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2022
Exports $281MWorld Rnk 13 / 186
Flag Rnk 696 / 1216
2022
Destination $31.9M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $31.9MHong Kong
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.5Rnk 703 / 1025
2022
Imports $390MWorld Rnk 5 / 221
Flag Rnk 400 / 1212
2022
Origin $31.4M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $31.4MJapan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $281M in Coffee and Tea Extracts, making it the 13th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 696th most exported product in China. The main destination of Coffee and Tea Extracts exports from China are: Hong Kong ($63.4M), Malaysia ($32.9M), United States ($30.5M), Vietnam ($22.7M), and Chile ($15.1M).

The fastest growing export markets for Coffee and Tea Extracts of China between 2021 and 2022 were Hong Kong ($31.9M), Chile ($14.9M), and Vietnam ($11.8M).

Imports In 2022, China imported $390M in Coffee and Tea Extracts, becoming the 5th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 400th most imported product in China. China imports Coffee and Tea Extracts primarily from: Vietnam ($94.6M), Japan ($94.1M), Malaysia ($76.9M), South Korea ($41.1M), and Netherlands ($12.1M).

The fastest growing import markets in Coffee and Tea Extracts for China between 2021 and 2022 were Japan ($31.4M), Vietnam ($22.5M), and Netherlands ($5.02M).

COMPANIES In 2023, leading companies such as IKEA Group (43), Nissan (35), and Costco Wholesale (24) were at the forefront of shipping Coffee and Tea Extracts from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Coffee and Tea Extracts exports accounted up to $20.8M and imports accounted up to $31.5M, resulting in a negative trade balance of $10.7M. Between October 2023 and October 2024 the exports of China's   Coffee and Tea Extracts have increased by $1.79M (9.44%) from $19M to $20.8M, while imports increased by $6.65M (26.7%) from $24.9M to $31.5M.

Destinations In October 2024, Coffee and Tea Extracts were exported mostly to Malaysia ($4.28M), United States ($2.61M), Philippines ($1.95M), Vietnam ($1.73M), and Indonesia ($1.72M), and were imported mostly from Malaysia ($9.68M), Vietnam ($8.71M), Japan ($3.47M), Netherlands ($1.73M), and South Korea ($1.5M).

Growth In October 2024, the increase in Coffee and Tea Extracts's year-by-year exports was explained primarily by an increase in exports to Malaysia ($3.3M or 172%), Indonesia ($1.27M or 327%), and North Korea ($612k or 357%). In October 2024, the increase in Coffee and Tea Extracts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($1.05M or 11.2%), Netherlands ($538k or 577%), and Germany ($292k or 561%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.79M(9.44%)
IMPORT GROWTH (October 2023 - October 2024)$6.65M(26.7%)
MAIN EXPORTER (October 2024)Yunnan Province$9.95M
MAIN DESTINATION (October 2024)Malaysia$4.28M

This section shows Coffee and Tea Extracts'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 Coffee and Tea Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$281M
IMPORTS (2022)$390M
NET TRADE (2022)-$109M

In 2022, China exported $281M in Coffee and Tea Extracts. The main destinations of China exports on Coffee and Tea Extracts were Hong Kong ($63.4M), Malaysia ($32.9M), United States ($30.5M), Vietnam ($22.7M), and Chile ($15.1M).

In 2022, China imported $390M in Coffee and Tea Extracts, mainly from Vietnam ($94.6M), Japan ($94.1M), Malaysia ($76.9M), South Korea ($41.1M), and Netherlands ($12.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR China WERE (2021 - 2022):
Hong Kong$31.9M (102%)
Chile$14.9M (8.08k%)
Vietnam$11.8M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY China WERE (2021 - 2022):
United States-$19.2M (-38.6%)
Burma-$4.59M (-30.8%)
China-$4.48M (-93.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Coffee and Tea Extracts were:
Germany $992M
Brazil $722M
Spain $609M
In 2022, China's main importing competitors in Coffee and Tea Extracts were:
United States $945M
Germany $594M
Philippines $539M

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALVietnam+ $33.7M

Coffee and Tea Extracts’s highest export potential is N/A. With an export gap of N/A.   Coffee and Tea Extracts’s highest import potential is Vietnam with an import gap of $33.7M.

See methodology.

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