Umbrellas in China2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $8.39M | $172k, Vietnam | Germany
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Umbrellas: 0.07, Rnk 532 / 1029
Exports In 2020, China exported $2.04B in Umbrellas, making it the 1st largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 221st most exported product in China. The main destination of Umbrellas exports from China are: United States ($417M), Japan ($179M), Germany ($137M), South Korea ($104M), and France ($75.9M).
The fastest growing export markets for Umbrellas of China between 2019 and 2020 were Vietnam ($8.39M), Belgium ($3.19M), and Indonesia ($2.77M).
The fastest growing import markets in Umbrellas for China between 2019 and 2020 were Germany ($172k), Vietnam ($90.6k), and Hong Kong ($72.9k).
Tariffs In 2018, the average tariff for China in Umbrellas was 8.93%. The countries with the highest import tariffs for Umbrellas were Bangladesh (Most Favoured Nation duty rate treatement, 12%), Burkina Faso (Most Favoured Nation duty rate treatement, 11.3%), Botswana (Most Favoured Nation duty rate treatement, 11.3%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 11.3%), and Cameroon (Most Favoured Nation duty rate treatement, 11.3%).
December 2022
Overview In December 2022 China's Umbrellas exports accounted up to $272M and imports accounted up to $366k, resulting in a positive trade balance of $272M. Between December 2021 and December 2022 the exports of China's Umbrellas have increased by $33.7M (14.2%) from $238M to $272M, while imports decreased by $-60.4k (-14.2%) from $427k to $366k.
Destinations In December 2022, Umbrellas were exported mostly to United States ($47.8M), Philippines ($20.7M), South Korea ($12.9M), Japan ($12.9M), and Brazil ($11.7M), and were imported mostly from China ($181k), Cambodia ($85.7k), Vietnam ($30.7k), Italy ($26.7k), and Japan ($9.48k).
Growth In December 2022, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to United States ($30.1M or 52.1%), France ($10.1M or 80.9%), and Italy ($5.36M or 83.8%). In December 2022, the decrease in Umbrellas's year-by-year imports was explained primarily by a decrease in imports from Italy ($-23.3k or -82%), Germany ($-23.2k or -98.7%), and France ($-2.45k or -85.9%).
EXPORT GROWTH (December 2021 - December 2022): $33.7M, (14.2%)
IMPORT GROWTH (December 2021 - December 2022): $-60.4k, (-14.2%)
MAIN EXPORTER (December 2022): Zhejiang Province, $131M
MAIN DESTINATION (December 2022): United States, $47.8M
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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EXPORTS (2020): $2.04B
In 2020, China exported $2.04B in Umbrellas. The main destinations of China exports on Umbrellas were United States ($417M), Japan ($179M), Germany ($137M), South Korea ($104M), and France ($75.9M).
In N/A, China imported N/A in Umbrellas, mainly from Germany ($865k), Cambodia ($638k), Japan ($622k), United States ($539k), and Italy ($364k).
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Umbrellas were:
In 2020, China's main importing competitors in Umbrellas were:
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