Tobacco & substitutes in China 2021 Exports | Imports : $849M | $1.03B, World Rnk 17 / 188 Rnk 83 / 96 | World Rnk 11 / 224 Rnk 73 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $40.8M | $244M, Vietnam | Zimbabwe
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Tobacco & substitutes: -0.74, Rnk 760 / 1029
Exports In 2021, China exported $849M in Tobacco & substitutes, making it the 17th largest exporter of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 83rd most exported product in China. The main destination of Tobacco & substitutes exports from China are: Indonesia ($206M), United Arab Emirates ($78.9M), Vietnam ($76.9M), Hong Kong ($73.7M), and Belgium ($67.4M).
The fastest growing export markets for Tobacco & substitutes of China between 2020 and 2021 were Vietnam ($40.8M), Indonesia ($36.8M), and Singapore ($7.65M).
Imports In 2021, China imported $1.03B in Tobacco & substitutes, becoming the 11th largest importer of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 73rd most imported product in China. China imports Tobacco & substitutes primarily from: Zimbabwe ($281M), Brazil ($183M), United States ($170M), United Arab Emirates ($90.2M), and Hong Kong ($45.4M).
The fastest growing import markets in Tobacco & substitutes for China between 2020 and 2021 were Zimbabwe ($244M), United States ($170M), and United Arab Emirates ($76.3M).
Tariffs In 2018, the average tariff for China in Tobacco & substitutes was 32.7%. The countries with the highest import tariffs for Tobacco & substitutes were Bangladesh (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 36.6%), India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 36.6%), South Korea (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 36.6%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 36.6%), and Pakistan (Preferential tariff for Pakistan, 36.5%).
March 2023
Overview In March 2023 China's Tobacco & substitutes exports accounted up to $760M and imports accounted up to $314M, resulting in a positive trade balance of $446M. Between March 2022 and March 2023 the exports of China's Tobacco & substitutes have increased by $282M (59.1%) from $478M to $760M, while imports increased by $196M (168%) from $117M to $314M.
Destinations In March 2023, Tobacco & substitutes were exported mostly to United States ($184M), United Kingdom ($102M), South Korea ($56.4M), Russia ($37.4M), and Australia ($33.3M), and were imported mostly from Brazil ($181M), United States ($65.5M), Argentina ($19.9M), Indonesia ($10.4M), and South Korea ($9.93M).
Growth In March 2023, the increase in Tobacco & substitutes's year-by-year exports was explained primarily by an increase in exports to United States ($307M or 703k%), United Kingdom ($55.1M or 49k%), and Hong Kong ($31.4M or 1.86k%). In March 2023, the increase in Tobacco & substitutes's year-by-year imports was explained primarily by an increase in imports from Zimbabwe ($34M or 242k%), Zambia ($24.6M or 2.66M%), and United States ($2.74M or 104k%).
EXPORT GROWTH (March 2022 - March 2023): $282M, (59.1%)
IMPORT GROWTH (March 2022 - March 2023): $196M, (168%)
MAIN EXPORTER (March 2023): Guangdong Province, $645M
MAIN DESTINATION (March 2023): United States, $184M
This section shows Tobacco & substitutes'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 Tobacco & substitutes over time.
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EXPORTS (2021): $849M
IMPORTS (2021): $1.03B
NET TRADE (2021): -$180M
In 2021, China exported $849M in Tobacco & substitutes. The main destinations of China exports on Tobacco & substitutes were Indonesia ($206M), United Arab Emirates ($78.9M), Vietnam ($76.9M), Hong Kong ($73.7M), and Belgium ($67.4M).
In 2021, China imported $1.03B in Tobacco & substitutes, mainly from Zimbabwe ($281M), Brazil ($183M), United States ($170M), United Arab Emirates ($90.2M), and Hong Kong ($45.4M).
THE FASTEST GROWING Tobacco & substitutes EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco & substitutes BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Tobacco & substitutes were:
In 2021, China's main importing competitors in Tobacco & substitutes were:
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