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2022
Exports $248BWorld Rnk 2 / 226
Flag Rnk 5 / 21
2022
Destination $4.46B United States
2021 - 2022
FASTEST GROWING MARKET $4.46BSouth Korea
2022
PRODUCT COMPLEXITY IN Chemical Products2.43Rnk 1 / 1025
2022
Imports $161BWorld Rnk 3 / 226
Flag Rnk 3 / 21
2022
Origin $5.76B United States
2021 - 2022
FASTEST GROWING ORIGIN $5.76BChile
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $248B in Chemical Products, making it the 2nd largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 5th most exported product in China. The main destination of Chemical Products exports from China are: United States ($23.7B), India ($19.1B), South Korea ($17B), Brazil ($14.5B), and Japan ($13.2B).

The fastest growing export markets for Chemical Products of China between 2021 and 2022 were South Korea ($4.46B), Brazil ($4.03B), and United States ($3.05B).

Imports In 2022, China imported $161B in Chemical Products, becoming the 3rd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 3rd most imported product in China. China imports Chemical Products primarily from: United States ($20.3B), South Korea ($20.2B), Japan ($17.2B), Germany ($11.6B), and Chinese Taipei ($8.27B).

The fastest growing import markets in Chemical Products for China between 2021 and 2022 were Chile ($5.76B), United States ($2.6B), and Ireland ($1.86B).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.69k), Walmart (1.35k), and Wistron (1.25k) were at the forefront of shipping Chemical Products from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Chemical Products exports accounted up to $15.5B and imports accounted up to $15B, resulting in a positive trade balance of $481M. Between October 2023 and October 2024 the exports of China's   Chemical Products have increased by $889M (6.08%) from $14.6B to $15.5B, while imports increased by $519M (3.57%) from $14.5B to $15B.

Destinations In October 2024, Chemical Products were exported mostly to United States ($1.43B), India ($1.19B), South Korea ($959M), Brazil ($889M), and Japan ($742M), and were imported mostly from United States ($1.88B), South Korea ($1.79B), Japan ($1.78B), Germany ($1.26B), and France ($876M).

Growth In October 2024, the increase in Chemical Products's year-by-year exports was explained primarily by an increase in exports to Poland ($171M or 91.1%), South Korea ($160M or 9.4%), and Belgium ($103M or 28.4%). In October 2024, the increase in Chemical Products's year-by-year imports was explained primarily by an increase in imports from Chile ($643M or 248%), Germany ($436M or 28.6%), and Canada ($263M or 189%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$889M(6.08%)
IMPORT GROWTH (October 2023 - October 2024)$519M(3.57%)
MAIN EXPORTER (October 2024)Jiangsu Province$2.88B
MAIN DESTINATION (October 2024)United States$1.43B

This section shows Chemical Products'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 Chemical Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$248B
IMPORTS (2022)$161B
NET TRADE (2022)$87.3B

In 2022, China exported $248B in Chemical Products. The main destinations of China exports on Chemical Products were United States ($23.7B), India ($19.1B), South Korea ($17B), Brazil ($14.5B), and Japan ($13.2B).

In 2022, China imported $161B in Chemical Products, mainly from United States ($20.3B), South Korea ($20.2B), Japan ($17.2B), Germany ($11.6B), and Chinese Taipei ($8.27B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$4.46B (35.5%)
Brazil$4.03B (38.5%)
United States$3.05B (14.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY China WERE (2021 - 2022):
Germany-$1.5B (-16%)
Pakistan-$1.46B (-35.5%)
Indonesia-$1.03B (-13.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Chemical Products were:
Germany $249B
United States $237B
In 2022, China's main importing competitors in Chemical Products were:
United States $324B
Germany $172B

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.7B
TOP IMPORT POTENTIALGermany+ $3.13B

Chemical Products’s highest export potential is India. With an export gap of $7.7B.   Chemical Products’s highest import potential is Germany with an import gap of $3.13B.

See methodology.

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