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2023
Exports $1.56BWorld Rnk 1 / 205
Flag Rnk 328 / 1215
2023
Destination $42.1M United States
2022 - 2023
FASTEST GROWING MARKET $42.1MRussia
2023
PRODUCT COMPLEXITY IN Rubber Belting0.51Rnk 368 / 1025
2023
Imports $164MWorld Rnk 12 / 225
Flag Rnk 538 / 1214
2023
Origin $2.8M Japan
2022 - 2023
FASTEST GROWING ORIGIN $2.8MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.56B in Rubber Belting, making it the 1st largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 328th most exported product in China. The main destination of Rubber Belting exports from China are: United States ($145M), Australia ($128M), Russia ($114M), Brazil ($75M), and Indonesia ($56.1M).

The fastest growing export markets for Rubber Belting of China between 2022 and 2023 were Russia ($42.1M), Australia ($24M), and United Arab Emirates ($15.2M).

Imports In 2023, China imported $164M in Rubber Belting, becoming the 12th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 538th most imported product in China. China imports Rubber Belting primarily from: Japan ($50.5M), Germany ($31.9M), United States ($12.1M), Thailand ($12M), and Switzerland ($9.57M).

The fastest growing import markets in Rubber Belting for China between 2022 and 2023 were United States ($2.8M), Sweden ($1.44M), and Vietnam ($1.1M).

COMPANIES In 2024, leading companies such as Schindler Elevators (1.2k), John Deere (120), and CrimsonLogic (50) were at the forefront of shipping Rubber Belting from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Rubber Belting exports accounted up to $164M and imports accounted up to $18.3M, resulting in a positive trade balance of $146M. Between December 2023 and December 2024 the exports of China's   Rubber Belting have increased by $35.3M (27.4%) from $129M to $164M, while imports increased by $120k (0.66%) from $18.2M to $18.3M.

Destinations In December 2024, Rubber Belting were exported mostly to United States ($15.8M), Russia ($14.2M), Guinea ($7.51M), Australia ($7.27M), and Brazil ($6.07M), and were imported mostly from Japan ($7.1M), Germany ($1.78M), United States ($1.45M), Thailand ($1.17M), and United Kingdom ($861k).

Growth In December 2024, the increase in Rubber Belting's year-by-year exports was explained primarily by an increase in exports to United States ($3.48M or 31.2%), Vietnam ($1.85M or 69.5%), and Guinea ($1.82M or 762%). In December 2024, the increase in Rubber Belting's year-by-year imports was explained primarily by an increase in imports from Japan ($1.01M or 28%), China ($447k or 148%), and Spain ($253k or 153%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$35.3M(27.4%)
IMPORT GROWTH (December 2023 - December 2024)$120k(0.66%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$15.8M

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.56B
IMPORTS (2023)$164M
NET TRADE (2023)$1.4B

In 2023, China exported $1.56B in Rubber Belting. The main destinations of China exports on Rubber Belting were United States ($145M), Australia ($128M), Russia ($114M), Brazil ($75M), and Indonesia ($56.1M).

In 2023, China imported $164M in Rubber Belting, mainly from Japan ($50.5M), Germany ($31.9M), United States ($12.1M), Thailand ($12M), and Switzerland ($9.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$42.1M (58.9%)
Australia$24M (23.1%)
United Arab Emirates$15.2M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY China WERE (2022 - 2023):
Netherlands-$18.3M (-33.9%)
Vietnam-$15.3M (-27.5%)
Canada-$13.5M (-25.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Rubber Belting were:
Germany $893M
United States $513M
In 2023, China's main importing competitors in Rubber Belting were:
United States $899M
Germany $512M
Canada $294M

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37M
TOP IMPORT POTENTIALGermany+ $9.22M

Rubber Belting’s highest export potential is United States. With an export gap of $37M.   Rubber Belting’s highest import potential is Germany with an import gap of $9.22M.

See methodology.

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