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2022
Exports $5.45BWorld Rnk 1 / 145
Flag Rnk 132 / 1216
2022
Destination $135M United States
2021 - 2022
FASTEST GROWING MARKET $135MUnited States
2022
PRODUCT COMPLEXITY IN Carboxylic Acids0.82Rnk 239 / 1025
2022
Imports $265MWorld Rnk 16 / 203
Flag Rnk 468 / 1212
2022
Origin $7.09M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $7.09MSwitzerland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.45B in Carboxylic Acids, making it the 1st largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 132nd most exported product in China. The main destination of Carboxylic Acids exports from China are: United States ($529M), India ($458M), Japan ($319M), Russia ($230M), and Mexico ($230M).

The fastest growing export markets for Carboxylic Acids of China between 2021 and 2022 were United States ($135M), Mexico ($102M), and Russia ($90M).

Imports In 2022, China imported $265M in Carboxylic Acids, becoming the 16th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 468th most imported product in China. China imports Carboxylic Acids primarily from: Singapore ($43.7M), South Korea ($38.5M), Japan ($27.6M), Switzerland ($24.8M), and Chinese Taipei ($24.6M).

The fastest growing import markets in Carboxylic Acids for China between 2021 and 2022 were Switzerland ($7.09M), Singapore ($6.36M), and Thailand ($4.98M).

COMPANIES In 2023, leading companies such as Walmart (154), Teknor Apex (72), and IKEA Group (37) were at the forefront of shipping Carboxylic Acids from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Carboxylic Acids exports accounted up to $293M and imports accounted up to $24.3M, resulting in a positive trade balance of $268M. Between November 2023 and November 2024 the exports of China's   Carboxylic Acids have increased by $35.6M (13.9%) from $257M to $293M, while imports decreased by $-3.1M (-11.3%) from $27.4M to $24.3M.

Destinations In November 2024, Carboxylic Acids were exported mostly to India ($36.5M), United States ($25.6M), Brazil ($16M), Japan ($14.7M), and Netherlands ($14.5M), and were imported mostly from Germany ($4.78M), Italy ($3.54M), Japan ($3.05M), Singapore ($2.7M), and India ($2.53M).

Growth In November 2024, the increase in Carboxylic Acids's year-by-year exports was explained primarily by an increase in exports to India ($4.55M or 12.3%), Kazakhstan ($3.27M or 633%), and Other ($2.09M or 282%). In November 2024, the decrease in Carboxylic Acids's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-3.92M or -78.5%), Chinese Taipei ($-3.55M or -77.4%), and Austria ($-2.48M or -96.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$35.6M(13.9%)
IMPORT GROWTH (November 2023 - November 2024)$-3.1M(-11.3%)
MAIN EXPORTER (November 2024)Shandong Province$117M
MAIN DESTINATION (November 2024)India$36.5M

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.45B
IMPORTS (2022)$265M
NET TRADE (2022)$5.18B

In 2022, China exported $5.45B in Carboxylic Acids. The main destinations of China exports on Carboxylic Acids were United States ($529M), India ($458M), Japan ($319M), Russia ($230M), and Mexico ($230M).

In 2022, China imported $265M in Carboxylic Acids, mainly from Singapore ($43.7M), South Korea ($38.5M), Japan ($27.6M), Switzerland ($24.8M), and Chinese Taipei ($24.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$135M (34.3%)
Mexico$102M (79.6%)
Russia$90M (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY China WERE (2021 - 2022):
Bahrain-$3.16M (-51%)
Laos-$2.4M (-89.2%)
Lithuania-$1.24M (-33.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Carboxylic Acids were:
India $776M
Germany $731M
In 2022, China's main importing competitors in Carboxylic Acids were:
United States $1.67B
Germany $898M
India $642M

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $164M
TOP IMPORT POTENTIALIndia+ $22M

Carboxylic Acids’s highest export potential is India. With an export gap of $164M.   Carboxylic Acids’s highest import potential is India with an import gap of $22M.

See methodology.

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