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2022
Exports $60.4MWorld Rnk 2 / 112
Flag Rnk 931 / 1216
2022
Destination $5.72M Germany
2021 - 2022
FASTEST GROWING MARKET $5.72MGermany
2022
Imports $30.8MWorld Rnk 3 / 173
Flag Rnk 858 / 1212
2022
Origin $13.7M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $13.7MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $60.4M in Vegetable waxes and beeswax, making it the 2nd largest exporter of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 931st most exported product in China. The main destination of Vegetable waxes and beeswax exports from China are: Germany ($19.8M), United States ($10.6M), France ($4.69M), Netherlands ($3.3M), and Italy ($3.27M).

The fastest growing export markets for Vegetable waxes and beeswax of China between 2021 and 2022 were Germany ($5.72M), United States ($2.56M), and Netherlands ($1.15M).

Imports In 2022, China imported $30.8M in Vegetable waxes and beeswax, becoming the 3rd largest importer of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 858th most imported product in China. China imports Vegetable waxes and beeswax primarily from: Indonesia ($13.9M), Brazil ($10.9M), Japan ($969k), France ($948k), and United States ($832k).

The fastest growing import markets in Vegetable waxes and beeswax for China between 2021 and 2022 were Indonesia ($13.7M), France ($723k), and Mexico ($77.7k).

COMPANIES In 2023, leading companies such as Amazon (7) were at the forefront of shipping Vegetable waxes and beeswax from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Vegetable waxes and beeswax exports accounted up to $4.31M and imports accounted up to $2.69M, resulting in a positive trade balance of $1.63M. Between July 2023 and July 2024 the exports of China's   Vegetable waxes and beeswax have decreased by $-186k (-4.12%) from $4.5M to $4.31M, while imports increased by $706k (35.7%) from $1.98M to $2.69M.

Destinations In July 2024, Vegetable waxes and beeswax were exported mostly to Germany ($1.81M), United States ($863k), France ($436k), Spain ($256k), and Netherlands ($180k), and were imported mostly from Brazil ($2.13M), United States ($106k), Indonesia ($95k), India ($79.7k), and Japan ($75.6k).

Growth In July 2024, the decrease in Vegetable waxes and beeswax's year-by-year exports was explained primarily by a decrease in exports to France ($-785k or -88%), Italy ($-555k or -79.3%), and United States ($-173k or -27%). In July 2024, the increase in Vegetable waxes and beeswax's year-by-year imports was explained primarily by an increase in imports from United States ($33.6k or 307%) and Germany ($4.4k or 32.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-186k(-4.12%)
IMPORT GROWTH (July 2023 - July 2024)$706k(35.7%)
MAIN EXPORTER (July 2024)Henan Province$3.55M
MAIN DESTINATION (July 2024)Germany$1.81M

This section shows Vegetable waxes and beeswax'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 Vegetable waxes and beeswax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$60.4M
IMPORTS (2022)$30.8M
NET TRADE (2022)$29.7M

In 2022, China exported $60.4M in Vegetable waxes and beeswax. The main destinations of China exports on Vegetable waxes and beeswax were Germany ($19.8M), United States ($10.6M), France ($4.69M), Netherlands ($3.3M), and Italy ($3.27M).

In 2022, China imported $30.8M in Vegetable waxes and beeswax, mainly from Indonesia ($13.9M), Brazil ($10.9M), Japan ($969k), France ($948k), and United States ($832k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable waxes and beeswax EXPORT MARKETS FOR China WERE (2021 - 2022):
Germany$5.72M (40.6%)
United States$2.56M (32%)
Netherlands$1.15M (53.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable waxes and beeswax BY China WERE (2021 - 2022):
Italy-$815k (-20%)
United Kingdom-$778k (-23.8%)
South Korea-$340k (-44.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Vegetable waxes and beeswax were:
Brazil $98.5M
Germany $33.7M
In 2022, China's main importing competitors in Vegetable waxes and beeswax were:
United States $62.6M
Germany $59.4M

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Trade Value of Vegetable waxes and beeswax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $753k
TOP IMPORT POTENTIALBrazil+ $1.09M

Vegetable waxes and beeswax’s highest export potential is United States. With an export gap of $753k.   Vegetable waxes and beeswax’s highest import potential is Brazil with an import gap of $1.09M.

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