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2022
Exports $50.2MWorld Rnk 4 / 130
Flag Rnk 953 / 1216
2022
Destination $1.31M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.31MVietnam
2022
PRODUCT COMPLEXITY IN Agglomerated Cork-0.17Rnk 605 / 1025
2022
Imports $27.7MWorld Rnk 8 / 200
Flag Rnk 881 / 1212
2022
Origin $1.7M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $1.7MZambia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $50.2M in Agglomerated Cork, making it the 4th largest exporter of Agglomerated Cork in the world. At the same year, Agglomerated Cork was the 953rd most exported product in China. The main destination of Agglomerated Cork exports from China are: Vietnam ($7.6M), Germany ($5.95M), United States ($5.17M), Japan ($4.24M), and United Kingdom ($1.69M).

The fastest growing export markets for Agglomerated Cork of China between 2021 and 2022 were Vietnam ($1.31M), Germany ($1.18M), and Indonesia ($613k).

Imports In 2022, China imported $27.7M in Agglomerated Cork, becoming the 8th largest importer of Agglomerated Cork in the world. At the same year, Agglomerated Cork was the 881st most imported product in China. China imports Agglomerated Cork primarily from: Portugal ($19.1M), France ($2.02M), Zambia ($1.7M), Italy ($1.44M), and Spain ($1.09M).

The fastest growing import markets in Agglomerated Cork for China between 2021 and 2022 were Zambia ($1.7M), Italy ($281k), and United Arab Emirates ($116k).

COMPANIES In 2023, leading companies such as IKEA Group (48), CrimsonLogic (2), and Walgreens (1) were at the forefront of shipping Agglomerated Cork from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Agglomerated Cork exports accounted up to $2.93M and imports accounted up to $1.02M, resulting in a positive trade balance of $1.91M. Between July 2023 and July 2024 the exports of China's   Agglomerated Cork have increased by $220k (8.1%) from $2.71M to $2.93M, while imports decreased by $-1.29M (-56%) from $2.31M to $1.02M.

Destinations In July 2024, Agglomerated Cork were exported mostly to Vietnam ($887k), United States ($735k), Germany ($202k), Russia ($130k), and United Kingdom ($96.4k), and were imported mostly from Portugal ($823k), Spain ($89k), Germany ($65.7k), United Kingdom ($14k), and Vietnam ($9.51k).

Growth In July 2024, the increase in Agglomerated Cork's year-by-year exports was explained primarily by an increase in exports to Portugal ($25.1k or 740%), United Kingdom ($20.4k or 38.5%), and Switzerland ($20.3k or 67.7k%). In July 2024, the decrease in Agglomerated Cork's year-by-year imports was explained primarily by a decrease in imports from Spain ($-126k or -63.2%), China ($-7.25k or -82.3%), and United States ($-3.52k or -37%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$220k(8.1%)
IMPORT GROWTH (July 2023 - July 2024)$-1.29M(-56%)
MAIN EXPORTER (July 2024)Zhejiang Province$1.8M
MAIN DESTINATION (July 2024)Vietnam$887k

This section shows Agglomerated Cork'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 Agglomerated Cork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.2M
IMPORTS (2022)$27.7M
NET TRADE (2022)$22.5M

In 2022, China exported $50.2M in Agglomerated Cork. The main destinations of China exports on Agglomerated Cork were Vietnam ($7.6M), Germany ($5.95M), United States ($5.17M), Japan ($4.24M), and United Kingdom ($1.69M).

In 2022, China imported $27.7M in Agglomerated Cork, mainly from Portugal ($19.1M), France ($2.02M), Zambia ($1.7M), Italy ($1.44M), and Spain ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Agglomerated Cork EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$1.31M (20.8%)
Germany$1.18M (24.9%)
Indonesia$613k (92.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Agglomerated Cork BY China WERE (2021 - 2022):
United States-$6.78M (-56.7%)
Russia-$560k (-34.7%)
Saudi Arabia-$521k (-71.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Agglomerated Cork were:
Portugal $607M
Spain $203M
France $74.1M
In 2022, China's main importing competitors in Agglomerated Cork were:
France $203M
Italy $138M
United States $130M

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Trade Value of Agglomerated Cork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.35M
TOP IMPORT POTENTIALSpain+ $987k

Agglomerated Cork’s highest export potential is United States. With an export gap of $1.35M.   Agglomerated Cork’s highest import potential is Spain with an import gap of $987k.

See methodology.

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