Nitrile Compounds in China 2020 Exports | Imports : $1.15B | $592M, World Rnk 1 / 83 Rnk 317 / 1215 | World Rnk 1 / 166 Rnk 304 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $45.2M | $16.3M, Brazil | Netherlands
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Nitrile Compounds: 0.98, Rnk 181 / 1029
Exports In 2020, China exported $1.15B in Nitrile Compounds, making it the 1st largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 317th most exported product in China. The main destination of Nitrile Compounds exports from China are: India ($291M), Brazil ($154M), United States ($152M), South Korea ($77.5M), and Belgium ($56M).
The fastest growing export markets for Nitrile Compounds of China between 2019 and 2020 were Brazil ($45.2M), South Korea ($21.5M), and Belgium ($18.7M).
Imports In 2020, China imported $592M in Nitrile Compounds, becoming the 1st 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 ($194M), Chinese Taipei ($120M), South Korea ($89.3M), Japan ($77M), and Germany ($55.2M).
The fastest growing import markets in Nitrile Compounds for China between 2019 and 2020 were Netherlands ($16.3M), Japan ($11.6M), and France ($5.92M).
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 treatement, 6.5%), South Korea (Most Favoured Nation duty rate treatement, 6.5%), Pakistan (Most Favoured Nation duty rate treatement, 6.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 6.39%), and Botswana (Most Favoured Nation duty rate treatement, 6.39%).
December 2022
Overview In December 2022 China's Nitrile Compounds exports accounted up to $100M and imports accounted up to $70.3M, resulting in a positive trade balance of $30M. Between December 2021 and December 2022 the exports of China's Nitrile Compounds have decreased by $-62.9M (-38.6%) from $163M to $100M, while imports decreased by $-59.1M (-45.7%) from $129M to $70.3M.
Destinations In December 2022, Nitrile Compounds were exported mostly to India ($31.4M), United States ($15.9M), South Korea ($10.2M), Brazil ($5.01M), and Belgium ($3.24M), and were imported mostly from United States ($47.4M), Japan ($6.97M), India ($5.1M), South Korea ($4.87M), and Germany ($3.12M).
Growth In December 2022, the decrease in Nitrile Compounds's year-by-year exports was explained primarily by a decrease in exports to Australia ($-4.57M or -86.4%), Japan ($-1.58M or -36.2%), and Canada ($-1.15M or -97.3%). In December 2022, the decrease in Nitrile Compounds's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.12M or -74.3%), Taiwan ($-1.56M or -24.8%), and Netherlands ($-141k or -99.9%).
EXPORT GROWTH (December 2021 - December 2022): $-62.9M, (-38.6%)
IMPORT GROWTH (December 2021 - December 2022): $-59.1M, (-45.7%)
MAIN EXPORTER (December 2022): Jiangsu Province, $43.2M
MAIN DESTINATION (December 2022): India, $31.4M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $1.15B
IMPORTS (2020): $592M
NET TRADE (2020): $561M
In 2020, China exported $1.15B in Nitrile Compounds. The main destinations of China exports on Nitrile Compounds were India ($291M), Brazil ($154M), United States ($152M), South Korea ($77.5M), and Belgium ($56M).
In 2020, China imported $592M in Nitrile Compounds, mainly from United States ($194M), Chinese Taipei ($120M), South Korea ($89.3M), Japan ($77M), and Germany ($55.2M).
THE FASTEST GROWING Nitrile Compounds EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Nitrile Compounds were:
In 2020, China's main importing competitors in Nitrile Compounds were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb