Borax in China | The Observatory of Economic Complexity

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Exports In 2023, China exported $960k in Borax, making it the 13th largest exporter of Borax in the world. At the same year, Borax was the 1182nd most exported product in China. The main destination of Borax exports from China are: South Korea ($340k), Iraq ($101k), Belgium ($75.7k), Japan ($74.8k), and North Korea ($51k).

The fastest growing export markets for Borax of China between 2022 and 2023 were North Korea ($51k), Vietnam ($39.3k), and Bangladesh ($36.8k).

Imports In 2023, China imported $94.5M in Borax, becoming the 1st largest importer of Borax in the world. At the same year, Borax was the 650th most imported product in China. China imports Borax primarily from: Turkey ($85M), Bolivia ($9.25M), Chile ($156k), Chinese Taipei ($45.6k), and United States ($14.3k).

The fastest growing import markets in Borax for China between 2022 and 2023 were Bolivia ($918k), Chinese Taipei ($38.4k), and Chile ($14.7k).

Latest Trends

December 2024

About

Overview In December 2024 China's Borax exports accounted up to $347k and imports accounted up to $12.5M, resulting in a negative trade balance of $12.2M. Between December 2023 and December 2024 the exports of China's Borax have increased by $287k (478%) from $59.9k to $347k, while imports increased by $1.35M (12.1%) from $11.2M to $12.5M.

Destinations In December 2024, Borax were exported mostly to Russia ($215k), South Korea ($108k), Guinea ($11.9k), Ghana ($5.63k), and Japan ($4k), and were imported mostly from Turkey ($12M) and Bolivia ($494k).

Growth In December 2024, the increase in Borax's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($172k or 35.3k%) and Japan ($130 or 1.37%). In December 2024, the increase in Borax's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$287k(478%)

IMPORT GROWTH (December 2023 - December 2024)$1.35M(12.1%)

MAIN EXPORTER (December 2024)Shanghai Province$173k

MAIN DESTINATION (December 2024)Russia$215k

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$960k

IMPORTS (2023)$94.5M

NET TRADE (2023)-$93.5M

In 2023, China exported $960k in Borax. The main destinations of China exports on Borax were South Korea ($340k), Iraq ($101k), Belgium ($75.7k), Japan ($74.8k), and North Korea ($51k).

In 2023, China imported $94.5M in Borax, mainly from Turkey ($85M), Bolivia ($9.25M), Chile ($156k), Chinese Taipei ($45.6k), and United States ($14.3k).

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