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2023
Exports $4.67MWorld Rnk 15 / 79
Flag Rnk 1138 / 1215
2023
Destination $2.02M United States
2022 - 2023
FASTEST GROWING MARKET $2.02MUnited States
2023
PRODUCT COMPLEXITY IN Other Animal Fats0.53Rnk 360 / 1025
2023
Imports $23.8MWorld Rnk 6 / 152
Flag Rnk 889 / 1214
2023
Origin $11.9M United States
2022 - 2023
FASTEST GROWING ORIGIN $11.9MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $4.67M in Other Animal Fats, making it the 15th largest exporter of Other Animal Fats in the world. At the same year, Other Animal Fats was the 1138th most exported product in China. The main destination of Other Animal Fats exports from China are: United States ($2.09M), Norway ($1.67M), Thailand ($320k), South Korea ($207k), and Canada ($79.7k).

The fastest growing export markets for Other Animal Fats of China between 2022 and 2023 were United States ($2.02M), Norway ($677k), and Thailand ($211k).

Imports In 2023, China imported $23.8M in Other Animal Fats, becoming the 6th largest importer of Other Animal Fats in the world. At the same year, Other Animal Fats was the 889th most imported product in China. China imports Other Animal Fats primarily from: United States ($12M), New Zealand ($9.54M), Australia ($1.17M), Mongolia ($422k), and Norway ($369k).

The fastest growing import markets in Other Animal Fats for China between 2022 and 2023 were United States ($11.9M), New Zealand ($5.79M), and Australia ($977k).

Latest Trends

December 2024

About

Overview In December 2024 China's Other Animal Fats exports accounted up to $598k and imports accounted up to $4.6M, resulting in a negative trade balance of $4.01M. Between December 2023 and December 2024 the exports of China's   Other Animal Fats have increased by $260k (76.9%) from $338k to $598k, while imports decreased by $-602k (-11.6%) from $5.21M to $4.6M.

Destinations In December 2024, Other Animal Fats were exported mostly to Hong Kong ($299k), United States ($114k), New Zealand ($64.9k), Spain ($27.7k), and Belgium ($23.1k), and were imported mostly from New Zealand ($3.86M), United States ($464k), and South Korea ($279k).

Growth In December 2024, the increase in Other Animal Fats's year-by-year exports was explained primarily by an increase in exports to United States ($204k or 161%) and Hong Kong ($74.1k or 89.3k%). In December 2024, the decrease in Other Animal Fats's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-27.4k or -3.75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$260k(76.9%)
IMPORT GROWTH (December 2023 - December 2024)$-602k(-11.6%)
MAIN EXPORTER (December 2024)Shandong Province$998k
MAIN DESTINATION (December 2024)Hong Kong$299k

This section shows Other Animal Fats'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 Other Animal Fats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.67M
IMPORTS (2023)$23.8M
NET TRADE (2023)-$19.1M

In 2023, China exported $4.67M in Other Animal Fats. The main destinations of China exports on Other Animal Fats were United States ($2.09M), Norway ($1.67M), Thailand ($320k), South Korea ($207k), and Canada ($79.7k).

In 2023, China imported $23.8M in Other Animal Fats, mainly from United States ($12M), New Zealand ($9.54M), Australia ($1.17M), Mongolia ($422k), and Norway ($369k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Animal Fats EXPORT MARKETS FOR China WERE (2022 - 2023):
United States$2.02M (2.81k%)
Norway$677k (67.8%)
Thailand$211k (193%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Animal Fats BY China WERE (2022 - 2023):
Chile-$45.3k (-100%)
Vietnam-$17.8k (-55.7%)
Cambodia-$14.7k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Other Animal Fats were:
Netherlands $143M
New Zealand $59.3M
France $56.7M
In 2023, China's main importing competitors in Other Animal Fats were:
Netherlands $138M
United States $113M
Sweden $49.4M

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Trade Value of Other Animal Fats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $178k
TOP IMPORT POTENTIALNetherlands+ $171k

Other Animal Fats’s highest export potential is United States. With an export gap of $178k.   Other Animal Fats’s highest import potential is Netherlands with an import gap of $171k.

See methodology.

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