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2023
Exports $1.6BWorld Rnk 3 / 201
Flag Rnk 322 / 1215
2023
Destination $69.1M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $69.1MVietnam
2023
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.56Rnk 724 / 1025
2023
Imports $218MWorld Rnk 20 / 226
Flag Rnk 487 / 1214
2023
Origin $6.2M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $6.2MItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.6B in Sauces and Seasonings, making it the 3rd largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 322nd most exported product in China. The main destination of Sauces and Seasonings exports from China are: Hong Kong ($365M), South Korea ($172M), United States ($166M), Vietnam ($87.3M), and Philippines ($61M).

The fastest growing export markets for Sauces and Seasonings of China between 2022 and 2023 were Vietnam ($69.1M), South Korea ($59.4M), and Togo ($7.43M).

Imports In 2023, China imported $218M in Sauces and Seasonings, becoming the 20th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 487th most imported product in China. China imports Sauces and Seasonings primarily from: South Korea ($34.6M), Thailand ($31.8M), Japan ($23.6M), Chinese Taipei ($18.3M), and Hong Kong ($18.2M).

The fastest growing import markets in Sauces and Seasonings for China between 2022 and 2023 were Italy ($6.2M), Chinese Taipei ($4.75M), and Hong Kong ($3.61M).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (31), Acer (23), and IKEA Group (16) were at the forefront of shipping Sauces and Seasonings from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Sauces and Seasonings exports accounted up to $134M and imports accounted up to $26.1M, resulting in a positive trade balance of $107M. Between December 2023 and December 2024 the exports of China's   Sauces and Seasonings have increased by $9.28M (7.46%) from $124M to $134M, while imports increased by $7.35M (39.2%) from $18.8M to $26.1M.

Destinations In December 2024, Sauces and Seasonings were exported mostly to United States ($21.1M), Hong Kong ($17.8M), South Korea ($14.7M), Malaysia ($5.11M), and Nigeria ($5.03M), and were imported mostly from South Korea ($4.72M), Thailand ($3.98M), Italy ($2.86M), Japan ($2.61M), and United States ($2.1M).

Growth In December 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to South Korea ($5.49M or 46%), United States ($3.72M or 33.9%), and Indonesia ($1.76M or 46.5%). In December 2024, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($1.01M or 196%), Singapore ($866k or 121%), and South Korea ($718k or 32.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$9.28M(7.46%)
IMPORT GROWTH (December 2023 - December 2024)$7.35M(39.2%)
MAIN EXPORTER (December 2024)Guangdong Province$45.8M
MAIN DESTINATION (December 2024)United States$21.1M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.6B
IMPORTS (2023)$218M
NET TRADE (2023)$1.38B

In 2023, China exported $1.6B in Sauces and Seasonings. The main destinations of China exports on Sauces and Seasonings were Hong Kong ($365M), South Korea ($172M), United States ($166M), Vietnam ($87.3M), and Philippines ($61M).

In 2023, China imported $218M in Sauces and Seasonings, mainly from South Korea ($34.6M), Thailand ($31.8M), Japan ($23.6M), Chinese Taipei ($18.3M), and Hong Kong ($18.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$69.1M (380%)
South Korea$59.4M (52.8%)
Togo$7.43M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY China WERE (2022 - 2023):
Hong Kong-$30.9M (-7.79%)
Malaysia-$13.6M (-18.9%)
Rwanda-$8.69M (-97.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Sauces and Seasonings were:
United States $2.3B
Italy $1.8B
In 2023, China's main importing competitors in Sauces and Seasonings were:
United States $2.2B
United Kingdom $1.28B
France $1.1B

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $61.4M
TOP IMPORT POTENTIALThailand+ $15M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $61.4M.   Sauces and Seasonings’s highest import potential is Thailand with an import gap of $15M.

See methodology.

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