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2023
Exports $516MWorld Rnk 3 / 205
Flag Rnk 555 / 1215
2023
Destination $17.3M United States
2022 - 2023
FASTEST GROWING MARKET $17.3MJordan
2023
PRODUCT COMPLEXITY IN Gaskets1.46Rnk 51 / 1025
2023
Imports $299MWorld Rnk 3 / 224
Flag Rnk 433 / 1214
2023
Origin $2.99M Germany
2022 - 2023
FASTEST GROWING ORIGIN $2.99MItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $516M in Gaskets, making it the 3rd largest exporter of Gaskets in the world. At the same year, Gaskets was the 555th most exported product in China. The main destination of Gaskets exports from China are: United States ($43.8M), Russia ($30.8M), Thailand ($27.6M), Mexico ($26.4M), and Nigeria ($23.9M).

The fastest growing export markets for Gaskets of China between 2022 and 2023 were Jordan ($17.3M), Russia ($12.7M), and Turkey ($9.82M).

Imports In 2023, China imported $299M in Gaskets, becoming the 3rd largest importer of Gaskets in the world. At the same year, Gaskets was the 433rd most imported product in China. China imports Gaskets primarily from: Germany ($61M), United States ($55.3M), Japan ($47.6M), South Korea ($23.1M), and France ($20.9M).

The fastest growing import markets in Gaskets for China between 2022 and 2023 were Italy ($2.99M), France ($2.78M), and Mexico ($2.24M).

COMPANIES In 2024, leading companies such as Victaulic (37), SIGMA Corp (14), and Costco Wholesale (10) were at the forefront of shipping Gaskets from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Gaskets exports accounted up to $74M and imports accounted up to $71.6M, resulting in a positive trade balance of $2.44M. Between December 2023 and December 2024 the exports of China's   Gaskets have increased by $13.8M (23%) from $60.2M to $74M, while imports increased by $7.39M (11.5%) from $64.2M to $71.6M.

Destinations In December 2024, Gaskets were exported mostly to United States ($9.79M), Russia ($7.12M), Indonesia ($2.92M), Germany ($2.82M), and Thailand ($2.67M), and were imported mostly from United States ($16.5M), Germany ($14.2M), Japan ($8.85M), South Korea ($3.86M), and Turkey ($3.75M).

Growth In December 2024, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to United States ($4.29M or 56.1%), Chinese Taipei ($1.2M or 271%), and Indonesia ($757k or 42.6%). In December 2024, the increase in Gaskets's year-by-year imports was explained primarily by an increase in imports from Turkey ($5.56M or 8.89k%), United States ($4.01M or 37.1%), and Germany ($2.78M or 30.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$13.8M(23%)
IMPORT GROWTH (December 2023 - December 2024)$7.39M(11.5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$9.79M

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$516M
IMPORTS (2023)$299M
NET TRADE (2023)$218M

In 2023, China exported $516M in Gaskets. The main destinations of China exports on Gaskets were United States ($43.8M), Russia ($30.8M), Thailand ($27.6M), Mexico ($26.4M), and Nigeria ($23.9M).

In 2023, China imported $299M in Gaskets, mainly from Germany ($61M), United States ($55.3M), Japan ($47.6M), South Korea ($23.1M), and France ($20.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR China WERE (2022 - 2023):
Jordan$17.3M (3.69k%)
Russia$12.7M (70.4%)
Turkey$9.82M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY China WERE (2022 - 2023):
Nigeria-$15.4M (-39.2%)
United States-$8.08M (-15.6%)
Singapore-$5.5M (-38.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Gaskets were:
United States $933M
Germany $929M
In 2023, China's main importing competitors in Gaskets were:
United States $500M
Germany $317M

Explore Visualizations

Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.6M
TOP IMPORT POTENTIALUnited States+ $17.8M

Gaskets’s highest export potential is United States. With an export gap of $23.6M.   Gaskets’s highest import potential is United States with an import gap of $17.8M.

See methodology.

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