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2023
Exports $41.7MWorld Rnk 35 / 162
Flag Rnk 957 / 1215
2023
Destination $5.32M South Korea
2022 - 2023
FASTEST GROWING MARKET $5.32MNigeria
2023
PRODUCT COMPLEXITY IN Margarine-0.85Rnk 793 / 1025
2023
Imports $1.08BWorld Rnk 1 / 221
Flag Rnk 206 / 1214
2023
Origin $17M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $17MAustralia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $41.7M in Margarine, making it the 35th largest exporter of Margarine in the world. At the same year, Margarine was the 957th most exported product in China. The main destination of Margarine exports from China are: South Korea ($8.98M), Nigeria ($5.91M), Hong Kong ($2.8M), Philippines ($2.79M), and Japan ($2.28M).

The fastest growing export markets for Margarine of China between 2022 and 2023 were Nigeria ($5.32M), Philippines ($2.41M), and South Korea ($1.35M).

Imports In 2023, China imported $1.08B in Margarine, becoming the 1st largest importer of Margarine in the world. At the same year, Margarine was the 206th most imported product in China. China imports Margarine primarily from: Indonesia ($938M), Malaysia ($61.7M), United States ($30.7M), Australia ($26.6M), and Spain ($4.83M).

The fastest growing import markets in Margarine for China between 2022 and 2023 were Australia ($17M), Malaysia ($16.2M), and United States ($7.72M).

COMPANIES In 2024, leading companies such as CrimsonLogic (69), IKEA Group (48), and Itourscm (21) were at the forefront of shipping Margarine from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Margarine exports accounted up to $7.12M and imports accounted up to $168M, resulting in a negative trade balance of $161M. Between December 2023 and December 2024 the exports of China's   Margarine have increased by $3.38M (90.2%) from $3.74M to $7.12M, while imports increased by $40.7M (31.9%) from $128M to $168M.

Destinations In December 2024, Margarine were exported mostly to Hong Kong ($1.94M), South Korea ($979k), Burma ($626k), Netherlands ($525k), and Germany ($434k), and were imported mostly from Indonesia ($151M), Malaysia ($7.93M), United States ($4.54M), Spain ($1.23M), and Australia ($827k).

Growth In December 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($690k or 131%), United States ($170k or 492%), and North Korea ($163k or 183%). In December 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Indonesia ($11.4M or 15.7%), United States ($9.47M or 421%), and Australia ($3.22M or 457%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$3.38M(90.2%)
IMPORT GROWTH (December 2023 - December 2024)$40.7M(31.9%)
MAIN EXPORTER (December 2024)Hubei Province$4.07M
MAIN DESTINATION (December 2024)Hong Kong$1.94M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$41.7M
IMPORTS (2023)$1.08B
NET TRADE (2023)-$1.04B

In 2023, China exported $41.7M in Margarine. The main destinations of China exports on Margarine were South Korea ($8.98M), Nigeria ($5.91M), Hong Kong ($2.8M), Philippines ($2.79M), and Japan ($2.28M).

In 2023, China imported $1.08B in Margarine, mainly from Indonesia ($938M), Malaysia ($61.7M), United States ($30.7M), Australia ($26.6M), and Spain ($4.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR China WERE (2022 - 2023):
Nigeria$5.32M (900%)
Philippines$2.41M (634%)
South Korea$1.35M (17.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY China WERE (2022 - 2023):
Germany-$1.42M (-86.9%)
New Zealand-$1.08M (-80.8%)
Hong Kong-$979k (-25.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Margarine were:
Indonesia $1.61B
Belgium $814M
Netherlands $682M
In 2023, China's main importing competitors in Margarine were:
France $521M
Germany $411M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.13M
TOP IMPORT POTENTIALMalaysia+ $29.9M

Margarine’s highest export potential is United States. With an export gap of $2.13M.   Margarine’s highest import potential is Malaysia with an import gap of $29.9M.

See methodology.

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