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2022
Exports $609MWorld Rnk 2 / 92
Flag Rnk 545 / 1216
2022
Destination $155M India
2021 - 2022
FASTEST GROWING MARKET $155MIndia
2022
PRODUCT COMPLEXITY IN Looms0.9Rnk 209 / 1025
2022
Imports $284MWorld Rnk 3 / 159
Flag Rnk 462 / 1212
2022
Origin $2.45M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.45MSwitzerland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $609M in Looms, making it the 2nd largest exporter of Looms in the world. At the same year, Looms was the 545th most exported product in China. The main destination of Looms exports from China are: India ($388M), Vietnam ($40.8M), Indonesia ($23.4M), Uzbekistan ($21M), and Bangladesh ($20.9M).

The fastest growing export markets for Looms of China between 2021 and 2022 were India ($155M), Uzbekistan ($10.4M), and Vietnam ($10.2M).

Imports In 2022, China imported $284M in Looms, becoming the 3rd largest importer of Looms in the world. At the same year, Looms was the 462nd most imported product in China. China imports Looms primarily from: Japan ($138M), Belgium ($91M), Germany ($26.6M), Italy ($14.4M), and Switzerland ($8.98M).

The fastest growing import markets in Looms for China between 2021 and 2022 were Switzerland ($2.45M), Italy ($1.06M), and United States ($568k).

COMPANIES In 2023, leading companies such as CrimsonLogic (3), Costco Wholesale (2), and Amazon (1) were at the forefront of shipping Looms from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Looms exports accounted up to $50.2M and imports accounted up to $26.9M, resulting in a positive trade balance of $23.3M. Between October 2023 and October 2024 the exports of China's   Looms have increased by $3.85M (8.3%) from $46.4M to $50.2M, while imports increased by $3.98M (17.4%) from $22.9M to $26.9M.

Destinations In October 2024, Looms were exported mostly to India ($32.5M), Vietnam ($3.66M), Egypt ($2.52M), Bangladesh ($1.77M), and Turkey ($1.71M), and were imported mostly from Japan ($18.7M), Germany ($4.34M), Belgium ($3.08M), Switzerland ($538k), and Italy ($79.7k).

Growth In October 2024, the increase in Looms's year-by-year exports was explained primarily by an increase in exports to India ($12M or 40.9%), Russia ($632k or 376%), and Chinese Taipei ($484k or 82%). In October 2024, the increase in Looms's year-by-year imports was explained primarily by an increase in imports from Belgium ($4.13M or 192%) and Switzerland ($689k or 154%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.85M(8.3%)
IMPORT GROWTH (October 2023 - October 2024)$3.98M(17.4%)
MAIN EXPORTER (October 2024)Shandong Province$24.1M
MAIN DESTINATION (October 2024)India$32.5M

This section shows Looms'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 Looms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$609M
IMPORTS (2022)$284M
NET TRADE (2022)$325M

In 2022, China exported $609M in Looms. The main destinations of China exports on Looms were India ($388M), Vietnam ($40.8M), Indonesia ($23.4M), Uzbekistan ($21M), and Bangladesh ($20.9M).

In 2022, China imported $284M in Looms, mainly from Japan ($138M), Belgium ($91M), Germany ($26.6M), Italy ($14.4M), and Switzerland ($8.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR China WERE (2021 - 2022):
India$155M (66.1%)
Uzbekistan$10.4M (98.4%)
Vietnam$10.2M (33.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY China WERE (2021 - 2022):
Pakistan-$25.3M (-74.9%)
Malaysia-$22.1M (-88.6%)
Tajikistan-$10.1M (-98.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Looms were:
Belgium $706M
Japan $358M
In 2022, China's main importing competitors in Looms were:
India $694M
Turkey $290M

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Trade Value of Looms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $7.38M
TOP IMPORT POTENTIALItaly+ $4.35M

Looms’s highest export potential is Turkey. With an export gap of $7.38M.   Looms’s highest import potential is Italy with an import gap of $4.35M.

See methodology.

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