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2022
Exports $2.52BWorld Rnk 1 / 188
Flag Rnk 257 / 1216
2022
Destination $91.6M United States
2021 - 2022
FASTEST GROWING MARKET $91.6MUnited States
2022
PRODUCT COMPLEXITY IN Iron Chains1.44Rnk 65 / 1025
2022
Imports $213MWorld Rnk 8 / 222
Flag Rnk 504 / 1212
2022
Origin $6.69M Germany
2021 - 2022
FASTEST GROWING ORIGIN $6.69MIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.52B in Iron Chains, making it the 1st largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 257th most exported product in China. The main destination of Iron Chains exports from China are: United States ($342M), Germany ($137M), Brazil ($114M), Japan ($96.2M), and Canada ($96M).

The fastest growing export markets for Iron Chains of China between 2021 and 2022 were United States ($91.6M), Canada ($30.9M), and Russia ($25.1M).

Imports In 2022, China imported $213M in Iron Chains, becoming the 8th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 504th most imported product in China. China imports Iron Chains primarily from: Germany ($79.1M), Japan ($45.5M), United States ($11.7M), South Korea ($8.51M), and France ($8.32M).

The fastest growing import markets in Iron Chains for China between 2021 and 2022 were Indonesia ($6.69M), South Korea ($2.04M), and United States ($1.94M).

COMPANIES In 2023, leading companies such as Kubota (56), SKF Group (33), and CNH Industrial (31) were at the forefront of shipping Iron Chains from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Iron Chains exports accounted up to $175M and imports accounted up to $17.5M, resulting in a positive trade balance of $157M. Between October 2023 and October 2024 the exports of China's   Iron Chains have increased by $21.5M (14%) from $153M to $175M, while imports decreased by $-559k (-3.1%) from $18M to $17.5M.

Destinations In October 2024, Iron Chains were exported mostly to United States ($18.7M), Brazil ($9.53M), Russia ($9.21M), Indonesia ($8.01M), and Germany ($7.44M), and were imported mostly from Germany ($7.32M), Japan ($3.39M), Poland ($1.15M), Thailand ($868k), and United States ($753k).

Growth In October 2024, the increase in Iron Chains's year-by-year exports was explained primarily by an increase in exports to Greece ($2.24M or 151%), Kyrgyzstan ($919k or 506%), and Egypt ($802k or 54.3%). In October 2024, the decrease in Iron Chains's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.1M or -33%), Poland ($-647k or -78.3%), and Chinese Taipei ($-561k or -62%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$21.5M(14%)
IMPORT GROWTH (October 2023 - October 2024)$-559k(-3.1%)
MAIN EXPORTER (October 2024)Jiangsu Province$55.6M
MAIN DESTINATION (October 2024)United States$18.7M

This section shows Iron Chains'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 Iron Chains over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.52B
IMPORTS (2022)$213M
NET TRADE (2022)$2.31B

In 2022, China exported $2.52B in Iron Chains. The main destinations of China exports on Iron Chains were United States ($342M), Germany ($137M), Brazil ($114M), Japan ($96.2M), and Canada ($96M).

In 2022, China imported $213M in Iron Chains, mainly from Germany ($79.1M), Japan ($45.5M), United States ($11.7M), South Korea ($8.51M), and France ($8.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$91.6M (36.6%)
Canada$30.9M (47.4%)
Russia$25.1M (43.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY China WERE (2021 - 2022):
Brazil-$29.9M (-20.8%)
Algeria-$2.01M (-48.4%)
Vietnam-$1.9M (-2.61%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Chains were:
Germany $905M
Japan $503M
In 2022, China's main importing competitors in Iron Chains were:
United States $827M
Germany $495M
Canada $260M

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $32M
TOP IMPORT POTENTIALJapan+ $10.7M

Iron Chains’s highest export potential is India. With an export gap of $32M.   Iron Chains’s highest import potential is Japan with an import gap of $10.7M.

See methodology.

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