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2023
Exports $33.9MWorld Rnk 11 / 145
Flag Rnk 987 / 1215
2023
Destination $2.82M Japan
2022 - 2023
FASTEST GROWING MARKET $2.82MJapan
2023
PRODUCT COMPLEXITY IN Buckwheat-1.65Rnk 966 / 1025
2023
Imports $66.6MWorld Rnk 5 / 208
Flag Rnk 713 / 1214
2023
Origin $47M Russia
2022 - 2023
FASTEST GROWING ORIGIN $47MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $33.9M in Buckwheat, making it the 11th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 987th most exported product in China. The main destination of Buckwheat exports from China are: Japan ($11.4M), South Korea ($6.75M), Germany ($2.09M), Canada ($2M), and Vietnam ($1.3M).

The fastest growing export markets for Buckwheat of China between 2022 and 2023 were Japan ($2.82M), Vietnam ($472k), and Chinese Taipei ($219k).

Imports In 2023, China imported $66.6M in Buckwheat, becoming the 5th largest importer of Buckwheat in the world. At the same year, Buckwheat was the 713th most imported product in China. China imports Buckwheat primarily from: Russia ($55.8M), Canada ($4.39M), Bolivia ($3.63M), Hong Kong ($1.82M), and Peru ($501k).

The fastest growing import markets in Buckwheat for China between 2022 and 2023 were Russia ($47M), Hong Kong ($335k), and Canada ($79.4k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (2) were at the forefront of shipping Buckwheat from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Buckwheat exports accounted up to $3.13M and imports accounted up to $3.93M, resulting in a negative trade balance of $798k. Between December 2023 and December 2024 the exports of China's   Buckwheat have increased by $3.72k (0.12%) from $3.13M to $3.13M, while imports decreased by $-7.07M (-64.3%) from $11M to $3.93M.

Destinations In December 2024, Buckwheat were exported mostly to South Korea ($1.32M), Japan ($435k), United States ($209k), Germany ($186k), and Vietnam ($160k), and were imported mostly from Russia ($2.79M), Bolivia ($802k), Canada ($194k), Peru ($144k), and Slovenia ($34).

Growth In December 2024, the increase in Buckwheat's year-by-year exports was explained primarily by an increase in exports to Japan ($233k or 18.8%), Chinese Taipei ($194k or 1.12k%), and Germany ($127k or 112%). In December 2024, the decrease in Buckwheat's year-by-year imports was explained primarily by a decrease in imports from Peru ($-23.2k or -16%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$3.72k(0.12%)
IMPORT GROWTH (December 2023 - December 2024)$-7.07M(-64.3%)
MAIN EXPORTER (December 2024)Liaoning Province$1.62M
MAIN DESTINATION (December 2024)South Korea$1.32M

This section shows Buckwheat'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 Buckwheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$33.9M
IMPORTS (2023)$66.6M
NET TRADE (2023)-$32.6M

In 2023, China exported $33.9M in Buckwheat. The main destinations of China exports on Buckwheat were Japan ($11.4M), South Korea ($6.75M), Germany ($2.09M), Canada ($2M), and Vietnam ($1.3M).

In 2023, China imported $66.6M in Buckwheat, mainly from Russia ($55.8M), Canada ($4.39M), Bolivia ($3.63M), Hong Kong ($1.82M), and Peru ($501k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR China WERE (2022 - 2023):
Japan$2.82M (33%)
Vietnam$472k (56.9%)
Chinese Taipei$219k (64.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY China WERE (2022 - 2023):
Germany-$1.12M (-34.9%)
Philippines-$804k (-95.6%)
Netherlands-$716k (-67.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Buckwheat were:
Poland $159M
Russia $130M
Canada $108M
In 2023, China's main importing competitors in Buckwheat were:
Germany $142M
United States $104M
Spain $75.7M

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Trade Value of Buckwheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.38M
TOP IMPORT POTENTIALRussia+ $2.64M

Buckwheat’s highest export potential is Germany. With an export gap of $1.38M.   Buckwheat’s highest import potential is Russia with an import gap of $2.64M.

See methodology.

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