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2018
Exports $228MWorld Rnk 1 / 86
Flag Rnk 735 / 1216
2018
Destination $5.54M Bangladesh
2021 - 2022
FASTEST GROWING MARKET $5.54MItaly
2022
PRODUCT COMPLEXITY IN Gimp Yarn0.54Rnk 354 / 1025
2018
Imports $11.1MWorld Rnk 16 / 161
Flag Rnk 990 / 1212
2018
Origin $1.24M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.24MItaly
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2018, China exported $228M in Gimp Yarn, making it the 1st largest exporter of Gimp Yarn in the world. At the same year, Gimp Yarn was the 735th most exported product in China. The main destination of Gimp Yarn exports from China are: Bangladesh ($52M), United States ($25.5M), Turkey ($20.3M), Vietnam ($17.6M), and South Korea ($14.7M).

The fastest growing export markets for Gimp Yarn of China between 2021 and 2022 were Italy ($5.54M), Russia ($2.99M), and Vietnam ($2.78M).

Imports In 2022, China imported $11.1M in Gimp Yarn, becoming the 16th largest importer of Gimp Yarn in the world. At the same year, Gimp Yarn was the 990th most imported product in China. China imports Gimp Yarn primarily from: Italy ($5.56M), Japan ($2.6M), United States ($1.09M), Hong Kong ($477k), and China ($442k).

The fastest growing import markets in Gimp Yarn for China between 2021 and 2022 were Italy ($1.24M), United States ($530k), and Poland ($208k).

COMPANIES In 2023, leading companies such as Electrolux (17), Costco Wholesale (11), and CrimsonLogic (8) were at the forefront of shipping Gimp Yarn from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Gimp Yarn exports accounted up to $23.5M and imports accounted up to $1.15M, resulting in a positive trade balance of $22.3M. Between July 2023 and July 2024 the exports of China's   Gimp Yarn have increased by $7.74M (49.2%) from $15.7M to $23.5M, while imports decreased by $-233k (-16.9%) from $1.38M to $1.15M.

Destinations In July 2024, Gimp Yarn were exported mostly to Bangladesh ($4.99M), United States ($3.52M), Vietnam ($3.09M), Turkey ($1.39M), and India ($1.16M), and were imported mostly from Italy ($614k), Vietnam ($263k), China ($206k), Switzerland ($50.2k), and United Kingdom ($12.1k).

Growth In July 2024, the increase in Gimp Yarn's year-by-year exports was explained primarily by an increase in exports to Indonesia ($475k or 121%), India ($465k or 269%), and Singapore ($306k or 5.12k%). In July 2024, the decrease in Gimp Yarn's year-by-year imports was explained primarily by a decrease in imports from Japan ($-244k or -90%) and United Kingdom ($-27k or -25.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$7.74M(49.2%)
IMPORT GROWTH (July 2023 - July 2024)$-233k(-16.9%)
MAIN EXPORTER (July 2024)Jiangsu Province$24.4M
MAIN DESTINATION (July 2024)Bangladesh$4.99M

This section shows Gimp Yarn'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 Gimp Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$228M
IMPORTS (2022)$11.1M
NET TRADE (2022)$217M

In 2022, China exported $228M in Gimp Yarn. The main destinations of China exports on Gimp Yarn were Bangladesh ($52M), United States ($25.5M), Turkey ($20.3M), Vietnam ($17.6M), and South Korea ($14.7M).

In 2022, China imported $11.1M in Gimp Yarn, mainly from Italy ($5.56M), Japan ($2.6M), United States ($1.09M), Hong Kong ($477k), and China ($442k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gimp Yarn EXPORT MARKETS FOR China WERE (2021 - 2022):
Italy$5.54M (121%)
Russia$2.99M (214%)
Vietnam$2.78M (18.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gimp Yarn BY China WERE (2021 - 2022):
Hong Kong-$13.1M (-92.1%)
United States-$12.7M (-33.3%)
China-$6.19M (-93.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Gimp Yarn were:
Italy $85.8M
Turkey $59.4M
In 2022, China's main importing competitors in Gimp Yarn were:
Italy $72.4M
United States $53.4M
Bangladesh $52.7M

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Trade Value of Gimp Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $2.41M
TOP IMPORT POTENTIALUnited States+ $350k

Gimp Yarn’s highest export potential is Russia. With an export gap of $2.41M.   Gimp Yarn’s highest import potential is United States with an import gap of $350k.

See methodology.

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