Raw Aluminium in China 2021 Exports | Imports : $517M | $6.21B, World Rnk 29 / 147 Rnk 555 / 1215 | World Rnk 2 / 181 Rnk 58 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $11.3M | $1.02B, Hong Kong | India
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Raw Aluminium: -1.23, Rnk 892 / 1029
Exports In 2021, China exported $517M in Raw Aluminium, making it the 29th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 555th most exported product in China. The main destination of Raw Aluminium exports from China are: Japan ($254M), Hong Kong ($64.1M), Nigeria ($35.1M), Chinese Taipei ($22.6M), and Vietnam ($11.7M).
The fastest growing export markets for Raw Aluminium of China between 2020 and 2021 were Hong Kong ($11.3M), Nigeria ($9.3M), and Japan ($6.26M).
Imports In 2021, China imported $6.21B in Raw Aluminium, becoming the 2nd largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 58th most imported product in China. China imports Raw Aluminium primarily from: Malaysia ($1.61B), India ($1.26B), Russia ($733M), South Korea ($325M), and Singapore ($308M).
The fastest growing import markets in Raw Aluminium for China between 2020 and 2021 were India ($1.02B), Malaysia ($581M), and Russia ($538M).
Tariffs In 2018, the average tariff for China in Raw Aluminium was 4.67%. The countries with the highest import tariffs for Raw Aluminium were Hong Kong (Most Favoured Nation duty rate treatment, 7%), Burkina Faso (Most Favoured Nation duty rate treatment, 6%), Botswana (Most Favoured Nation duty rate treatment, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6%), and Cameroon (Most Favoured Nation duty rate treatment, 6%).
April 2023
Overview In April 2023 China's Raw Aluminium exports accounted up to $53.3M and imports accounted up to $446M, resulting in a negative trade balance of $393M. Between April 2022 and April 2023 the exports of China's Raw Aluminium have decreased by $-131M (-71.1%) from $184M to $53.3M, while imports increased by $45.9M (11.5%) from $400M to $446M.
Destinations In April 2023, Raw Aluminium were exported mostly to Japan ($25.6M), South Korea ($12.2M), Hong Kong ($4.98M), Malaysia ($2.97M), and Netherlands ($1.44M), and were imported mostly from Russia ($219M), Malaysia ($92.1M), Vietnam ($31.8M), South Korea ($17.4M), and Thailand ($16.8M).
Growth In April 2023, the decrease in Raw Aluminium's year-by-year exports was explained primarily by a decrease in exports to Japan ($-16.7M or -61.9%), Thailand ($-1.05M or -51.5%), and Vietnam ($-471k or -26.5%). In April 2023, the increase in Raw Aluminium's year-by-year imports was explained primarily by an increase in imports from Malaysia ($23.2M or 40.4%), South Korea ($23.2M or 140%), and Nigeria ($12M or 2k%).
EXPORT GROWTH (April 2022 - April 2023): $-131M, (-71.1%)
IMPORT GROWTH (April 2022 - April 2023): $45.9M, (11.5%)
MAIN EXPORTER (April 2023): Guangdong Province, $31.4M
MAIN DESTINATION (April 2023): Japan, $25.6M
This section shows Raw Aluminium'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 Raw Aluminium over time.
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EXPORTS (2021): $517M
IMPORTS (2021): $6.21B
NET TRADE (2021): -$5.69B
In 2021, China exported $517M in Raw Aluminium. The main destinations of China exports on Raw Aluminium were Japan ($254M), Hong Kong ($64.1M), Nigeria ($35.1M), Chinese Taipei ($22.6M), and Vietnam ($11.7M).
In 2021, China imported $6.21B in Raw Aluminium, mainly from Malaysia ($1.61B), India ($1.26B), Russia ($733M), South Korea ($325M), and Singapore ($308M).
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Raw Aluminium were:
In 2021, China's main importing competitors in Raw Aluminium were:
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