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2022
Exports $9.64MWorld Rnk 41 / 148
Flag Rnk 1093 / 1216
2022
Destination $2.39M Philippines
2021 - 2022
FASTEST GROWING MARKET $2.39MPhilippines
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $890MWorld Rnk 4 / 220
Flag Rnk 239 / 1212
2022
Origin $236M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $236MNew Zealand
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $9.64M in Butter, making it the 41st largest exporter of Butter in the world. At the same year, Butter was the 1093rd most exported product in China. The main destination of Butter exports from China are: Philippines ($5.57M), Hong Kong ($1.27M), North Korea ($1.18M), Guatemala ($602k), and Denmark ($152k).

The fastest growing export markets for Butter of China between 2021 and 2022 were Philippines ($2.39M), North Korea ($529k), and Hong Kong ($264k).

Imports In 2022, China imported $890M in Butter, becoming the 4th largest importer of Butter in the world. At the same year, Butter was the 239th most imported product in China. China imports Butter primarily from: New Zealand ($763M), France ($45.3M), Belgium ($21.1M), Netherlands ($16.4M), and Australia ($11.2M).

The fastest growing import markets in Butter for China between 2021 and 2022 were New Zealand ($236M), France ($8.48M), and Belgium ($6.21M).

COMPANIES In 2023, leading companies such as Coaster Fine Furniture (3), Mahle Behr (3), and Walgreens (2) were at the forefront of shipping Butter from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Butter exports accounted up to $830k and imports accounted up to $62.6M, resulting in a negative trade balance of $61.8M. Between October 2023 and October 2024 the exports of China's   Butter have increased by $466k (128%) from $364k to $830k, while imports increased by $14.2M (29.3%) from $48.4M to $62.6M.

Destinations In October 2024, Butter were exported mostly to Philippines ($480k), Bahrain ($184k), Mongolia ($88.8k), Hong Kong ($62.8k), and South Korea ($14.6k), and were imported mostly from New Zealand ($45.3M), France ($5.84M), Netherlands ($4.59M), Belgium ($2.6M), and Germany ($1.22M).

Growth In October 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to North Korea ($365k or 168%). In October 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from Belgium ($1.95M or 482%), France ($605k or 26.8%), and Ireland ($433k or 139%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$466k(128%)
IMPORT GROWTH (October 2023 - October 2024)$14.2M(29.3%)
MAIN EXPORTER (October 2024)Jiangsu Province$2.39M
MAIN DESTINATION (October 2024)Philippines$480k

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.64M
IMPORTS (2022)$890M
NET TRADE (2022)-$880M

In 2022, China exported $9.64M in Butter. The main destinations of China exports on Butter were Philippines ($5.57M), Hong Kong ($1.27M), North Korea ($1.18M), Guatemala ($602k), and Denmark ($152k).

In 2022, China imported $890M in Butter, mainly from New Zealand ($763M), France ($45.3M), Belgium ($21.1M), Netherlands ($16.4M), and Australia ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR China WERE (2021 - 2022):
Philippines$2.39M (75%)
North Korea$529k (81.6%)
Hong Kong$264k (26.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY China WERE (2021 - 2022):
Bangladesh-$605k (-100%)
Netherlands-$330k (-79.7%)
South Korea-$171k (-55.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, China's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $562k
TOP IMPORT POTENTIALNetherlands+ $17.8M

Butter’s highest export potential is Hong Kong. With an export gap of $562k.   Butter’s highest import potential is Netherlands with an import gap of $17.8M.

See methodology.

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