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2023
Exports $2.43BWorld Rnk 1 / 180
Flag Rnk 238 / 1215
2023
Destination $34.9M United States
2022 - 2023
FASTEST GROWING MARKET $34.9MSouth Korea
2023
PRODUCT COMPLEXITY IN Umbrellas-0.44Rnk 680 / 1025
2023
Imports $4.62MWorld Rnk 74 / 216
Flag Rnk 1073 / 1214
2023
Origin $327k Germany
2022 - 2023
FASTEST GROWING ORIGIN $327kGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.43B in Umbrellas, making it the 1st largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 238th most exported product in China. The main destination of Umbrellas exports from China are: United States ($478M), Japan ($208M), South Korea ($206M), Germany ($127M), and Mexico ($73.1M).

The fastest growing export markets for Umbrellas of China between 2022 and 2023 were South Korea ($34.9M), Vietnam ($34.3M), and Mexico ($19M).

Imports In 2023, China imported $4.62M in Umbrellas, becoming the 74th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 1073rd most imported product in China. China imports Umbrellas primarily from: Germany ($1.2M), United States ($689k), Cambodia ($645k), Italy ($426k), and France ($398k).

The fastest growing import markets in Umbrellas for China between 2022 and 2023 were Germany ($327k), Vietnam ($191k), and Italy ($88.5k).

COMPANIES In 2024, leading companies such as Amazon (173), Walmart (168), and CrimsonLogic (167) were at the forefront of shipping Umbrellas from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Umbrellas exports accounted up to $264M and imports accounted up to $541k, resulting in a positive trade balance of $263M. Between December 2023 and December 2024 the exports of China's   Umbrellas have increased by $51.2M (24.1%) from $213M to $264M, while imports increased by $218k (67.7%) from $322k to $541k.

Destinations In December 2024, Umbrellas were exported mostly to United States ($56.6M), Germany ($16.6M), Philippines ($11.3M), Japan ($11.2M), and France ($11.1M), and were imported mostly from China ($393k), United Kingdom ($55.1k), Cambodia ($31.5k), Vietnam ($17.3k), and France ($11.9k).

Growth In December 2024, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to Germany ($5.02M or 43.6%), Japan ($4.47M or 24.5%), and India ($3.64M or 45.4%). In December 2024, the increase in Umbrellas's year-by-year imports was explained primarily by an increase in imports from China ($66k or 55.5%), France ($55.9k or 189%), and Italy ($13k or 38.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$51.2M(24.1%)
IMPORT GROWTH (December 2023 - December 2024)$218k(67.7%)
MAIN EXPORTER (December 2024)Zhejiang Province$206M
MAIN DESTINATION (December 2024)United States$56.6M

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 (2023)$2.43B
IMPORTS (2023)$4.62M
NET TRADE (2023)$2.42B

In 2023, China exported $2.43B in Umbrellas. The main destinations of China exports on Umbrellas were United States ($478M), Japan ($208M), South Korea ($206M), Germany ($127M), and Mexico ($73.1M).

In 2023, China imported $4.62M in Umbrellas, mainly from Germany ($1.2M), United States ($689k), Cambodia ($645k), Italy ($426k), and France ($398k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR China WERE (2022 - 2023):
South Korea$34.9M (20.4%)
Vietnam$34.3M (191%)
Mexico$19M (35.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY China WERE (2022 - 2023):
United States-$187M (-28.2%)
Germany-$88.3M (-41.1%)
France-$52.2M (-42.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Umbrellas were:
Germany $61.2M
Cambodia $59.9M
In 2023, China's main importing competitors in Umbrellas were:
United States $501M
Japan $252M
South Korea $212M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $28.1M
N/AN/AN/A

Umbrellas’s highest export potential is India. With an export gap of $28.1M.   Umbrellas’s highest import potential is N/A with an import gap of N/A.

See methodology.

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