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2022
Exports $66.2MWorld Rnk 3 / 132
Flag Rnk 923 / 1216
2022
Destination $1.24M South Korea
2021 - 2022
FASTEST GROWING MARKET $1.24MAustralia
2022
PRODUCT COMPLEXITY IN Oil Seed Flower-0.94Rnk 826 / 1025
2022
Imports $2.16MWorld Rnk 51 / 195
Flag Rnk 1126 / 1212
2022
Origin $773k Tanzania
2021 - 2022
FASTEST GROWING ORIGIN $773kTanzania
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $66.2M in Oil Seed Flower, making it the 3rd largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 923rd most exported product in China. The main destination of Oil Seed Flower exports from China are: South Korea ($56.8M), Australia ($1.91M), Canada ($958k), Cote d'Ivoire ($864k), and United Kingdom ($802k).

The fastest growing export markets for Oil Seed Flower of China between 2021 and 2022 were Australia ($1.24M), South Korea ($704k), and Canada ($437k).

Imports In 2022, China imported $2.16M in Oil Seed Flower, becoming the 51st largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 1126th most imported product in China. China imports Oil Seed Flower primarily from: Tanzania ($871k), Canada ($724k), United States ($302k), Australia ($67.2k), and Greece ($53.6k).

The fastest growing import markets in Oil Seed Flower for China between 2021 and 2022 were Tanzania ($773k), Australia ($64.1k), and United Arab Emirates ($49k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (39) were at the forefront of shipping Oil Seed Flower from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Oil Seed Flower exports accounted up to $2.81M and imports accounted up to $165, resulting in a positive trade balance of $2.81M. Between October 2023 and October 2024 the exports of China's   Oil Seed Flower have decreased by $-1.07M (-27.6%) from $3.89M to $2.81M, while imports decreased by $-1.28k (-88.5%) from $1.44k to $165.

Destinations In October 2024, Oil Seed Flower were exported mostly to South Korea ($2.38M), Hong Kong ($270k), Netherlands ($59k), Philippines ($38.4k), and Thailand ($25.7k), and were imported mostly from .

Growth In October 2024, the decrease in Oil Seed Flower's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-1.2M or -28.5%), Spain ($-214k or -85.2%), and Hong Kong ($-67.1k or -78.2%). In July 2024, the decrease in Oil Seed Flower's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.07M(-27.6%)
IMPORT GROWTH (December 2021 - July 2024)$-1.28k(-88.5%)
MAIN EXPORTER (October 2024)Shandong Province$2.85M
MAIN DESTINATION (October 2024)South Korea$2.38M

This section shows Oil Seed Flower'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 Oil Seed Flower over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$66.2M
IMPORTS (2022)$2.16M
NET TRADE (2022)$64.1M

In 2022, China exported $66.2M in Oil Seed Flower. The main destinations of China exports on Oil Seed Flower were South Korea ($56.8M), Australia ($1.91M), Canada ($958k), Cote d'Ivoire ($864k), and United Kingdom ($802k).

In 2022, China imported $2.16M in Oil Seed Flower, mainly from Tanzania ($871k), Canada ($724k), United States ($302k), Australia ($67.2k), and Greece ($53.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR China WERE (2021 - 2022):
Australia$1.24M (185%)
South Korea$704k (1.25%)
Canada$437k (83.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY China WERE (2021 - 2022):
Spain-$472k (-38.2%)
United Kingdom-$279k (-25.8%)
Egypt-$199k (-54.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Oil Seed Flower were:
United States $412M
Italy $139M
In 2022, China's main importing competitors in Oil Seed Flower were:
Vietnam $132M
Japan $79.5M
South Korea $73.8M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $540k
TOP IMPORT POTENTIALUnited States+ $529k

Oil Seed Flower’s highest export potential is Canada. With an export gap of $540k.   Oil Seed Flower’s highest import potential is United States with an import gap of $529k.

See methodology.

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