Nitrile Compounds in China 2021 Exports | Imports : $1.67B | $665M, World Rnk 1 / 91 Rnk 306 / 1215 | World Rnk 3 / 171 Rnk 304 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $207M | $72.5M, South Korea | South Korea
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Nitrile Compounds: 0.99, Rnk 173 / 1029
Exports In 2021, China exported $1.67B in Nitrile Compounds, making it the 1st largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 306th most exported product in China. The main destination of Nitrile Compounds exports from China are: India ($469M), South Korea ($284M), United States ($184M), Brazil ($147M), and Belgium ($66.6M).
The fastest growing export markets for Nitrile Compounds of China between 2020 and 2021 were South Korea ($207M), India ($178M), and United States ($32.1M).
Imports In 2021, China imported $665M in Nitrile Compounds, becoming the 3rd largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 304th most imported product in China. China imports Nitrile Compounds primarily from: United States ($162M), South Korea ($162M), Chinese Taipei ($150M), Netherlands ($68.1M), and Japan ($60.2M).
The fastest growing import markets in Nitrile Compounds for China between 2020 and 2021 were South Korea ($72.5M), Netherlands ($51.4M), and Chinese Taipei ($30.1M).
Tariffs In 2018, the average tariff for China in Nitrile Compounds was 5.09%. The countries with the highest import tariffs for Nitrile Compounds were Georgia (Most Favoured Nation duty rate treatment, 6.5%), South Korea (Most Favoured Nation duty rate treatment, 6.5%), Pakistan (Most Favoured Nation duty rate treatment, 6.5%), Burkina Faso (Most Favoured Nation duty rate treatment, 6.39%), and Botswana (Most Favoured Nation duty rate treatment, 6.39%).
April 2023
Overview In April 2023 China's Nitrile Compounds exports accounted up to $109M and imports accounted up to $36.2M, resulting in a positive trade balance of $73.2M. Between April 2022 and April 2023 the exports of China's Nitrile Compounds have decreased by $-30.8M (-22%) from $140M to $109M, while imports decreased by $-27.4M (-43.1%) from $63.6M to $36.2M.
Destinations In April 2023, Nitrile Compounds were exported mostly to India ($25.5M), South Korea ($15.2M), United States ($13.9M), Belgium ($10.6M), and Germany ($5.29M), and were imported mostly from United States ($14.1M), Japan ($6.21M), India ($5.55M), Taiwan ($4.08M), and South Korea ($3.11M).
Growth In April 2023, the decrease in Nitrile Compounds's year-by-year exports was explained primarily by a decrease in exports to Australia ($-4.57M or -86.4%), Japan ($-1.58M or -36.2%), and Canada ($-1.15M or -97.3%). In April 2023, the decrease in Nitrile Compounds's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.12M or -74.3%), Taiwan ($-385k or -6.1%), and Netherlands ($-141k or -99.9%).
EXPORT GROWTH (April 2022 - April 2023): $-30.8M, (-22%)
IMPORT GROWTH (April 2022 - April 2023): $-27.4M, (-43.1%)
MAIN EXPORTER (April 2023): Jiangsu Province, $49M
MAIN DESTINATION (April 2023): India, $25.5M
This section shows Nitrile Compounds'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 Nitrile Compounds over time.
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EXPORTS (2021): $1.67B
IMPORTS (2021): $665M
NET TRADE (2021): $1.01B
In 2021, China exported $1.67B in Nitrile Compounds. The main destinations of China exports on Nitrile Compounds were India ($469M), South Korea ($284M), United States ($184M), Brazil ($147M), and Belgium ($66.6M).
In 2021, China imported $665M in Nitrile Compounds, mainly from United States ($162M), South Korea ($162M), Chinese Taipei ($150M), Netherlands ($68.1M), and Japan ($60.2M).
THE FASTEST GROWING Nitrile Compounds EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Nitrile Compounds were:
In 2021, China's main importing competitors in Nitrile Compounds were:
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