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2022
Exports $36.3MWorld Rnk 8 / 109
Flag Rnk 991 / 1216
2022
Destination $3.13M Thailand
2021 - 2022
FASTEST GROWING MARKET $3.13MThailand
2022
PRODUCT COMPLEXITY IN Synthetic Tanning Extracts-0.0094Rnk 550 / 1025
2022
Imports $86.5MWorld Rnk 1 / 180
Flag Rnk 682 / 1212
2022
Origin $1.14M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.14MSouth Africa
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $36.3M in Synthetic Tanning Extracts, making it the 8th largest exporter of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 991st most exported product in China. The main destination of Synthetic Tanning Extracts exports from China are: Thailand ($7.32M), Vietnam ($4.25M), South Korea ($2.89M), Pakistan ($2.49M), and Bangladesh ($1.82M).

The fastest growing export markets for Synthetic Tanning Extracts of China between 2021 and 2022 were Thailand ($3.13M), Colombia ($1.06M), and Bangladesh ($782k).

Imports In 2022, China imported $86.5M in Synthetic Tanning Extracts, becoming the 1st largest importer of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 682nd most imported product in China. China imports Synthetic Tanning Extracts primarily from: Italy ($16.1M), India ($13.8M), South Africa ($9.33M), Spain ($8.9M), and Hong Kong ($8.55M).

The fastest growing import markets in Synthetic Tanning Extracts for China between 2021 and 2022 were South Africa ($1.14M), Australia ($812k), and Thailand ($769k).

COMPANIES In 2023, leading companies such as CrimsonLogic (2) were at the forefront of shipping Synthetic Tanning Extracts from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Synthetic Tanning Extracts exports accounted up to $2.28M and imports accounted up to $10.2M, resulting in a negative trade balance of $7.96M. Between July 2023 and July 2024 the exports of China's   Synthetic Tanning Extracts have increased by $184k (8.78%) from $2.1M to $2.28M, while imports decreased by $-1.56M (-13.2%) from $11.8M to $10.2M.

Destinations In July 2024, Synthetic Tanning Extracts were exported mostly to Vietnam ($501k), Pakistan ($456k), Thailand ($189k), Bangladesh ($154k), and Chinese Taipei ($144k), and were imported mostly from Italy ($2.36M), Turkey ($1.64M), India ($1.64M), Spain ($1.21M), and Germany ($726k).

Growth In July 2024, the increase in Synthetic Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to Djibouti ($104k or 659%), Mongolia ($15.5k or 203%), and Turkey ($15.2k or 122%). In July 2024, the decrease in Synthetic Tanning Extracts's year-by-year imports was explained primarily by a decrease in imports from Italy ($-1.4M or -54.1%), India ($-780k or -49.7%), and Germany ($-321k or -31.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$184k(8.78%)
IMPORT GROWTH (July 2023 - July 2024)$-1.56M(-13.2%)
MAIN EXPORTER (July 2024)Jiangsu Province$1.71M
MAIN DESTINATION (July 2024)Vietnam$501k

This section shows Synthetic Tanning Extracts'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 Synthetic Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.3M
IMPORTS (2022)$86.5M
NET TRADE (2022)-$50.2M

In 2022, China exported $36.3M in Synthetic Tanning Extracts. The main destinations of China exports on Synthetic Tanning Extracts were Thailand ($7.32M), Vietnam ($4.25M), South Korea ($2.89M), Pakistan ($2.49M), and Bangladesh ($1.82M).

In 2022, China imported $86.5M in Synthetic Tanning Extracts, mainly from Italy ($16.1M), India ($13.8M), South Africa ($9.33M), Spain ($8.9M), and Hong Kong ($8.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Tanning Extracts EXPORT MARKETS FOR China WERE (2021 - 2022):
Thailand$3.13M (74.6%)
Colombia$1.06M (473%)
Bangladesh$782k (75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Tanning Extracts BY China WERE (2021 - 2022):
Singapore-$945k (-96.6%)
China-$922k (-52.5%)
Egypt-$481k (-80.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Synthetic Tanning Extracts were:
Italy $123M
Germany $86.6M
Spain $66.2M
In 2022, China's main importing competitors in Synthetic Tanning Extracts were:
Italy $56.3M
Brazil $42.3M

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Trade Value of Synthetic Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.66M
TOP IMPORT POTENTIALIndia+ $6.6M

Synthetic Tanning Extracts’s highest export potential is India. With an export gap of $1.66M.   Synthetic Tanning Extracts’s highest import potential is India with an import gap of $6.6M.

See methodology.

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