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2022
Exports $33.1MWorld Rnk 11 / 145
Flag Rnk 997 / 1216
2022
Destination $1.1M Japan
2021 - 2022
FASTEST GROWING MARKET $1.1MJapan
2022
PRODUCT COMPLEXITY IN Buckwheat-1.6Rnk 959 / 1025
2022
Imports $21.3MWorld Rnk 13 / 210
Flag Rnk 915 / 1212
2022
Origin $508k Russia
2021 - 2022
FASTEST GROWING ORIGIN $508kHong Kong
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $33.1M in Buckwheat, making it the 11th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 997th most exported product in China. The main destination of Buckwheat exports from China are: Japan ($8.88M), South Korea ($6.85M), Germany ($2.7M), Spain ($1.45M), and Canada ($1.39M).

The fastest growing export markets for Buckwheat of China between 2021 and 2022 were Japan ($1.1M), Philippines ($700k), and Australia ($398k).

Imports In 2022, China imported $21.3M in Buckwheat, becoming the 13th largest importer of Buckwheat in the world. At the same year, Buckwheat was the 915th most imported product in China. China imports Buckwheat primarily from: Russia ($7.83M), Bolivia ($4.21M), Canada ($4.19M), Peru ($1.66M), and Hong Kong ($1.48M).

The fastest growing import markets in Buckwheat for China between 2021 and 2022 were Hong Kong ($508k), United States ($275k), and Canada ($238k).

COMPANIES In 2023, leading companies such as Euromarket Designs (5), Walgreens (3), and Wismettac Asian Foods (3) were at the forefront of shipping Buckwheat from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Buckwheat exports accounted up to $2.42M and imports accounted up to $4.91M, resulting in a negative trade balance of $2.49M. Between October 2023 and October 2024 the exports of China's   Buckwheat have decreased by $-93.2k (-3.71%) from $2.51M to $2.42M, while imports decreased by $-261k (-5.05%) from $5.17M to $4.91M.

Destinations In October 2024, Buckwheat were exported mostly to Japan ($1.09M), South Korea ($749k), Germany ($111k), Hong Kong ($109k), and Vietnam ($78.9k), and were imported mostly from Russia ($4.26M), Bolivia ($501k), and Peru ($145k).

Growth In October 2024, the decrease in Buckwheat's year-by-year exports was explained primarily by a decrease in exports to Italy ($-70.3k or -79%), Netherlands ($-53.9k or -99.5%), and Germany ($-53.3k or -32%). In October 2024, the decrease in Buckwheat's year-by-year imports was explained primarily by a decrease in imports from Bolivia ($-276k or -55.3%) and Peru ($-159k or -52.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-93.2k(-3.71%)
IMPORT GROWTH (October 2023 - October 2024)$-261k(-5.05%)
MAIN EXPORTER (October 2024)Liaoning Province$940k
MAIN DESTINATION (October 2024)Japan$1.09M

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 (2022)$33.1M
IMPORTS (2022)$21.3M
NET TRADE (2022)$11.9M

In 2022, China exported $33.1M in Buckwheat. The main destinations of China exports on Buckwheat were Japan ($8.88M), South Korea ($6.85M), Germany ($2.7M), Spain ($1.45M), and Canada ($1.39M).

In 2022, China imported $21.3M in Buckwheat, mainly from Russia ($7.83M), Bolivia ($4.21M), Canada ($4.19M), Peru ($1.66M), and Hong Kong ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$1.1M (14.1%)
Philippines$700k (715%)
Australia$398k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY China WERE (2021 - 2022):
South Korea-$2.61M (-27.6%)
United Kingdom-$356k (-37.4%)
France-$292k (-29.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Buckwheat were:
Poland $227M
Canada $150M
France $99M
In 2022, China's main importing competitors in Buckwheat were:
Germany $231M
Spain $98M
United States $97.6M

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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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