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2022
Exports $110BWorld Rnk 1 / 214
Flag Rnk 6 / 96
2022
Destination $2.72B United States
2021 - 2022
FASTEST GROWING MARKET $2.72BBrazil
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $51.6BWorld Rnk 2 / 225
Flag Rnk 11 / 96
2022
Origin $1.08B South Korea
2021 - 2022
FASTEST GROWING ORIGIN $1.08BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $110B in Organic chemicals, making it the 1st largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 6th most exported product in China. The main destination of Organic chemicals exports from China are: United States ($13B), India ($12.9B), Brazil ($6.98B), South Korea ($6.11B), and Germany ($4.91B).

The fastest growing export markets for Organic chemicals of China between 2021 and 2022 were Brazil ($2.72B), United States ($2.27B), and Singapore ($1.7B).

Imports In 2018, China imported $51.6B 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 ($11.3B), Japan ($4.96B), Saudi Arabia ($4.91B), Chinese Taipei ($4.43B), and United States ($3.98B).

The fastest growing import markets in Organic chemicals for China between 2021 and 2022 were United States ($1.08B), Saudi Arabia ($537M), and Kuwait ($380M).

COMPANIES In 2023, leading companies such as Walmart (1.16k), Asus Computer (818), and Wistron (801) were at the forefront of shipping Organic chemicals from China to the United States.

Latest Trends

May 2024

About

Overview In May 2024 China's Organic chemicals exports accounted up to $7.21B and imports accounted up to $4.03B, resulting in a positive trade balance of $3.19B. Between May 2023 and May 2024 the exports of China's   Organic chemicals have increased by $555M (8.34%) from $6.66B to $7.21B, while imports decreased by $-263M (-6.13%) from $4.29B to $4.03B.

Destinations In May 2024, Organic chemicals were exported mostly to India ($1.02B), United States ($632M), South Korea ($430M), Brazil ($373M), and Singapore ($343M), and were imported mostly from South Korea ($860M), United States ($468M), Japan ($370M), Chinese Taipei ($303M), and Saudi Arabia ($250M).

Growth In May 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to Belgium ($199M or 114%), Singapore ($63.8M or 48.9%), and Switzerland ($28.4M or 22.2%). In May 2024, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-321M or -28.7%), Saudi Arabia ($-247M or -43.6%), and Chinese Taipei ($-235M or -46.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)$555M(8.34%)
IMPORT GROWTH (May 2023 - May 2024)$-263M(-6.13%)
MAIN EXPORTER (May 2024)Jiangsu Province$1.53B
MAIN DESTINATION (May 2024)India$1.02B

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 (2022)$110B
IMPORTS (2022)$51.6B
NET TRADE (2022)$58.6B

In 2022, China exported $110B in Organic chemicals. The main destinations of China exports on Organic chemicals were United States ($13B), India ($12.9B), Brazil ($6.98B), South Korea ($6.11B), and Germany ($4.91B).

In 2022, China imported $51.6B in Organic chemicals, mainly from South Korea ($11.3B), Japan ($4.96B), Saudi Arabia ($4.91B), Chinese Taipei ($4.43B), and United States ($3.98B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR China WERE (2021 - 2022):
Brazil$2.72B (63.7%)
United States$2.27B (21.2%)
Singapore$1.7B (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY China WERE (2021 - 2022):
Iran-$128M (-27.5%)
Ukraine-$86.7M (-33.8%)
Aruba-$29.3M (-99.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Organic chemicals were:
United States $51.7B
Ireland $45.7B
In 2022, China's main importing competitors in Organic chemicals were:
United States $68.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.83B
TOP IMPORT POTENTIALIndia+ $1.74B

Organic chemicals’s highest export potential is India. With an export gap of $3.83B.   Organic chemicals’s highest import potential is India with an import gap of $1.74B.

See methodology.

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