia ($10.5M), Japan ($10.4M), India ($8.2M), and Hong Kong ($7.03M), and were imported mostly from Germany ($190M), United States ($150M), Japan ($34M), United Kingdom ($23.9M), and Ireland ($22.7M).

Growth In July 2024, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to Macau ($3.96M or 1.09k%), Japan ($667k or 9.41%), and Algeria ($467k or 101%). In July 2024, the increase in Laboratory Reagents's year-by-year imports was explained primarily by an increase in imports from Germany ($19.6M or 10.7%), France ($5.19M or 50.6%), and United Kingdom ($3.12M or 20.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$37.3M(29.3%)
IMPORT GROWTH (July 2023 - July 2024)$67.2M(14.7%)
MAIN EXPORTER (July 2024)Guangdong Province$54.6M
MAIN DESTINATION (July 2024)United States$34.2M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$145M
IMPORTS (2022)$25.5M
NET TRADE (2022)$119M

In 2022, China exported $145M in Laboratory Reagents. The main destinations of China exports on Laboratory Reagents were Brunei ($28.3M), Philippines ($15.1M), Angola ($15.1M), Chinese Taipei ($11.3M), and Argentina ($11.1M).

In 2022, China imported $25.5M in Laboratory Reagents, mainly from Chinese Taipei ($22M), Ukraine ($2.41M), Georgia ($761k), Philippines ($246k), and Brunei ($25.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR China WERE (2021 - 2022):
Brunei$24.6M (668%)
Angola$7.87M (109%)
Chinese Taipei$7.76M (219%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY China WERE (2021 - 2022):
Germany-$902M (-100%)
United States-$560M (-100%)
Hong Kong-$276M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Laboratory Reagents were:
United States $521M
Chinese Taipei $423M
Germany $163M
In 2022, China's main importing competitors in Laboratory Reagents were:
Chinese Taipei $427M
Philippines $176M
Argentina $174M

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $225M
TOP IMPORT POTENTIALGermany+ $120M

Laboratory Reagents’s highest export potential is Japan. With an export gap of $225M.   Laboratory Reagents’s highest import potential is Germany with an import gap of $120M.

See methodology.

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