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2022
Exports $1.9BWorld Rnk 1 / 161
Flag Rnk 302 / 1216
2022
Destination $47.4M South Korea
2021 - 2022
FASTEST GROWING MARKET $47.4MUnited States
2022
PRODUCT COMPLEXITY IN Other Inorganic Acids0.33Rnk 431 / 1025
2022
Imports $565MWorld Rnk 2 / 214
Flag Rnk 319 / 1212
2022
Origin $37.7M Japan
2021 - 2022
FASTEST GROWING ORIGIN $37.7MIsrael
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.9B in Other Inorganic Acids, making it the 1st largest exporter of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 302nd most exported product in China. The main destination of Other Inorganic Acids exports from China are: South Korea ($290M), Japan ($255M), United States ($149M), Chinese Taipei ($143M), and Vietnam ($139M).

The fastest growing export markets for Other Inorganic Acids of China between 2021 and 2022 were United States ($47.4M), South Korea ($44.1M), and Chinese Taipei ($29.1M).

Imports In 2022, China imported $565M in Other Inorganic Acids, becoming the 2nd largest importer of Other Inorganic Acids in the world. At the same year, Other Inorganic Acids was the 319th most imported product in China. China imports Other Inorganic Acids primarily from: Japan ($124M), Jordan ($92.1M), Israel ($83.4M), Chinese Taipei ($65.9M), and South Korea ($60.7M).

The fastest growing import markets in Other Inorganic Acids for China between 2021 and 2022 were Israel ($37.7M), Jordan ($20.3M), and Chinese Taipei ($8.92M).

COMPANIES In 2023, leading companies such as CrimsonLogic (22), Continental Tire (10), and Jo-Ann Stores (7) were at the forefront of shipping Other Inorganic Acids from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Other Inorganic Acids exports accounted up to $120M and imports accounted up to $40M, resulting in a positive trade balance of $80.4M. Between July 2023 and July 2024 the exports of China's   Other Inorganic Acids have increased by $2.76M (2.34%) from $118M to $120M, while imports increased by $4.93M (14.1%) from $35.1M to $40M.

Destinations In July 2024, Other Inorganic Acids were exported mostly to South Korea ($20M), Japan ($16.4M), Vietnam ($11.7M), Chinese Taipei ($8.23M), and United States ($6.67M), and were imported mostly from Japan ($10.7M), Chinese Taipei ($5.96M), Israel ($3.95M), Germany ($3.9M), and South Korea ($3.23M).

Growth In July 2024, the increase in Other Inorganic Acids's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($6.2M or 4.12k%), Mexico ($3.26M or 125%), and India ($2.7M or 108%). In July 2024, the increase in Other Inorganic Acids's year-by-year imports was explained primarily by an increase in imports from United States ($1.08M or 45.7%), Malaysia ($1.03M or 96.9%), and Thailand ($649k or 40.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.76M(2.34%)
IMPORT GROWTH (July 2023 - July 2024)$4.93M(14.1%)
MAIN EXPORTER (July 2024)Shandong Province$27.4M
MAIN DESTINATION (July 2024)South Korea$20M

This section shows Other Inorganic Acids'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 Inorganic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.9B
IMPORTS (2022)$565M
NET TRADE (2022)$1.34B

In 2022, China exported $1.9B in Other Inorganic Acids. The main destinations of China exports on Other Inorganic Acids were South Korea ($290M), Japan ($255M), United States ($149M), Chinese Taipei ($143M), and Vietnam ($139M).

In 2022, China imported $565M in Other Inorganic Acids, mainly from Japan ($124M), Jordan ($92.1M), Israel ($83.4M), Chinese Taipei ($65.9M), and South Korea ($60.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Inorganic Acids EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$47.4M (46.6%)
South Korea$44.1M (18%)
Chinese Taipei$29.1M (25.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Inorganic Acids BY China WERE (2021 - 2022):
Nigeria-$1.09M (-53.7%)
China-$698k (-5.11%)
Ukraine-$682k (-42.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Other Inorganic Acids were:
Germany $790M
Japan $453M
In 2022, China's main importing competitors in Other Inorganic Acids were:
United States $760M
South Korea $445M

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Trade Value of Other Inorganic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $34.6M
TOP IMPORT POTENTIALGermany+ $11M

Other Inorganic Acids’s highest export potential is United States. With an export gap of $34.6M.   Other Inorganic Acids’s highest import potential is Germany with an import gap of $11M.

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