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2023
Exports $5.08MWorld Rnk 21 / 116
Flag Rnk 1131 / 1215
2023
Destination $359k Japan
2022 - 2023
FASTEST GROWING MARKET $359kThailand
2023
PRODUCT COMPLEXITY IN Peat0.017Rnk 552 / 1025
2023
Imports $109MWorld Rnk 3 / 198
Flag Rnk 618 / 1214
2023
Origin $4.14M Latvia
2022 - 2023
FASTEST GROWING ORIGIN $4.14MEstonia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $5.08M in Peat, making it the 21st largest exporter of Peat in the world. At the same year, Peat was the 1131st most exported product in China. The main destination of Peat exports from China are: Japan ($3.41M), Thailand ($558k), Chinese Taipei ($471k), United Kingdom ($150k), and United Arab Emirates ($75.6k).

The fastest growing export markets for Peat of China between 2022 and 2023 were Thailand ($359k), Italy ($57k), and United Kingdom ($37.5k).

Imports In 2023, China imported $109M in Peat, becoming the 3rd largest importer of Peat in the world. At the same year, Peat was the 618th most imported product in China. China imports Peat primarily from: Latvia ($56.1M), Estonia ($36.7M), Russia ($8.01M), Poland ($3.52M), and Netherlands ($2.74M).

The fastest growing import markets in Peat for China between 2022 and 2023 were Estonia ($4.14M), Belarus ($595k), and Finland ($321k).

COMPANIES In 2024, leading companies such as CrimsonLogic (541), Amazon (105), and Dollarama (15) were at the forefront of shipping Peat from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Peat exports accounted up to $59k and imports accounted up to $17.4M, resulting in a negative trade balance of $17.3M. Between December 2023 and December 2024 the exports of China's   Peat have decreased by $-7.1k (-10.7%) from $66.1k to $59k, while imports increased by $10.7M (161%) from $6.67M to $17.4M.

Destinations In December 2024, Peat were exported mostly to Japan ($59k), and were imported mostly from Latvia ($7.73M), Estonia ($7.06M), Russia ($2.05M), Finland ($441k), and Poland ($77.8k).

Growth In December 2024, the decrease in Peat's year-by-year exports was explained primarily by a decrease in exports to Japan ($-37.5k or -37.1%). In December 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-7.1k(-10.7%)
IMPORT GROWTH (December 2023 - December 2024)$10.7M(161%)
MAIN EXPORTER (December 2024)Liaoning Province$116k
MAIN DESTINATION (December 2024)Japan$59k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.08M
IMPORTS (2023)$109M
NET TRADE (2023)-$104M

In 2023, China exported $5.08M in Peat. The main destinations of China exports on Peat were Japan ($3.41M), Thailand ($558k), Chinese Taipei ($471k), United Kingdom ($150k), and United Arab Emirates ($75.6k).

In 2023, China imported $109M in Peat, mainly from Latvia ($56.1M), Estonia ($36.7M), Russia ($8.01M), Poland ($3.52M), and Netherlands ($2.74M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR China WERE (2022 - 2023):
Thailand$359k (180%)
Italy$57k (676%)
United Kingdom$37.5k (33.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY China WERE (2022 - 2023):
Japan-$1.35M (-28.4%)
South Korea-$246k (-91.1%)
Chinese Taipei-$183k (-28%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Peat were:
Canada $490M
Latvia $310M
Germany $212M
In 2023, China's main importing competitors in Peat were:
United States $493M
Netherlands $163M

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $183k
TOP IMPORT POTENTIALNetherlands+ $1.76M

Peat’s highest export potential is South Korea. With an export gap of $183k.   Peat’s highest import potential is Netherlands with an import gap of $1.76M.

See methodology.

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