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2022
Exports $1.41MWorld Rnk 13 / 70
Flag Rnk 1177 / 1216
2022
Destination $194k South Korea
2021 - 2022
FASTEST GROWING MARKET $194kSenegal
2022
Imports $121MWorld Rnk 1 / 128
Flag Rnk 613 / 1212
2022
Origin $22.9M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $22.9MTurkey
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.41M in Borax, making it the 13th largest exporter of Borax in the world. At the same year, Borax was the 1177th most exported product in China. The main destination of Borax exports from China are: South Korea ($437k), Senegal ($194k), Iraq ($188k), Guinea ($102k), and Vietnam ($80.9k).

The fastest growing export markets for Borax of China between 2021 and 2022 were Senegal ($194k), Iraq ($188k), and South Korea ($97.3k).

Imports In 2022, China imported $121M in Borax, becoming the 1st largest importer of Borax in the world. At the same year, Borax was the 613th most imported product in China. China imports Borax primarily from: Turkey ($112M), Bolivia ($8.19M), Malaysia ($929k), Belgium ($88.4k), and Italy ($34k).

The fastest growing import markets in Borax for China between 2021 and 2022 were Turkey ($22.9M), Malaysia ($639k), and Italy ($33.9k).

Latest Trends

July 2024

About

Overview In July 2024 China's Borax exports accounted up to $72.8k and imports accounted up to $15.9M, resulting in a negative trade balance of $15.8M. Between July 2023 and July 2024 the exports of China's   Borax have increased by $21.1k (40.9%) from $51.7k to $72.8k, while imports increased by $5.64M (55.1%) from $10.2M to $15.9M.

Destinations In July 2024, Borax were exported mostly to South Korea ($46.4k), Vietnam ($24.1k), Guinea ($1.5k), Laos ($890), and Nigeria ($9), and were imported mostly from Turkey ($15M), Bolivia ($871k), and Spain ($7.71k).

Growth In July 2024, the increase in Borax's year-by-year exports was explained primarily by an increase in exports to South Korea ($32.3k or 538%). In July 2024, the increase in Borax's year-by-year imports was explained primarily by an increase in imports from Bolivia ($1.05M or 147%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$21.1k(40.9%)
IMPORT GROWTH (July 2023 - July 2024)$5.64M(55.1%)
MAIN EXPORTER (July 2024)Shanghai Province$173k
MAIN DESTINATION (July 2024)South Korea$46.4k

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.41M
IMPORTS (2022)$121M
NET TRADE (2022)-$120M

In 2022, China exported $1.41M in Borax. The main destinations of China exports on Borax were South Korea ($437k), Senegal ($194k), Iraq ($188k), Guinea ($102k), and Vietnam ($80.9k).

In 2022, China imported $121M in Borax, mainly from Turkey ($112M), Bolivia ($8.19M), Malaysia ($929k), Belgium ($88.4k), and Italy ($34k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borax EXPORT MARKETS FOR China WERE (2021 - 2022):
Senegal$194k (1%)
Iraq$188k (1%)
South Korea$97.3k (28.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borax BY China WERE (2021 - 2022):
Japan-$808k (-95.1%)
Thailand-$142k (-100%)
Nigeria-$102k (-96.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Borax were:
Turkey $271M
Bolivia $80.1M
Argentina $24.4M
In 2022, China's main importing competitors in Borax were:
Brazil $70.4M
India $25.3M

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Trade Value of Borax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $63k
TOP IMPORT POTENTIALBolivia+ $1.03M

Borax’s highest export potential is Russia. With an export gap of $63k.   Borax’s highest import potential is Bolivia with an import gap of $1.03M.

See methodology.

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