Sound Recordings in China 2021 Exports | Imports : $101M | $50.4M, World Rnk 7 / 179 Rnk 845 / 1215 | World Rnk 7 / 211 Rnk 793 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $18.6M | $6.49M, Mongolia | Singapore
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Sound Recordings: 0.88, Rnk 214 / 1029
Exports In 2021, China exported $101M in Sound Recordings, making it the 7th largest exporter of Sound Recordings in the world. At the same year, Sound Recordings was the 845th most exported product in China. The main destination of Sound Recordings exports from China are: Mongolia ($22.3M), Thailand ($13.2M), Malaysia ($5.44M), United Kingdom ($4.94M), and Kenya ($4.77M).
The fastest growing export markets for Sound Recordings of China between 2020 and 2021 were Mongolia ($18.6M), Thailand ($12.5M), and Malaysia ($4.7M).
Imports In 2021, China imported $50.4M in Sound Recordings, becoming the 7th largest importer of Sound Recordings in the world. At the same year, Sound Recordings was the 793rd most imported product in China. China imports Sound Recordings primarily from: United States ($11.4M), Singapore ($7.21M), France ($6.88M), Thailand ($3.66M), and Netherlands ($2.62M).
The fastest growing import markets in Sound Recordings for China between 2020 and 2021 were Singapore ($6.49M), Belgium ($1.85M), and United Kingdom ($1.78M).
April 2023
Overview In April 2023 China's Sound Recordings exports accounted up to $3.36B and imports accounted up to $2.03B, resulting in a positive trade balance of $1.33B. Between April 2022 and April 2023 the exports of China's Sound Recordings have increased by $129M (3.99%) from $3.23B to $3.36B, while imports decreased by $-1.09B (-35%) from $3.11B to $2.03B.
Destinations In April 2023, Sound Recordings were exported mostly to Hong Kong ($730M), Vietnam ($429M), Mexico ($385M), India ($360M), and Poland ($324M), and were imported mostly from Vietnam ($868M), Taiwan ($487M), South Korea ($292M), China ($246M), and Japan ($97.6M).
Growth In April 2023, the increase in Sound Recordings's year-by-year exports was explained primarily by an increase in exports to . In April 2023, the decrease in Sound Recordings's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (April 2022 - April 2023): $129M, (3.99%)
IMPORT GROWTH (April 2022 - April 2023): $-1.09B, (-35%)
MAIN EXPORTER (April 2023): Guangdong Province, $1.6B
MAIN DESTINATION (April 2023): Hong Kong, $730M
This section shows Sound Recordings'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 Sound Recordings over time.
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EXPORTS (2021): $101M
IMPORTS (2021): $50.4M
NET TRADE (2021): $50.6M
In 2021, China exported $101M in Sound Recordings. The main destinations of China exports on Sound Recordings were Mongolia ($22.3M), Thailand ($13.2M), Malaysia ($5.44M), United Kingdom ($4.94M), and Kenya ($4.77M).
In 2021, China imported $50.4M in Sound Recordings, mainly from United States ($11.4M), Singapore ($7.21M), France ($6.88M), Thailand ($3.66M), and Netherlands ($2.62M).
THE FASTEST GROWING Sound Recordings EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recordings BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Sound Recordings were:
In 2021, China's main importing competitors in Sound Recordings were:
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