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2022
Exports $189BWorld Rnk 1 / 226
Flag Rnk 7 / 21
2022
Destination $1.92B United States
2021 - 2022
FASTEST GROWING MARKET $1.92BGermany
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers1.72Rnk 19 / 1025
2022
Imports $90.7BWorld Rnk 2 / 226
Flag Rnk 6 / 21
2022
Origin $2.12B South Korea
2021 - 2022
FASTEST GROWING ORIGIN $2.12BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $189B in Plastics and Rubbers, making it the 1st largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 7th most exported product in China. The main destination of Plastics and Rubbers exports from China are: United States ($31.9B), Vietnam ($8.25B), Japan ($7.5B), Germany ($6.55B), and India ($6.2B).

The fastest growing export markets for Plastics and Rubbers of China between 2021 and 2022 were Germany ($1.92B), Australia ($1.83B), and Russia ($1.69B).

Imports In 2022, China imported $90.7B in Plastics and Rubbers, becoming the 2nd largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 6th most imported product in China. China imports Plastics and Rubbers primarily from: South Korea ($12.9B), Japan ($10.7B), United States ($8.99B), Thailand ($8.34B), and Chinese Taipei ($7.62B).

The fastest growing import markets in Plastics and Rubbers for China between 2021 and 2022 were United States ($2.12B), Saudi Arabia ($1.15B), and Kuwait ($311M).

COMPANIES In 2023, leading companies such as CrimsonLogic (7.36k), Amazon (3.28k), and Direct Link (2.41k) were at the forefront of shipping Plastics and Rubbers from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Plastics and Rubbers exports accounted up to $14.6B and imports accounted up to $6.66B, resulting in a positive trade balance of $7.94B. Between October 2023 and October 2024 the exports of China's   Plastics and Rubbers have increased by $1.79B (14%) from $12.8B to $14.6B, while imports increased by $163M (2.52%) from $6.5B to $6.66B.

Destinations In October 2024, Plastics and Rubbers were exported mostly to United States ($2.13B), Vietnam ($765M), Russia ($654M), India ($554M), and Japan ($522M), and were imported mostly from Japan ($962M), South Korea ($909M), United States ($662M), Thailand ($627M), and Chinese Taipei ($390M).

Growth In October 2024, the increase in Plastics and Rubbers's year-by-year exports was explained primarily by an increase in exports to Singapore ($211M or 124%), Russia ($137M or 31.8%), and India ($120M or 23.6%). In October 2024, the increase in Plastics and Rubbers's year-by-year imports was explained primarily by an increase in imports from Russia ($30.8M or 62.3%), Netherlands ($29.9M or 40.2%), and United States ($17.6M or 2.67%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.79B(14%)
IMPORT GROWTH (October 2023 - October 2024)$163M(2.52%)
MAIN EXPORTER (October 2024)Zhejiang Province$4.02B
MAIN DESTINATION (October 2024)United States$2.13B

This section shows Plastics and Rubbers'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 Plastics and Rubbers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$189B
IMPORTS (2022)$90.7B
NET TRADE (2022)$98.4B

In 2022, China exported $189B in Plastics and Rubbers. The main destinations of China exports on Plastics and Rubbers were United States ($31.9B), Vietnam ($8.25B), Japan ($7.5B), Germany ($6.55B), and India ($6.2B).

In 2022, China imported $90.7B in Plastics and Rubbers, mainly from South Korea ($12.9B), Japan ($10.7B), United States ($8.99B), Thailand ($8.34B), and Chinese Taipei ($7.62B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR China WERE (2021 - 2022):
Germany$1.92B (41.6%)
Australia$1.83B (43.1%)
Russia$1.69B (45.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY China WERE (2021 - 2022):
China-$531M (-31.4%)
Ukraine-$275M (-39.4%)
Sri Lanka-$89.3M (-27.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Plastics and Rubbers were:
United States $110B
Germany $104B
In 2022, China's main importing competitors in Plastics and Rubbers were:
United States $132B
Germany $75.6B

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.6B
TOP IMPORT POTENTIALUnited States+ $1.8B

Plastics and Rubbers’s highest export potential is India. With an export gap of $3.6B.   Plastics and Rubbers’s highest import potential is United States with an import gap of $1.8B.

See methodology.

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