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2023
Exports $3.32BWorld Rnk 1 / 173
Flag Rnk 184 / 1215
2023
Destination $164M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $164MNigeria
2023
PRODUCT COMPLEXITY IN Mirrors and Lenses1.54Rnk 37 / 1025
2023
Imports $2.44BWorld Rnk 1 / 217
Flag Rnk 128 / 1214
2023
Origin $55.3M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $55.3MThailand
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $3.32B in Mirrors and Lenses, making it the 1st largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 184th most exported product in China. The main destination of Mirrors and Lenses exports from China are: Hong Kong ($558M), Vietnam ($415M), South Korea ($304M), Germany ($254M), and United States ($215M).

The fastest growing export markets for Mirrors and Lenses of China between 2022 and 2023 were Nigeria ($164M), Germany ($25.9M), and Mexico ($24.8M).

Imports In 2023, China imported $2.44B in Mirrors and Lenses, becoming the 1st largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 128th most imported product in China. China imports Mirrors and Lenses primarily from: Chinese Taipei ($1.08B), Japan ($440M), South Korea ($224M), Thailand ($212M), and Vietnam ($177M).

The fastest growing import markets in Mirrors and Lenses for China between 2022 and 2023 were Thailand ($55.3M), Vietnam ($40.3M), and Israel ($10.1M).

COMPANIES In 2024, leading companies such as IKEA Group (23), Amazon (18), and Panasonic (18) were at the forefront of shipping Mirrors and Lenses from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Mirrors and Lenses exports accounted up to $311M and imports accounted up to $338M, resulting in a negative trade balance of $26.9M. Between December 2023 and December 2024 the exports of China's   Mirrors and Lenses have increased by $41M (15.2%) from $270M to $311M, while imports increased by $5.65M (1.7%) from $332M to $338M.

Destinations In December 2024, Mirrors and Lenses were exported mostly to South Korea ($84.9M), Hong Kong ($71.4M), Vietnam ($29.3M), United States ($24.7M), and Germany ($11.7M), and were imported mostly from Chinese Taipei ($126M), Japan ($51.5M), South Korea ($47.1M), China ($42.7M), and Germany ($17.2M).

Growth In December 2024, the increase in Mirrors and Lenses's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($19.3M or 57.9%), United States ($5.95M or 36.6%), and Germany ($2.83M or 27.8%). In December 2024, the increase in Mirrors and Lenses's year-by-year imports was explained primarily by an increase in imports from Vietnam ($27.6M or 334%), Chinese Taipei ($13.9M or 12.8%), and Thailand ($10.3M or 143%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$41M(15.2%)
IMPORT GROWTH (December 2023 - December 2024)$5.65M(1.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)South Korea$84.9M

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.32B
IMPORTS (2023)$2.44B
NET TRADE (2023)$876M

In 2023, China exported $3.32B in Mirrors and Lenses. The main destinations of China exports on Mirrors and Lenses were Hong Kong ($558M), Vietnam ($415M), South Korea ($304M), Germany ($254M), and United States ($215M).

In 2023, China imported $2.44B in Mirrors and Lenses, mainly from Chinese Taipei ($1.08B), Japan ($440M), South Korea ($224M), Thailand ($212M), and Vietnam ($177M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR China WERE (2022 - 2023):
Nigeria$164M (4.37k%)
Germany$25.9M (11.4%)
Mexico$24.8M (38.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY China WERE (2022 - 2023):
Hong Kong-$476M (-46%)
Vietnam-$159M (-27.6%)
Japan-$112M (-43.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Mirrors and Lenses were:
Japan $2.55B
Chinese Taipei $2.55B
In 2023, China's main importing competitors in Mirrors and Lenses were:
United States $1.58B
Netherlands $1.53B

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Trade Value of Mirrors and Lenses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.7M
TOP IMPORT POTENTIALVietnam+ $63.4M

Mirrors and Lenses’s highest export potential is United States. With an export gap of $88.7M.   Mirrors and Lenses’s highest import potential is Vietnam with an import gap of $63.4M.

See methodology.

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