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2023
Exports $95.6BWorld Rnk 1 / 215
Flag Rnk 5 / 96
2023
Destination $2.84B India
2022 - 2023
FASTEST GROWING MARKET $2.84BSlovenia
2023
PRODUCT COMPLEXITY IN Organic chemicals1.84Rnk 10 / 1025
2023
Imports $45.8BWorld Rnk 2 / 225
Flag Rnk 11 / 96
2023
Origin $304M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $304MTrinidad and Tobago
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $95.6B in Organic chemicals, making it the 1st largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 5th most exported product in China. The main destination of Organic chemicals exports from China are: India ($12.8B), United States ($8.35B), Slovenia ($5.86B), Germany ($4.85B), and Brazil ($4.52B).

The fastest growing export markets for Organic chemicals of China between 2022 and 2023 were Slovenia ($2.84B), Hong Kong ($636M), and Singapore ($591M).

Imports In 2023, China imported $45.8B in Organic chemicals, becoming the 2nd largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 11th most imported product in China. China imports Organic chemicals primarily from: South Korea ($9.64B), Japan ($4.98B), United States ($4.83B), Saudi Arabia ($3.91B), and Chinese Taipei ($3.38B).

The fastest growing import markets in Organic chemicals for China between 2022 and 2023 were Trinidad and Tobago ($304M), Russia ($280M), and Denmark ($229M).

COMPANIES In 2024, leading companies such as IKEA Group (616), Asus Computer (553), and Wistron (428) were at the forefront of shipping Organic chemicals from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Organic chemicals exports accounted up to $7.51B and imports accounted up to $4.37B, resulting in a positive trade balance of $3.14B. Between December 2023 and December 2024 the exports of China's   Organic chemicals have increased by $976M (14.9%) from $6.53B to $7.51B, while imports increased by $388M (9.75%) from $3.98B to $4.37B.

Destinations In December 2024, Organic chemicals were exported mostly to United States ($1.01B), India ($881M), South Korea ($378M), Russia ($316M), and Brazil ($314M), and were imported mostly from South Korea ($1.05B), United States ($461M), Japan ($441M), Saudi Arabia ($289M), and Chinese Taipei ($223M).

Growth In December 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to Vietnam ($88.5M or 68.2%), United Arab Emirates ($67.1M or 105%), and Chinese Taipei ($44.1M or 35.4%). In December 2024, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from South Korea ($124M or 15.5%), United Arab Emirates ($84.6M or 199%), and Ireland ($53.1M or 1.02k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$976M(14.9%)
IMPORT GROWTH (December 2023 - December 2024)$388M(9.75%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$1.01B

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$95.6B
IMPORTS (2023)$45.8B
NET TRADE (2023)$49.8B

In 2023, China exported $95.6B in Organic chemicals. The main destinations of China exports on Organic chemicals were India ($12.8B), United States ($8.35B), Slovenia ($5.86B), Germany ($4.85B), and Brazil ($4.52B).

In 2023, China imported $45.8B in Organic chemicals, mainly from South Korea ($9.64B), Japan ($4.98B), United States ($4.83B), Saudi Arabia ($3.91B), and Chinese Taipei ($3.38B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR China WERE (2022 - 2023):
Slovenia$2.84B (94.2%)
Hong Kong$636M (200%)
Singapore$591M (16.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY China WERE (2022 - 2023):
United States-$5.76B (-40.8%)
Brazil-$2.99B (-39.8%)
Ireland-$2.17B (-47%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Organic chemicals were:
United States $49.5B
Ireland $40.2B
In 2023, China's main importing competitors in Organic chemicals were:
United States $61.7B
Germany $42.6B

Explore Visualizations

Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.83B
N/AN/AN/A

Organic chemicals’s highest export potential is India. With an export gap of $3.83B.   Organic chemicals’s highest import potential is N/A with an import gap of N/A.

See methodology.

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