HS Icon Laboratory Reagents in  Flag China

2021
Exports | Imports
: $4.42B | $2.81B, World Rnk 3 / 210
Flag Rnk 142 / 1215 | World Rnk 4 / 226
Flag 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
: 1.44, Rnk 67 / 1029

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).

Tariffs In 2018, the average tariff for China in Laboratory Reagents was 3.49%. The countries with the highest import tariffs for Laboratory Reagents were Burkina Faso (Most Favoured Nation duty rate treatment, 4.5%), Botswana (Most Favoured Nation duty rate treatment, 4.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 4.5%), Cameroon (Most Favoured Nation duty rate treatment, 4.5%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 4.5%).

March 2023

Subnational Monthly Trade

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EXPORT GROWTH (March 2022 - March 2023): $-2.17B, (-94.2%)

IMPORT GROWTH (March 2022 - March 2023): $-14.9M, (-2.92%)

MAIN EXPORTER (March 2023): Guangdong Province, $41.9M

MAIN DESTINATION (March 2023): United States, $31M

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

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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).

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Flow

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):

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Market Concentration

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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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