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2022
Exports $71.9BWorld Rnk 17 / 220
Flag Rnk 10 / 21
2022
Destination $3.92B Hong Kong
2021 - 2022
FASTEST GROWING MARKET $3.92BHong Kong
2022
PRODUCT COMPLEXITY IN Mineral Products0.48Rnk 371 / 1025
2022
Imports $623BWorld Rnk 1 / 226
Flag Rnk 1 / 21
2022
Origin $25.9B Australia
2021 - 2022
FASTEST GROWING ORIGIN $25.9BRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $71.9B in Mineral Products, making it the 17th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 10th most exported product in China. The main destination of Mineral Products exports from China are: Hong Kong ($11.1B), Singapore ($8.73B), Japan ($4.29B), Liberia ($3.22B), and Netherlands ($3.09B).

The fastest growing export markets for Mineral Products of China between 2021 and 2022 were Hong Kong ($3.92B), Singapore ($3.15B), and Netherlands ($2.35B).

Imports In 2022, China imported $623B in Mineral Products, becoming the 1st largest importer of Mineral Products in the world. At the same year, Mineral Products was the 1st most imported product in China. China imports Mineral Products primarily from: Australia ($101B), Russia ($77.5B), Saudi Arabia ($57.8B), Brazil ($36.3B), and Iraq ($34B).

The fastest growing import markets in Mineral Products for China between 2021 and 2022 were Russia ($25.9B), Saudi Arabia ($17.5B), and Iraq ($10.7B).

COMPANIES In 2023, leading companies such as Fuyao Glass (741), 99 Cents Only Stores (660), and IKEA Group (604) were at the forefront of shipping Mineral Products from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Mineral Products exports accounted up to $4.28B and imports accounted up to $59.2B, resulting in a negative trade balance of $54.9B. Between October 2023 and October 2024 the exports of China's   Mineral Products have decreased by $-1.42B (-24.9%) from $5.7B to $4.28B, while imports decreased by $-7.98B (-11.9%) from $67.2B to $59.2B.

Destinations In October 2024, Mineral Products were exported mostly to Hong Kong ($869M), Singapore ($503M), Indonesia ($236M), South Korea ($232M), and Japan ($221M), and were imported mostly from Australia ($9.07B), Russia ($8.33B), Malaysia ($4.74B), Brazil ($3.95B), and Saudi Arabia ($3.42B).

Growth In October 2024, the decrease in Mineral Products's year-by-year exports was explained primarily by a decrease in exports to Japan ($-201M or -33.1%), Panama ($-172M or -57.7%), and Spain ($-126M or -97.5%). In October 2024, the decrease in Mineral Products's year-by-year imports was explained primarily by a decrease in imports from Oman ($-1.53B or -42.8%), United States ($-1.4B or -44.1%), and Iraq ($-1.3B or -33%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.42B(-24.9%)
IMPORT GROWTH (October 2023 - October 2024)$-7.98B(-11.9%)
MAIN EXPORTER (October 2024)Beijing$3.2B
MAIN DESTINATION (October 2024)Hong Kong$869M

This section shows Mineral Products'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 Mineral Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.9B
IMPORTS (2022)$623B
NET TRADE (2022)-$551B

In 2022, China exported $71.9B in Mineral Products. The main destinations of China exports on Mineral Products were Hong Kong ($11.1B), Singapore ($8.73B), Japan ($4.29B), Liberia ($3.22B), and Netherlands ($3.09B).

In 2022, China imported $623B in Mineral Products, mainly from Australia ($101B), Russia ($77.5B), Saudi Arabia ($57.8B), Brazil ($36.3B), and Iraq ($34B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR China WERE (2021 - 2022):
Hong Kong$3.92B (54.6%)
Singapore$3.15B (56.6%)
Netherlands$2.35B (317%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY China WERE (2021 - 2022):
Philippines-$782M (-21.7%)
South Korea-$361M (-13.3%)
Chile-$253M (-83.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Mineral Products were:
United States $427B
Russia $319B
Australia $295B
In 2022, China's main importing competitors in Mineral Products were:
United States $329B
India $291B

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.32B
TOP IMPORT POTENTIALRussia+ $30.9B

Mineral Products’s highest export potential is India. With an export gap of $1.32B.   Mineral Products’s highest import potential is Russia with an import gap of $30.9B.

See methodology.

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