Styrene Polymers in China 2021 Exports | Imports : $842M | $5.96B, World Rnk 10 / 153 Rnk 439 / 1215 | World Rnk 1 / 208 Rnk 60 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $57.3M | $524M, Vietnam | Chinese Taipei
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Styrene Polymers: 0.7, Rnk 276 / 1029
Exports In 2021, China exported $842M in Styrene Polymers, making it the 10th largest exporter of Styrene Polymers in the world. At the same year, Styrene Polymers was the 439th most exported product in China. The main destination of Styrene Polymers exports from China are: Vietnam ($139M), South Korea ($71.5M), Thailand ($60.3M), Malaysia ($47.8M), and United Arab Emirates ($35.9M).
The fastest growing export markets for Styrene Polymers of China between 2020 and 2021 were Vietnam ($57.3M), Thailand ($26M), and United Arab Emirates ($23.1M).
Imports In 2021, China imported $5.96B in Styrene Polymers, becoming the 1st largest importer of Styrene Polymers in the world. At the same year, Styrene Polymers was the 60th most imported product in China. China imports Styrene Polymers primarily from: Chinese Taipei ($1.98B), South Korea ($1.4B), Malaysia ($569M), Hong Kong ($535M), and Japan ($366M).
The fastest growing import markets in Styrene Polymers for China between 2020 and 2021 were Chinese Taipei ($524M), South Korea ($227M), and Malaysia ($153M).
Tariffs In 2018, the average tariff for China in Styrene Polymers was 5.84%. The countries with the highest import tariffs for Styrene Polymers were Bangladesh (Most Favoured Nation duty rate treatment, 12%), India (Most Favoured Nation duty rate treatment, 12%), Sri Lanka (Most Favoured Nation duty rate treatment, 12%), Hong Kong (Most Favoured Nation duty rate treatment, 9.25%), and Macau (Most Favoured Nation duty rate treatment, 7.6%).
April 2023
Overview In April 2023 China's Styrene Polymers exports accounted up to $96.8M and imports accounted up to $262M, resulting in a negative trade balance of $165M. Between April 2022 and April 2023 the exports of China's Styrene Polymers have increased by $5.45M (5.96%) from $91.4M to $96.8M, while imports decreased by $-248M (-48.6%) from $510M to $262M.
Destinations In April 2023, Styrene Polymers were exported mostly to Vietnam ($15.2M), Thailand ($7.63M), South Korea ($7.24M), Mexico ($5.11M), and Egypt ($3.76M), and were imported mostly from Taiwan ($68.6M), South Korea ($67.3M), Malaysia ($32.5M), Japan ($22.1M), and Hong Kong ($20.4M).
Growth In April 2023, the increase in Styrene Polymers's year-by-year exports was explained primarily by an increase in exports to South Korea ($5.58M or 112%), Vietnam ($4.83M or 46.8%), and Saudi Arabia ($4.53M or 781%). In April 2023, the decrease in Styrene Polymers's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-59M or -27.2%), Singapore ($-11.9M or -67.3%), and Japan ($-10.9M or -29.4%).
EXPORT GROWTH (April 2022 - April 2023): $5.45M, (5.96%)
IMPORT GROWTH (April 2022 - April 2023): $-248M, (-48.6%)
MAIN EXPORTER (April 2023): Zhejiang Province, $30.5M
MAIN DESTINATION (April 2023): Vietnam, $15.2M
This section shows Styrene Polymers'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 Styrene Polymers over time.
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EXPORTS (2021): $842M
IMPORTS (2021): $5.96B
NET TRADE (2021): -$5.12B
In 2021, China exported $842M in Styrene Polymers. The main destinations of China exports on Styrene Polymers were Vietnam ($139M), South Korea ($71.5M), Thailand ($60.3M), Malaysia ($47.8M), and United Arab Emirates ($35.9M).
In 2021, China imported $5.96B in Styrene Polymers, mainly from Chinese Taipei ($1.98B), South Korea ($1.4B), Malaysia ($569M), Hong Kong ($535M), and Japan ($366M).
THE FASTEST GROWING Styrene Polymers EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Styrene Polymers BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Styrene Polymers were:
In 2021, China's main importing competitors in Styrene Polymers were:
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