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2022
Exports $12.2BWorld Rnk 1 / 207
Flag Rnk 62 / 1216
2022
Destination $189M United States
2021 - 2022
FASTEST GROWING MARKET $189MIndia
2022
PRODUCT COMPLEXITY IN Iron Housewares-0.78Rnk 776 / 1025
2022
Imports $94.9MWorld Rnk 38 / 223
Flag Rnk 661 / 1212
2022
Origin $1.65M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.65MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $12.2B in Iron Housewares, making it the 1st largest exporter of Iron Housewares in the world. At the same year, Iron Housewares was the 62nd most exported product in China. The main destination of Iron Housewares exports from China are: United States ($3.01B), Germany ($596M), Malaysia ($480M), Vietnam ($400M), and Japan ($393M).

The fastest growing export markets for Iron Housewares of China between 2021 and 2022 were India ($189M), Vietnam ($57.7M), and Philippines ($57.4M).

Imports In 2022, China imported $94.9M in Iron Housewares, becoming the 38th largest importer of Iron Housewares in the world. At the same year, Iron Housewares was the 661st most imported product in China. China imports Iron Housewares primarily from: Germany ($21.8M), Japan ($19.5M), Chinese Taipei ($6.95M), South Korea ($6.6M), and China ($6.48M).

The fastest growing import markets in Iron Housewares for China between 2021 and 2022 were United Arab Emirates ($1.65M), France ($1.04M), and Australia ($807k).

COMPANIES In 2023, leading companies such as IKEA Group (899), Groupe SEB (430), and Conair (372) were at the forefront of shipping Iron Housewares from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Iron Housewares exports accounted up to $832M and imports accounted up to $10.4M, resulting in a positive trade balance of $822M. Between July 2023 and July 2024 the exports of China's   Iron Housewares have decreased by $-46M (-5.23%) from $878M to $832M, while imports increased by $4.13M (65.8%) from $6.28M to $10.4M.

Destinations In July 2024, Iron Housewares were exported mostly to United States ($194M), Germany ($43.2M), Malaysia ($30M), United Kingdom ($27M), and Vietnam ($26.2M), and were imported mostly from France ($6.14M), Thailand ($966k), Germany ($789k), Japan ($694k), and China ($497k).

Growth In July 2024, the decrease in Iron Housewares's year-by-year exports was explained primarily by a decrease in exports to Germany ($-19.7M or -34.2%), Thailand ($-18.4M or -39.6%), and South Korea ($-17M or -33.9%). In July 2024, the increase in Iron Housewares's year-by-year imports was explained primarily by an increase in imports from South Korea ($282k or 333%), Russia ($154k or 531k%), and Vietnam ($21.5k or 86.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-46M(-5.23%)
IMPORT GROWTH (July 2023 - July 2024)$4.13M(65.8%)
MAIN EXPORTER (July 2024)Zhejiang Province$373M
MAIN DESTINATION (July 2024)United States$194M

This section shows Iron Housewares'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 Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2B
IMPORTS (2022)$94.9M
NET TRADE (2022)$12.1B

In 2022, China exported $12.2B in Iron Housewares. The main destinations of China exports on Iron Housewares were United States ($3.01B), Germany ($596M), Malaysia ($480M), Vietnam ($400M), and Japan ($393M).

In 2022, China imported $94.9M in Iron Housewares, mainly from Germany ($21.8M), Japan ($19.5M), Chinese Taipei ($6.95M), South Korea ($6.6M), and China ($6.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Housewares EXPORT MARKETS FOR China WERE (2021 - 2022):
India$189M (164%)
Vietnam$57.7M (16.9%)
Philippines$57.4M (22.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Housewares BY China WERE (2021 - 2022):
United States-$427M (-12.4%)
Russia-$50.7M (-23.7%)
Netherlands-$48.9M (-15.2%)
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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 Housewares were:
India $744M
Germany $742M
In 2022, China's main importing competitors in Iron Housewares were:
United States $3.97B
Germany $1.22B
France $532M

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Trade Value of Iron Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $66.6M
TOP IMPORT POTENTIALIndia+ $4.22M

Iron Housewares’s highest export potential is Russia. With an export gap of $66.6M.   Iron Housewares’s highest import potential is India with an import gap of $4.22M.

See methodology.

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