Laboratory Reagents in China 2021 Exports | Imports : $4.42B | $2.81B, World Rnk 3 / 210 Rnk 142 / 1215 | World Rnk 4 / 226 Rnk 116 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $768M | $99.7M, Germany | United States
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Laboratory Reagents: 1.49, Rnk 51 / 1024
Exports In 2021, China exported $4.42B in Laboratory Reagents, making it the 3rd largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 142nd most exported product in China. The main destination of Laboratory Reagents exports from China are: Germany ($874M), United States ($560M), Hong Kong ($272M), Thailand ($228M), and Netherlands ($141M).
The fastest growing export markets for Laboratory Reagents of China between 2020 and 2021 were Germany ($768M), Thailand ($195M), and United States ($172M).
Imports In 2021, China imported $2.81B in Laboratory Reagents, becoming the 4th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 116th most imported product in China. China imports Laboratory Reagents primarily from: United States ($1.11B), Germany ($340M), Japan ($303M), Singapore ($262M), and United Kingdom ($145M).
The fastest growing import markets in Laboratory Reagents for China between 2020 and 2021 were United States ($99.7M), Singapore ($90.6M), and Germany ($86M).
June 2023
Overview In June 2023 China's Laboratory Reagents exports accounted up to $131M and imports accounted up to $490M, resulting in a negative trade balance of $358M. Between June 2022 and June 2023 the exports of China's Laboratory Reagents have decreased by $-166M (-55.9%) from $298M to $131M, while imports decreased by $-27.9M (-5.39%) from $518M to $490M.
Destinations In June 2023, Laboratory Reagents were exported mostly to United States ($25.8M), Japan ($8.28M), Russia ($7.12M), India ($5.81M), and South Korea ($5.63M), and were imported mostly from Germany ($149M), United States ($146M), Japan ($33.4M), Ireland ($29.1M), and Singapore ($24.6M).
Growth In June 2023, the decrease in Laboratory Reagents's year-by-year exports was explained primarily by a decrease in exports to Iran ($-5.06M or -98.5%), Indonesia ($-3.27M or -31.1%), and South Africa ($-1.72M or -71.1%). In June 2023, the decrease in Laboratory Reagents's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-393k or -29.5%), Belgium ($-296k or -62.5%), and Norway ($-194k or -21.4%).
EXPORT GROWTH (June 2022 - June 2023): $-166M, (-55.9%)
IMPORT GROWTH (June 2022 - June 2023): $-27.9M, (-5.39%)
MAIN EXPORTER (June 2023): Zhejiang Province, $51.7M
MAIN DESTINATION (June 2023): United States, $25.8M
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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EXPORTS (2021): $4.42B
IMPORTS (2021): $2.81B
NET TRADE (2021): $1.61B
In 2021, China exported $4.42B in Laboratory Reagents. The main destinations of China exports on Laboratory Reagents were Germany ($874M), United States ($560M), Hong Kong ($272M), Thailand ($228M), and Netherlands ($141M).
In 2021, China imported $2.81B in Laboratory Reagents, mainly from United States ($1.11B), Germany ($340M), Japan ($303M), Singapore ($262M), and United Kingdom ($145M).
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Laboratory Reagents were:
In 2021, China's main importing competitors in Laboratory Reagents were:
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