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2018
Exports $52.7MWorld Rnk 2 / 95
Flag Rnk 949 / 1216
2018
Destination $1.28M Japan
2021 - 2022
FASTEST GROWING MARKET $1.28MNorway
2018
Imports $59.7MWorld Rnk 1 / 161
Flag Rnk 752 / 1212
2018
Origin $14.3M India
2021 - 2022
FASTEST GROWING ORIGIN $14.3MIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2018, China exported $52.7M in Mica, making it the 2nd largest exporter of Mica in the world. At the same year, Mica was the 949th most exported product in China. The main destination of Mica exports from China are: Japan ($26.5M), South Korea ($3.78M), Germany ($3.3M), United States ($2.85M), and Norway ($2.33M).

The fastest growing export markets for Mica of China between 2021 and 2022 were Norway ($1.28M), Hong Kong ($734k), and Philippines ($661k).

Imports In 2022, China imported $59.7M in Mica, becoming the 1st largest importer of Mica in the world. At the same year, Mica was the 752nd most imported product in China. China imports Mica primarily from: India ($32.6M), Madagascar ($15.1M), Nigeria ($5.72M), Russia ($1.25M), and Japan ($658k).

The fastest growing import markets in Mica for China between 2021 and 2022 were India ($14.3M), Madagascar ($4.14M), and Nigeria ($2.71M).

COMPANIES In 2023, leading companies such as CrimsonLogic (33), GE RENEWABLES NORTH AMERICA LLC (22), and Wismettac Asian Foods (17) were at the forefront of shipping Mica from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Mica exports accounted up to $3.07M and imports accounted up to $14.9M, resulting in a negative trade balance of $11.8M. Between July 2023 and July 2024 the exports of China's   Mica have decreased by $-414k (-11.9%) from $3.49M to $3.07M, while imports increased by $8.8M (144%) from $6.12M to $14.9M.

Destinations In July 2024, Mica were exported mostly to Japan ($1.36M), United States ($417k), South Korea ($328k), Germany ($128k), and Norway ($97.5k), and were imported mostly from India ($5.52M), Madagascar ($5.36M), Nigeria ($3.12M), Tanzania ($288k), and Japan ($155k).

Growth In July 2024, the decrease in Mica's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-161k or -56.1%), Germany ($-152k or -65%), and Netherlands ($-144k or -52.3%). In July 2024, the increase in Mica's year-by-year imports was explained primarily by an increase in imports from Madagascar ($1.15M or 324%), Nigeria ($619k or 208%), and Russia ($90.9k or 252%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-414k(-11.9%)
IMPORT GROWTH (July 2023 - July 2024)$8.8M(144%)
MAIN EXPORTER (July 2024)Zhejiang Province$1.38M
MAIN DESTINATION (July 2024)Japan$1.36M

This section shows Mica'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 Mica over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.7M
IMPORTS (2022)$59.7M
NET TRADE (2022)-$6.99M

In 2022, China exported $52.7M in Mica. The main destinations of China exports on Mica were Japan ($26.5M), South Korea ($3.78M), Germany ($3.3M), United States ($2.85M), and Norway ($2.33M).

In 2022, China imported $59.7M in Mica, mainly from India ($32.6M), Madagascar ($15.1M), Nigeria ($5.72M), Russia ($1.25M), and Japan ($658k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mica EXPORT MARKETS FOR China WERE (2021 - 2022):
Norway$1.28M (121%)
Hong Kong$734k (211%)
Philippines$661k (182%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mica BY China WERE (2021 - 2022):
Netherlands-$1.65M (-63.9%)
Germany-$1.64M (-33.2%)
United Kingdom-$1.42M (-49.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Mica were:
India $56.6M
Madagascar $15.9M
In 2022, China's main importing competitors in Mica were:
Japan $36.9M
Germany $19.4M

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Trade Value of Mica by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $753k
TOP IMPORT POTENTIALIndia+ $3.52M

Mica’s highest export potential is United States. With an export gap of $753k.   Mica’s highest import potential is India with an import gap of $3.52M.

See methodology.

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