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2022
Exports $42.9MWorld Rnk 36 / 155
Flag Rnk 972 / 1216
2022
Destination $1.19M South Korea
2021 - 2022
FASTEST GROWING MARKET $1.19MSouth Korea
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $1.33BWorld Rnk 1 / 219
Flag Rnk 182 / 1212
2022
Origin $250M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $250MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $42.9M in Margarine, making it the 36th largest exporter of Margarine in the world. At the same year, Margarine was the 972nd most exported product in China. The main destination of Margarine exports from China are: South Korea ($11.7M), Hong Kong ($5.2M), United States ($3.18M), Canada ($2.49M), and Philippines ($2.34M).

The fastest growing export markets for Margarine of China between 2021 and 2022 were South Korea ($1.19M), United States ($1.13M), and North Korea ($1.06M).

Imports In 2022, China imported $1.33B in Margarine, becoming the 1st largest importer of Margarine in the world. At the same year, Margarine was the 182nd most imported product in China. China imports Margarine primarily from: Indonesia ($1.21B), Malaysia ($47.3M), Singapore ($37.7M), United States ($10.4M), and Netherlands ($3.79M).

The fastest growing import markets in Margarine for China between 2021 and 2022 were Indonesia ($250M), Singapore ($25.9M), and Malaysia ($4.93M).

COMPANIES In 2023, leading companies such as Conair (10), Mystic Apparel (7), and IKEA Group (7) were at the forefront of shipping Margarine from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Margarine exports accounted up to $8.61M and imports accounted up to $134M, resulting in a negative trade balance of $125M. Between October 2023 and October 2024 the exports of China's   Margarine have increased by $5.24M (156%) from $3.37M to $8.61M, while imports increased by $22.2M (19.9%) from $112M to $134M.

Destinations In October 2024, Margarine were exported mostly to Hong Kong ($1.86M), Netherlands ($1.35M), Italy ($1.12M), South Korea ($681k), and Switzerland ($504k), and were imported mostly from Indonesia ($108M), United States ($9.41M), Australia ($7.29M), Malaysia ($5.53M), and Germany ($1.16M).

Growth In October 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to Philippines ($332k or 592%), Russia ($167k or 421%), and South Korea ($120k or 22.3%). In October 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from United States ($1.56M or 228%), Malaysia ($1.05M or 40.8%), and Australia ($310k or 78.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.24M(156%)
IMPORT GROWTH (October 2023 - October 2024)$22.2M(19.9%)
MAIN EXPORTER (October 2024)Hubei Province$4.07M
MAIN DESTINATION (October 2024)Hong Kong$1.86M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$42.9M
IMPORTS (2022)$1.33B
NET TRADE (2022)-$1.28B

In 2022, China exported $42.9M in Margarine. The main destinations of China exports on Margarine were South Korea ($11.7M), Hong Kong ($5.2M), United States ($3.18M), Canada ($2.49M), and Philippines ($2.34M).

In 2022, China imported $1.33B in Margarine, mainly from Indonesia ($1.21B), Malaysia ($47.3M), Singapore ($37.7M), United States ($10.4M), and Netherlands ($3.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$1.19M (11.4%)
United States$1.13M (55.2%)
North Korea$1.06M (344%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY China WERE (2021 - 2022):
Japan-$1.21M (-57%)
Thailand-$1.05M (-96.5%)
Hong Kong-$791k (-13.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, China's main importing competitors in Margarine were:
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.13M
TOP IMPORT POTENTIALMalaysia+ $29.9M

Margarine’s highest export potential is United States. With an export gap of $2.13M.   Margarine’s highest import potential is Malaysia with an import gap of $29.9M.

See methodology.

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