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2022
Exports $3.07BWorld Rnk 1 / 174
Flag Rnk 220 / 1216
2022
Destination $80.7M United States
2021 - 2022
FASTEST GROWING MARKET $80.7MPhilippines
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $17.8MWorld Rnk 36 / 218
Flag Rnk 941 / 1212
2022
Origin $9.21M United States
2021 - 2022
FASTEST GROWING ORIGIN $9.21MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.07B in Umbrellas, making it the 1st largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 220th most exported product in China. The main destination of Umbrellas exports from China are: United States ($644M), Japan ($190M), South Korea ($185M), Germany ($173M), and Philippines ($157M).

The fastest growing export markets for Umbrellas of China between 2021 and 2022 were Philippines ($80.7M), South Korea ($51.4M), and United States ($46.4M).

Imports In 2022, China imported $17.8M in Umbrellas, becoming the 36th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 941st most imported product in China. China imports Umbrellas primarily from: United States ($9.49M), China ($3.97M), Germany ($1.06M), France ($861k), and United Kingdom ($430k).

The fastest growing import markets in Umbrellas for China between 2021 and 2022 were United States ($9.21M), Australia ($189k), and South Korea ($137k).

COMPANIES In 2023, leading companies such as Itourscm (229), Cinmar (174), and Schindler Elevators (158) were at the forefront of shipping Umbrellas from China to the United States.

Latest Trends

May 2024

About

Overview In May 2024 China's Umbrellas exports accounted up to $275M and imports accounted up to $419k, resulting in a positive trade balance of $275M. Between May 2023 and May 2024 the exports of China's   Umbrellas have increased by $23.5M (9.34%) from $252M to $275M, while imports decreased by $-257k (-38%) from $676k to $419k.

Destinations In May 2024, Umbrellas were exported mostly to United States ($37.4M), South Korea ($29M), Japan ($28M), Thailand ($12M), and India ($11.3M), and were imported mostly from China ($326k), France ($20.8k), Italy ($20.1k), Japan ($18k), and Chinese Taipei ($10.4k).

Growth In May 2024, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to Brazil ($7.54M or 129%), India ($3.31M or 70.7%), and Mexico ($3.2M or 54.6%). In May 2024, the decrease in Umbrellas's year-by-year imports was explained primarily by a decrease in imports from Cambodia ($-184k or -99.5%), China ($-84.5k or -41.5%), and Japan ($-10.8k or -90.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)$23.5M(9.34%)
IMPORT GROWTH (May 2023 - May 2024)$-257k(-38%)
MAIN EXPORTER (May 2024)Zhejiang Province$206M
MAIN DESTINATION (May 2024)United States$37.4M

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.07B
IMPORTS (2022)$17.8M
NET TRADE (2022)$3.06B

In 2022, China exported $3.07B in Umbrellas. The main destinations of China exports on Umbrellas were United States ($644M), Japan ($190M), South Korea ($185M), Germany ($173M), and Philippines ($157M).

In 2022, China imported $17.8M in Umbrellas, mainly from United States ($9.49M), China ($3.97M), Germany ($1.06M), France ($861k), and United Kingdom ($430k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR China WERE (2021 - 2022):
Philippines$80.7M (106%)
South Korea$51.4M (38.4%)
United States$46.4M (7.76%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY China WERE (2021 - 2022):
Germany-$13.5M (-7.22%)
Belgium-$9.9M (-29.1%)
Netherlands-$6.22M (-6.83%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Umbrellas were:
Germany $83.4M
Netherlands $75.5M
In 2022, China's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $28.1M
TOP IMPORT POTENTIALGermany+ $565k

Umbrellas’s highest export potential is India. With an export gap of $28.1M.   Umbrellas’s highest import potential is Germany with an import gap of $565k.

See methodology.

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