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2023
Exports $2.03MWorld Rnk 20 / 113
Flag Rnk 1166 / 1215
2023
Destination $261k Germany
2022 - 2023
FASTEST GROWING MARKET $261kGermany
2023
PRODUCT COMPLEXITY IN Linseed-0.87Rnk 800 / 1025
2023
Imports $566MWorld Rnk 1 / 187
Flag Rnk 318 / 1214
2023
Origin $108M Russia
2022 - 2023
FASTEST GROWING ORIGIN $108MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.03M in Linseed, making it the 20th largest exporter of Linseed in the world. At the same year, Linseed was the 1166th most exported product in China. The main destination of Linseed exports from China are: Germany ($746k), United States ($299k), Chinese Taipei ($103k), Malaysia ($99.1k), and South Korea ($96.9k).

The fastest growing export markets for Linseed of China between 2022 and 2023 were Germany ($261k), United States ($178k), and Chinese Taipei ($31.3k).

Imports In 2023, China imported $566M in Linseed, becoming the 1st largest importer of Linseed in the world. At the same year, Linseed was the 318th most imported product in China. China imports Linseed primarily from: Russia ($394M), Kazakhstan ($138M), Canada ($33.9M), Egypt ($249k), and United States ($6.85k).

The fastest growing import markets in Linseed for China between 2022 and 2023 were Russia ($108M), Kazakhstan ($38M), and Canada ($23.6M).

Latest Trends

December 2024

About

Overview In December 2024 China's Linseed exports accounted up to $72.7k and imports accounted up to $39.1M, resulting in a negative trade balance of $39M. Between December 2023 and December 2024 the exports of China's   Linseed have increased by $24k (49.3%) from $48.7k to $72.7k, while imports increased by $6.13M (18.6%) from $33M to $39.1M.

Destinations In December 2024, Linseed were exported mostly to South Korea ($37k), Thailand ($19.4k), Malaysia ($5.94k), Singapore ($4.67k), and Canada ($2.89k), and were imported mostly from Russia ($27.8M), Kazakhstan ($11M), and Canada ($356k).

Growth In December 2024, the increase in Linseed's year-by-year exports was explained primarily by an increase in exports to Thailand ($3.56k or 136%). In December 2024, the increase in Linseed's year-by-year imports was explained primarily by an increase in imports from Russia ($10.5M or 40.3%) and United States ($221 or 5.94%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$24k(49.3%)
IMPORT GROWTH (December 2023 - December 2024)$6.13M(18.6%)
MAIN EXPORTER (December 2024)Gansu Province$85k
MAIN DESTINATION (December 2024)South Korea$37k

This section shows Linseed'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 Linseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.03M
IMPORTS (2023)$566M
NET TRADE (2023)-$564M

In 2023, China exported $2.03M in Linseed. The main destinations of China exports on Linseed were Germany ($746k), United States ($299k), Chinese Taipei ($103k), Malaysia ($99.1k), and South Korea ($96.9k).

In 2023, China imported $566M in Linseed, mainly from Russia ($394M), Kazakhstan ($138M), Canada ($33.9M), Egypt ($249k), and United States ($6.85k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Linseed EXPORT MARKETS FOR China WERE (2022 - 2023):
Germany$261k (53.8%)
United States$178k (148%)
Chinese Taipei$31.3k (43.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Linseed BY China WERE (2022 - 2023):
France-$396k (-84.9%)
Netherlands-$192k (-100%)
South Korea-$155k (-61.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Linseed were:
Russia $646M
Kazakhstan $317M
Canada $164M
In 2023, China's main importing competitors in Linseed were:
Belgium $268M
United States $121M

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Trade Value of Linseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $222k
TOP IMPORT POTENTIALKazakhstan+ $11.7M

Linseed’s highest export potential is United States. With an export gap of $222k.   Linseed’s highest import potential is Kazakhstan with an import gap of $11.7M.

See methodology.

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