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2023
Exports $35.7BWorld Rnk 1 / 207
Flag Rnk 16 / 96
2023
Destination $6.43B South Korea
2022 - 2023
FASTEST GROWING MARKET $6.43BSouth Korea
2023
PRODUCT COMPLEXITY IN Inorganic chemicals1.54Rnk 38 / 1025
2023
Imports $24.1BWorld Rnk 1 / 226
Flag Rnk 15 / 96
2023
Origin $4.07B South Korea
2022 - 2023
FASTEST GROWING ORIGIN $4.07BSouth Korea
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $35.7B in Inorganic chemicals, making it the 1st largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 16th most exported product in China. The main destination of Inorganic chemicals exports from China are: South Korea ($13B), Japan ($4.1B), United States ($1.63B), India ($1.25B), and Vietnam ($1.12B).

The fastest growing export markets for Inorganic chemicals of China between 2022 and 2023 were South Korea ($6.43B), Russia ($148M), and Sweden ($44.5M).

Imports In 2023, China imported $24.1B in Inorganic chemicals, becoming the 1st largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 15th most imported product in China. China imports Inorganic chemicals primarily from: South Korea ($5.23B), Chile ($5.22B), Burma ($1.44B), Kazakhstan ($1.38B), and United States ($1.2B).

The fastest growing import markets in Inorganic chemicals for China between 2022 and 2023 were South Korea ($4.07B), Burma ($836M), and Kazakhstan ($502M).

COMPANIES In 2024, leading companies such as Dollarama (121), Yaheetech (118), and CrimsonLogic (85) were at the forefront of shipping Inorganic chemicals from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Inorganic chemicals exports accounted up to $2.33B and imports accounted up to $1.7B, resulting in a positive trade balance of $628M. Between December 2023 and December 2024 the exports of China's   Inorganic chemicals have decreased by $-112M (-4.6%) from $2.44B to $2.33B, while imports decreased by $-58.9M (-3.35%) from $1.76B to $1.7B.

Destinations In December 2024, Inorganic chemicals were exported mostly to N/A, and were imported mostly from Kazakhstan ($349M), South Korea ($270M), Chile ($268M), Japan ($108M), and Germany ($74.7M).

Growth In December 2024, the decrease in Inorganic chemicals's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-553M or -47.9%), Poland ($-139M or -82.8%), and Japan ($-131M or -33.4%). In December 2024, the decrease in Inorganic chemicals's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-112M(-4.6%)
IMPORT GROWTH (December 2023 - December 2024)$-58.9M(-3.35%)
MAIN EXPORTER (December 2024)

This section shows Inorganic chemicals'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 Inorganic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$35.7B
IMPORTS (2023)$24.1B
NET TRADE (2023)$11.6B

In 2023, China exported $35.7B in Inorganic chemicals. The main destinations of China exports on Inorganic chemicals were South Korea ($13B), Japan ($4.1B), United States ($1.63B), India ($1.25B), and Vietnam ($1.12B).

In 2023, China imported $24.1B in Inorganic chemicals, mainly from South Korea ($5.23B), Chile ($5.22B), Burma ($1.44B), Kazakhstan ($1.38B), and United States ($1.2B).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR China WERE (2022 - 2023):
South Korea$6.43B (97.8%)
Russia$148M (15.6%)
Sweden$44.5M (22.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY China WERE (2022 - 2023):
Japan-$1.29B (-24%)
Thailand-$451M (-33.2%)
United States-$403M (-19.8%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Inorganic chemicals were:
United States $15.5B
Germany $13B
In 2023, China's main importing competitors in Inorganic chemicals were:
South Korea $18.7B
United States $17.3B

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALRussia+ $239M

Inorganic chemicals’s highest export potential is N/A. With an export gap of N/A.   Inorganic chemicals’s highest import potential is Russia with an import gap of $239M.

See methodology.

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