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2022
Exports $20.2MWorld Rnk 36 / 152
Flag Rnk 1036 / 1216
2022
Destination $1.85M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.85MVietnam
2022
PRODUCT COMPLEXITY IN Fermented Milk Products-0.22Rnk 622 / 1025
2022
Imports $49.4MWorld Rnk 29 / 219
Flag Rnk 787 / 1212
2022
Origin $1.49M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.49MFrance
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $20.2M in Fermented Milk Products, making it the 36th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 1036th most exported product in China. The main destination of Fermented Milk Products exports from China are: Hong Kong ($8.58M), Vietnam ($5.26M), Singapore ($2.42M), Macau ($956k), and Burma ($529k).

The fastest growing export markets for Fermented Milk Products of China between 2021 and 2022 were Vietnam ($1.85M), Hong Kong ($1.69M), and Burma ($325k).

Imports In 2022, China imported $49.4M in Fermented Milk Products, becoming the 29th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 787th most imported product in China. China imports Fermented Milk Products primarily from: Germany ($20.3M), France ($9.53M), New Zealand ($5.9M), Thailand ($2.89M), and Italy ($2.05M).

The fastest growing import markets in Fermented Milk Products for China between 2021 and 2022 were France ($1.49M), Kazakhstan ($25.3k), and Belgium ($10.1k).

COMPANIES In 2023, leading companies such as Conair (20), Walong Marketing (13), and IKEA Group (7) were at the forefront of shipping Fermented Milk Products from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Fermented Milk Products exports accounted up to $1.81M and imports accounted up to $3.05M, resulting in a negative trade balance of $1.24M. Between October 2023 and October 2024 the exports of China's   Fermented Milk Products have increased by $469k (35%) from $1.34M to $1.81M, while imports decreased by $-126k (-3.97%) from $3.18M to $3.05M.

Destinations In October 2024, Fermented Milk Products were exported mostly to Hong Kong ($1.02M), Singapore ($290k), United States ($224k), Macau ($104k), and Cambodia ($55.3k), and were imported mostly from Germany ($1.68M), France ($481k), Australia ($253k), Netherlands ($245k), and New Zealand ($136k).

Growth In October 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Macau ($104 or 0.2%). In October 2024, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from Germany ($-2.26M or -62.7%), Australia ($-45k or -28.2%), and South Korea ($-5.51k or -46.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$469k(35%)
IMPORT GROWTH (October 2023 - October 2024)$-126k(-3.97%)
MAIN EXPORTER (October 2024)Inner Mongolia Autonomous Region$861k
MAIN DESTINATION (October 2024)Hong Kong$1.02M

This section shows Fermented Milk 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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.2M
IMPORTS (2022)$49.4M
NET TRADE (2022)-$29.2M

In 2022, China exported $20.2M in Fermented Milk Products. The main destinations of China exports on Fermented Milk Products were Hong Kong ($8.58M), Vietnam ($5.26M), Singapore ($2.42M), Macau ($956k), and Burma ($529k).

In 2022, China imported $49.4M in Fermented Milk Products, mainly from Germany ($20.3M), France ($9.53M), New Zealand ($5.9M), Thailand ($2.89M), and Italy ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$1.85M (54.1%)
Hong Kong$1.69M (24.5%)
Burma$325k (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY China WERE (2021 - 2022):
Singapore-$412k (-14.5%)
Egypt-$325k (-100%)
Nigeria-$179k (-91.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Fermented Milk Products were:
Germany $1.01B
France $597M
Belgium $347M
In 2022, China's main importing competitors in Fermented Milk Products were:
Italy $477M
United Kingdom $452M
Netherlands $348M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $714k
TOP IMPORT POTENTIALGermany+ $4.11M

Fermented Milk Products’s highest export potential is United States. With an export gap of $714k.   Fermented Milk Products’s highest import potential is Germany with an import gap of $4.11M.

See methodology.

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