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2022
Exports $25.2MWorld Rnk 12 / 153
Flag Rnk 1019 / 1216
2022
Destination $3.97M United States
2021 - 2022
FASTEST GROWING MARKET $3.97MUnited States
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2022
Imports $64.7MWorld Rnk 4 / 197
Flag Rnk 733 / 1212
2022
Origin $6.47M France
2021 - 2022
FASTEST GROWING ORIGIN $6.47MIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $25.2M in Insect Resins, making it the 12th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 1019th most exported product in China. The main destination of Insect Resins exports from China are: United States ($6.77M), Ecuador ($1.42M), Canada ($1.41M), India ($1.34M), and Guatemala ($1.22M).

The fastest growing export markets for Insect Resins of China between 2021 and 2022 were United States ($3.97M), Ecuador ($902k), and Vietnam ($545k).

Imports In 2022, China imported $64.7M in Insect Resins, becoming the 4th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 733rd most imported product in China. China imports Insect Resins primarily from: France ($9.04M), Sudan ($7.61M), Indonesia ($7.58M), Burma ($7.14M), and India ($6.87M).

The fastest growing import markets in Insect Resins for China between 2021 and 2022 were India ($6.47M), Burma ($5.02M), and France ($2.46M).

COMPANIES In 2023, leading companies such as Walmart (432), Tmall (5), and Elkem Silicones (4) were at the forefront of shipping Insect Resins from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Insect Resins exports accounted up to $371k and imports accounted up to $7.24M, resulting in a negative trade balance of $6.87M. Between September 2023 and September 2024 the exports of China's   Insect Resins have decreased by $-358k (-49.1%) from $728k to $371k, while imports increased by $1.12M (18.2%) from $6.13M to $7.24M.

Destinations In September 2024, Insect Resins were exported mostly to United States ($246k), Malaysia ($28.7k), Chinese Taipei ($23.1k), Hong Kong ($17.8k), and Russia ($14k), and were imported mostly from Chad ($1.89M), France ($1.18M), Sudan ($990k), Kenya ($822k), and Madagascar ($492k).

Growth In September 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-287k or -99.4%), Chinese Taipei ($-102k or -91.5%), and United States ($-71.7k or -25.5%). In September 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from Kenya ($309k or 74%), Somalia ($126k or 490%), and Tanzania ($40.2k or 39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-358k(-49.1%)
IMPORT GROWTH (September 2023 - September 2024)$1.12M(18.2%)
MAIN EXPORTER (September 2024)Yunnan Province$1.46M
MAIN DESTINATION (September 2024)United States$246k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.2M
IMPORTS (2022)$64.7M
NET TRADE (2022)-$39.5M

In 2022, China exported $25.2M in Insect Resins. The main destinations of China exports on Insect Resins were United States ($6.77M), Ecuador ($1.42M), Canada ($1.41M), India ($1.34M), and Guatemala ($1.22M).

In 2022, China imported $64.7M in Insect Resins, mainly from France ($9.04M), Sudan ($7.61M), Indonesia ($7.58M), Burma ($7.14M), and India ($6.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$3.97M (142%)
Ecuador$902k (175%)
Vietnam$545k (441%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY China WERE (2021 - 2022):
Nigeria-$1.53M (-96.9%)
Saudi Arabia-$1.13M (-98.9%)
Singapore-$948k (-49.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, China's main importing competitors in Insect Resins were:
India $260M
United States $157M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.71M
TOP IMPORT POTENTIALIndia+ $7.19M

Insect Resins’s highest export potential is India. With an export gap of $2.71M.   Insect Resins’s highest import potential is India with an import gap of $7.19M.

See methodology.

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