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2022
Exports $134MWorld Rnk 7 / 175
Flag Rnk 838 / 1216
2022
Destination $6.36M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $6.36MThailand
2022
PRODUCT COMPLEXITY IN Soups and Broths-0.5Rnk 704 / 1025
2022
Imports $18.5MWorld Rnk 42 / 223
Flag Rnk 938 / 1212
2022
Origin $1.39M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.39MNetherlands
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $134M in Soups and Broths, making it the 7th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 838th most exported product in China. The main destination of Soups and Broths exports from China are: Hong Kong ($34.5M), Japan ($25.2M), Thailand ($10.5M), Indonesia ($6.17M), and Mongolia ($6.08M).

The fastest growing export markets for Soups and Broths of China between 2021 and 2022 were Thailand ($6.36M), Mongolia ($2.8M), and Guatemala ($1.44M).

Imports In 2022, China imported $18.5M in Soups and Broths, becoming the 42nd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 938th most imported product in China. China imports Soups and Broths primarily from: Japan ($4.85M), Netherlands ($2.54M), Spain ($1.54M), Hong Kong ($1.45M), and Chinese Taipei ($1.28M).

The fastest growing import markets in Soups and Broths for China between 2021 and 2022 were Netherlands ($1.39M), Spain ($1.27M), and Japan ($474k).

COMPANIES In 2023, leading companies such as Continental Materials (43), Cloud Network Technology (12), and Electrolux (5) were at the forefront of shipping Soups and Broths from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Soups and Broths exports accounted up to $6.98M and imports accounted up to $769k, resulting in a positive trade balance of $6.21M. Between October 2023 and October 2024 the exports of China's   Soups and Broths have increased by $1.29M (22.6%) from $5.69M to $6.98M, while imports decreased by $-190k (-19.8%) from $959k to $769k.

Destinations In October 2024, Soups and Broths were exported mostly to Hong Kong ($2.87M), Japan ($2.37M), Singapore ($402k), United States ($356k), and South Korea ($166k), and were imported mostly from China ($350k), Japan ($108k), New Zealand ($106k), Singapore ($47.2k), and Spain ($35.1k).

Growth In October 2024, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to Thailand ($2.8M or 21.4k%), Hong Kong ($334k or 12.5%), and Macau ($47.8k or 1.35k%). In October 2024, the decrease in Soups and Broths's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-67.5k or -91.7%), Germany ($-51k or -44%), and Australia ($-23k or -23.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.29M(22.6%)
IMPORT GROWTH (October 2023 - October 2024)$-190k(-19.8%)
MAIN EXPORTER (October 2024)Guangdong Province$2.47M
MAIN DESTINATION (October 2024)Hong Kong$2.87M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$134M
IMPORTS (2022)$18.5M
NET TRADE (2022)$116M

In 2022, China exported $134M in Soups and Broths. The main destinations of China exports on Soups and Broths were Hong Kong ($34.5M), Japan ($25.2M), Thailand ($10.5M), Indonesia ($6.17M), and Mongolia ($6.08M).

In 2022, China imported $18.5M in Soups and Broths, mainly from Japan ($4.85M), Netherlands ($2.54M), Spain ($1.54M), Hong Kong ($1.45M), and Chinese Taipei ($1.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR China WERE (2021 - 2022):
Thailand$6.36M (153%)
Mongolia$2.8M (85.2%)
Guatemala$1.44M (56.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY China WERE (2021 - 2022):
Hong Kong-$14M (-28.9%)
Malaysia-$3.8M (-58.1%)
Canada-$2M (-68.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Soups and Broths were:
United States $701M
Germany $209M
Canada $195M
In 2022, China's main importing competitors in Soups and Broths were:
United States $398M
Mexico $342M
Canada $302M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.36M
TOP IMPORT POTENTIALUnited States+ $1.14M

Soups and Broths’s highest export potential is United States. With an export gap of $7.36M.   Soups and Broths’s highest import potential is United States with an import gap of $1.14M.

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