Other Iron Products in China 2021 Exports | Imports : $15.2B | $2.34B, World Rnk 1 / 223 Rnk 47 / 1215 | World Rnk 6 / 226 Rnk 134 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $793M | $161M, United States | South Korea
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Other Iron Products: 0.88, Rnk 217 / 1029
Exports In 2021, China exported $15.2B in Other Iron Products, making it the 1st largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 47th most exported product in China. The main destination of Other Iron Products exports from China are: United States ($2.52B), Japan ($1.04B), South Korea ($926M), Germany ($746M), and Thailand ($667M).
The fastest growing export markets for Other Iron Products of China between 2020 and 2021 were United States ($793M), South Korea ($338M), and Japan ($238M).
Imports In 2021, China imported $2.34B in Other Iron Products, becoming the 6th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 134th most imported product in China. China imports Other Iron Products primarily from: South Korea ($583M), Japan ($378M), Germany ($371M), United States ($168M), and Chinese Taipei ($163M).
The fastest growing import markets in Other Iron Products for China between 2020 and 2021 were South Korea ($161M), Japan ($68.1M), and Germany ($54.5M).
Tariffs In 2018, the average tariff for China in Other Iron Products was 9.78%. The countries with the highest import tariffs for Other Iron Products were Pakistan (Most Favoured Nation duty rate treatment, 20%), Hong Kong (Most Favoured Nation duty rate treatment, 13.8%), Bangladesh (Most Favoured Nation duty rate treatment, 13.7%), India (Most Favoured Nation duty rate treatment, 13.7%), and Sri Lanka (Most Favoured Nation duty rate treatment, 13.7%).
March 2023
Overview In March 2023 China's Other Iron Products exports accounted up to $1.75B and imports accounted up to $178M, resulting in a positive trade balance of $1.58B. Between March 2022 and March 2023 the exports of China's Other Iron Products have increased by $453M (34.8%) from $1.3B to $1.75B, while imports decreased by $-21.4M (-10.7%) from $200M to $178M.
Destinations In March 2023, Other Iron Products were exported mostly to United States ($325M), South Korea ($111M), Japan ($92.1M), Australia ($90M), and Malaysia ($87.7M), and were imported mostly from Japan ($36.2M), Germany ($29.8M), United States ($23.1M), South Korea ($18.7M), and China ($10.2M).
Growth In March 2023, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to United States ($65.8M or 25%), Japan ($37.9M or 46.1%), and South Korea ($30.7M or 65%). In March 2023, the decrease in Other Iron Products's year-by-year imports was explained primarily by a decrease in imports from Germany ($-2.6M or -8.11%), France ($-1.63M or -21.1%), and Brazil ($-1.23M or -93.7%).
EXPORT GROWTH (March 2022 - March 2023): $453M, (34.8%)
IMPORT GROWTH (March 2022 - March 2023): $-21.4M, (-10.7%)
MAIN EXPORTER (March 2023): Zhejiang Province, $372M
MAIN DESTINATION (March 2023): United States, $325M
This section shows Other Iron 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 Other Iron Products over time.
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EXPORTS (2021): $15.2B
IMPORTS (2021): $2.34B
NET TRADE (2021): $12.9B
In 2021, China exported $15.2B in Other Iron Products. The main destinations of China exports on Other Iron Products were United States ($2.52B), Japan ($1.04B), South Korea ($926M), Germany ($746M), and Thailand ($667M).
In 2021, China imported $2.34B in Other Iron Products, mainly from South Korea ($583M), Japan ($378M), Germany ($371M), United States ($168M), and Chinese Taipei ($163M).
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Other Iron Products were:
In 2021, China's main importing competitors in Other Iron Products were:
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