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2023
Exports $1.42BWorld Rnk 1 / 190
Flag Rnk 350 / 1215
2023
Destination $67.6M Japan
2022 - 2023
FASTEST GROWING MARKET $67.6MKazakhstan
2023
PRODUCT COMPLEXITY IN Packing Bags-1.73Rnk 976 / 1025
2023
Imports $20.4MWorld Rnk 52 / 222
Flag Rnk 906 / 1214
2023
Origin $1.72M Vietnam
2022 - 2023
FASTEST GROWING ORIGIN $1.72MTunisia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.42B in Packing Bags, making it the 1st largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 350th most exported product in China. The main destination of Packing Bags exports from China are: Japan ($258M), United States ($117M), Kazakhstan ($103M), South Korea ($96.3M), and Russia ($73.2M).

The fastest growing export markets for Packing Bags of China between 2022 and 2023 were Kazakhstan ($67.6M), Malaysia ($12.1M), and Mozambique ($12M).

Imports In 2023, China imported $20.4M in Packing Bags, becoming the 52nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 906th most imported product in China. China imports Packing Bags primarily from: Vietnam ($3.83M), Thailand ($2.03M), Tunisia ($1.77M), United States ($1.5M), and Bangladesh ($1.37M).

The fastest growing import markets in Packing Bags for China between 2022 and 2023 were Tunisia ($1.72M), Thailand ($1.69M), and Australia ($486k).

COMPANIES In 2024, leading companies such as Amazon (218), Asus Computer (10), and Giorgio Armani (5) were at the forefront of shipping Packing Bags from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Packing Bags exports accounted up to $155M and imports accounted up to $1.52M, resulting in a positive trade balance of $153M. Between December 2023 and December 2024 the exports of China's   Packing Bags have increased by $8.84M (6.05%) from $146M to $155M, while imports decreased by $-530k (-25.9%) from $2.05M to $1.52M.

Destinations In December 2024, Packing Bags were exported mostly to Japan ($22.9M), United States ($13.9M), South Korea ($7.88M), Philippines ($7.55M), and Chinese Taipei ($6.02M), and were imported mostly from China ($624k), Vietnam ($429k), Germany ($101k), Italy ($67.9k), and Czechia ($49.5k).

Growth In December 2024, the increase in Packing Bags's year-by-year exports was explained primarily by an increase in exports to Japan ($4.91M or 21.4%), South Korea ($2.87M or 47.1%), and Indonesia ($2.7M or 131%). In December 2024, the decrease in Packing Bags's year-by-year imports was explained primarily by a decrease in imports from France ($-76.6k or -87.6%), India ($-58.1k or -71.7%), and Malaysia ($-44.9k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$8.84M(6.05%)
IMPORT GROWTH (December 2023 - December 2024)$-530k(-25.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Japan$22.9M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.42B
IMPORTS (2023)$20.4M
NET TRADE (2023)$1.4B

In 2023, China exported $1.42B in Packing Bags. The main destinations of China exports on Packing Bags were Japan ($258M), United States ($117M), Kazakhstan ($103M), South Korea ($96.3M), and Russia ($73.2M).

In 2023, China imported $20.4M in Packing Bags, mainly from Vietnam ($3.83M), Thailand ($2.03M), Tunisia ($1.77M), United States ($1.5M), and Bangladesh ($1.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR China WERE (2022 - 2023):
Kazakhstan$67.6M (190%)
Malaysia$12.1M (32.5%)
Mozambique$12M (94.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY China WERE (2022 - 2023):
United States-$55.4M (-32.1%)
Japan-$44.4M (-14.7%)
Canada-$23.4M (-56.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Packing Bags were:
India $1.14B
Vietnam $331M
In 2023, China's main importing competitors in Packing Bags were:
United States $658M
Japan $393M
France $253M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.8M
TOP IMPORT POTENTIALIndia+ $6.66M

Packing Bags’s highest export potential is United States. With an export gap of $27.8M.   Packing Bags’s highest import potential is India with an import gap of $6.66M.

See methodology.

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