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2022
Exports $20.4BWorld Rnk 1 / 221
Flag Rnk 17 / 21
2022
Destination $97.4M United States
2021 - 2022
FASTEST GROWING MARKET $97.4MSingapore
2022
PRODUCT COMPLEXITY IN Wood Products0.3Rnk 451 / 1025
2022
Imports $18.1BWorld Rnk 2 / 226
Flag Rnk 14 / 21
2022
Origin $689M Russia
2021 - 2022
FASTEST GROWING ORIGIN $689MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $20.4B in Wood Products, making it the 1st largest exporter of Wood Products in the world. At the same year, Wood Products was the 17th most exported product in China. The main destination of Wood Products exports from China are: United States ($3.99B), Japan ($1.68B), United Kingdom ($1.09B), Germany ($935M), and Australia ($874M).

The fastest growing export markets for Wood Products of China between 2021 and 2022 were Singapore ($97.4M), Germany ($93.8M), and Italy ($85.6M).

Imports In 2022, China imported $18.1B in Wood Products, becoming the 2nd largest importer of Wood Products in the world. At the same year, Wood Products was the 14th most imported product in China. China imports Wood Products primarily from: Russia ($3.19B), Vietnam ($2.14B), New Zealand ($2.06B), United States ($1.7B), and Thailand ($1.19B).

The fastest growing import markets in Wood Products for China between 2021 and 2022 were Vietnam ($689M), Papua New Guinea ($144M), and Laos ($86M).

COMPANIES In 2023, leading companies such as CrimsonLogic (2.19k), IKEA Group (1.16k), and Itourscm (651) were at the forefront of shipping Wood Products from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Wood Products exports accounted up to $1.53B and imports accounted up to $1.33B, resulting in a positive trade balance of $204M. Between November 2023 and November 2024 the exports of China's   Wood Products have increased by $76.3M (5.24%) from $1.45B to $1.53B, while imports decreased by $-70.2M (-5.02%) from $1.4B to $1.33B.

Destinations In November 2024, Wood Products were exported mostly to United States ($297M), Japan ($105M), United Kingdom ($80.6M), Australia ($68.1M), and Vietnam ($66.7M), and were imported mostly from Russia ($214M), New Zealand ($204M), Vietnam ($178M), Thailand ($107M), and United States ($101M).

Growth In November 2024, the increase in Wood Products's year-by-year exports was explained primarily by an increase in exports to Nigeria ($28M or 347%), Singapore ($9.12M or 107%), and Jordan ($4.07M or 151%). In November 2024, the decrease in Wood Products's year-by-year imports was explained primarily by a decrease in imports from Russia ($-76.4M or -27.3%), Thailand ($-63.5M or -50.5%), and Germany ($-61.5M or -35.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$76.3M(5.24%)
IMPORT GROWTH (November 2023 - November 2024)$-70.2M(-5.02%)
MAIN EXPORTER (November 2024)Shandong Province$348M
MAIN DESTINATION (November 2024)United States$297M

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.4B
IMPORTS (2022)$18.1B
NET TRADE (2022)$2.33B

In 2022, China exported $20.4B in Wood Products. The main destinations of China exports on Wood Products were United States ($3.99B), Japan ($1.68B), United Kingdom ($1.09B), Germany ($935M), and Australia ($874M).

In 2022, China imported $18.1B in Wood Products, mainly from Russia ($3.19B), Vietnam ($2.14B), New Zealand ($2.06B), United States ($1.7B), and Thailand ($1.19B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$97.4M (93.3%)
Germany$93.8M (11.2%)
Italy$85.6M (32.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY China WERE (2021 - 2022):
Vietnam-$146M (-16.1%)
United Kingdom-$142M (-11.5%)
Nigeria-$136M (-36.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Wood Products were:
Canada $20.1B
Germany $13B
In 2022, China's main importing competitors in Wood Products were:
United States $35.3B
Germany $11.9B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $220M
TOP IMPORT POTENTIALRussia+ $531M

Wood Products’s highest export potential is Japan. With an export gap of $220M.   Wood Products’s highest import potential is Russia with an import gap of $531M.

See methodology.

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