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2023
Exports $558MWorld Rnk 1 / 92
Flag Rnk 542 / 1215
2023
Destination $3.78M India
2022 - 2023
FASTEST GROWING MARKET $3.78MPakistan
2023
PRODUCT COMPLEXITY IN Looms0.87Rnk 221 / 1025
2023
Imports $254MWorld Rnk 2 / 155
Flag Rnk 455 / 1214
2023
Origin $14.8M Japan
2022 - 2023
FASTEST GROWING ORIGIN $14.8MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $558M in Looms, making it the 1st largest exporter of Looms in the world. At the same year, Looms was the 542nd most exported product in China. The main destination of Looms exports from China are: India ($372M), Vietnam ($35.9M), Bangladesh ($16.7M), Indonesia ($14.6M), and Uzbekistan ($12.5M).

The fastest growing export markets for Looms of China between 2022 and 2023 were Pakistan ($3.78M), Kenya ($3.78M), and Russia ($3.73M).

Imports In 2023, China imported $254M in Looms, becoming the 2nd largest importer of Looms in the world. At the same year, Looms was the 455th most imported product in China. China imports Looms primarily from: Japan ($129M), Belgium ($65M), Germany ($42.9M), Italy ($8.55M), and Switzerland ($2.86M).

The fastest growing import markets in Looms for China between 2022 and 2023 were Germany ($14.8M), Hong Kong ($927k), and Uzbekistan ($695k).

COMPANIES In 2024, leading companies such as IKEA Group (3), Samsung (1), and LG Electronics (1) were at the forefront of shipping Looms from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Looms exports accounted up to $63M and imports accounted up to $36M, resulting in a positive trade balance of $27M. Between December 2023 and December 2024 the exports of China's   Looms have decreased by $-708k (-1.11%) from $63.7M to $63M, while imports increased by $3.79M (11.8%) from $32.2M to $36M.

Destinations In December 2024, Looms were exported mostly to India ($32.6M), Vietnam ($6.29M), Pakistan ($3.04M), Bangladesh ($2.37M), and Mexico ($1.55M), and were imported mostly from Japan ($21.7M), Belgium ($8.66M), Germany ($4.45M), Switzerland ($881k), and Italy ($297k).

Growth In December 2024, the decrease in Looms's year-by-year exports was explained primarily by a decrease in exports to India ($-26.7M or -64.5%), South Korea ($-538k or -93.1%), and Malaysia ($-307k or -91.6%). In December 2024, the increase in Looms's year-by-year imports was explained primarily by an increase in imports from Japan ($18.3M or 1.68k%) and Germany ($7.41M or 11.6k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-708k(-1.11%)
IMPORT GROWTH (December 2023 - December 2024)$3.79M(11.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)India$32.6M

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 (2023)$558M
IMPORTS (2023)$254M
NET TRADE (2023)$305M

In 2023, China exported $558M in Looms. The main destinations of China exports on Looms were India ($372M), Vietnam ($35.9M), Bangladesh ($16.7M), Indonesia ($14.6M), and Uzbekistan ($12.5M).

In 2023, China imported $254M in Looms, mainly from Japan ($129M), Belgium ($65M), Germany ($42.9M), Italy ($8.55M), and Switzerland ($2.86M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR China WERE (2022 - 2023):
Pakistan$3.78M (44.6%)
Kenya$3.78M (596%)
Russia$3.73M (68.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY China WERE (2022 - 2023):
India-$13.5M (-3.49%)
Turkey-$13M (-64%)
Uzbekistan-$11.3M (-47.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Looms were:
Belgium $524M
Japan $419M
In 2023, China's main importing competitors in Looms were:
India $760M
Turkey $217M

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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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