Rubber Belting in China 2021 Exports | Imports : $1.19B | $186M, World Rnk 1 / 205 Rnk 366 / 1215 | World Rnk 7 / 223 Rnk 539 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $29.7M | $14.3M, United States | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Rubber Belting: 0.66, Rnk 297 / 1029
Exports In 2021, China exported $1.19B in Rubber Belting, making it the 1st largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 366th most exported product in China. The main destination of Rubber Belting exports from China are: United States ($115M), Australia ($83.3M), Russia ($55.2M), Vietnam ($51.5M), and Brazil ($50.5M).
The fastest growing export markets for Rubber Belting of China between 2020 and 2021 were United States ($29.7M), Russia ($16.9M), and Brazil ($14.4M).
Imports In 2021, China imported $186M in Rubber Belting, becoming the 7th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 539th most imported product in China. China imports Rubber Belting primarily from: Japan ($53.6M), Germany ($42.2M), Thailand ($17.4M), United States ($10.8M), and Switzerland ($10.5M).
The fastest growing import markets in Rubber Belting for China between 2020 and 2021 were Japan ($14.3M), Germany ($8.13M), and Thailand ($3.6M).
Tariffs In 2018, the average tariff for China in Rubber Belting was 7.08%. The countries with the highest import tariffs for Rubber Belting were Bangladesh (Most Favoured Nation duty rate treatment, 10%), India (Most Favoured Nation duty rate treatment, 9.11%), Sri Lanka (Most Favoured Nation duty rate treatment, 9.11%), Burkina Faso (Most Favoured Nation duty rate treatment, 9%), and Botswana (Most Favoured Nation duty rate treatment, 9%).
February 2023
Overview In February 2023 China's Rubber Belting exports accounted up to $81.6M and imports accounted up to $17.5M, resulting in a positive trade balance of $64.1M. Between February 2022 and February 2023 the exports of China's Rubber Belting have increased by $3.47M (4.45%) from $78.1M to $81.6M, while imports decreased by $-417k (-2.33%) from $17.9M to $17.5M.
Destinations In February 2023, Rubber Belting were exported mostly to United States ($8.43M), Russia ($5.8M), United Arab Emirates ($5.51M), Australia ($5.39M), and Serbia ($4.04M), and were imported mostly from Japan ($5.84M), Germany ($3.42M), Thailand ($1.29M), United Kingdom ($1.18M), and Switzerland ($906k).
Growth In February 2023, the increase in Rubber Belting's year-by-year exports was explained primarily by an increase in exports to Australia ($4.1M or 122%), United Kingdom ($3.12M or 436%), and United States ($3.01M or 27%). In February 2023, the decrease in Rubber Belting's year-by-year imports was explained primarily by a decrease in imports from China ($-244k or -34.9%), Spain ($-222k or -28.4%), and Germany ($-204k or -6.83%).
EXPORT GROWTH (February 2022 - February 2023): $3.47M, (4.45%)
IMPORT GROWTH (February 2022 - February 2023): $-417k, (-2.33%)
MAIN EXPORTER (February 2023): Shandong Province, $23.6M
MAIN DESTINATION (February 2023): United States, $8.43M
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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EXPORTS (2021): $1.19B
IMPORTS (2021): $186M
NET TRADE (2021): $1.01B
In 2021, China exported $1.19B in Rubber Belting. The main destinations of China exports on Rubber Belting were United States ($115M), Australia ($83.3M), Russia ($55.2M), Vietnam ($51.5M), and Brazil ($50.5M).
In 2021, China imported $186M in Rubber Belting, mainly from Japan ($53.6M), Germany ($42.2M), Thailand ($17.4M), United States ($10.8M), and Switzerland ($10.5M).
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Rubber Belting were:
In 2021, China's main importing competitors in Rubber Belting were:
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