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2022
Exports $9.56MWorld Rnk 14 / 113
Flag Rnk 1094 / 1216
2022
Destination $270k South Korea
2021 - 2022
FASTEST GROWING MARKET $270kHungary
2022
Imports $4.73MWorld Rnk 23 / 161
Flag Rnk 1080 / 1212
2022
Origin $693k United States
2021 - 2022
FASTEST GROWING ORIGIN $693kAustria
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $9.56M in Parachutes, making it the 14th largest exporter of Parachutes in the world. At the same year, Parachutes was the 1094th most exported product in China. The main destination of Parachutes exports from China are: South Korea ($3.03M), Germany ($1.41M), Austria ($1.31M), Denmark ($322k), and Hungary ($293k).

The fastest growing export markets for Parachutes of China between 2021 and 2022 were Hungary ($270k), South Korea ($229k), and Belgium ($203k).

Imports In 2022, China imported $4.73M in Parachutes, becoming the 23rd largest importer of Parachutes in the world. At the same year, Parachutes was the 1080th most imported product in China. China imports Parachutes primarily from: United States ($1.02M), Vietnam ($936k), South Korea ($739k), Austria ($694k), and Czechia ($218k).

The fastest growing import markets in Parachutes for China between 2021 and 2022 were Austria ($693k), Vietnam ($283k), and New Zealand ($159k).

Latest Trends

August 2024

About

Overview In August 2024 China's Parachutes exports accounted up to $579k and imports accounted up to $186k, resulting in a positive trade balance of $393k. Between August 2023 and August 2024 the exports of China's   Parachutes have increased by $200k (52.9%) from $379k to $579k, while imports increased by $98.1k (112%) from $87.5k to $186k.

Destinations In August 2024, Parachutes were exported mostly to Indonesia ($149k), Germany ($132k), South Korea ($113k), Austria ($82.6k), and Ghana ($25.8k), and were imported mostly from United States ($74.1k), Australia ($40.7k), Czechia ($23.1k), New Zealand ($22.2k), and Switzerland ($17.4k).

Growth In August 2024, the increase in Parachutes's year-by-year exports was explained primarily by an increase in exports to United States ($23.3k or 153%), Switzerland ($3.99k or 251%), and Australia ($215 or 16.1%). In August 2024, the increase in Parachutes's year-by-year imports was explained primarily by an increase in imports from South Korea ($12.1k or 340%) and Czechia ($8.81k or 98%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$200k(52.9%)
IMPORT GROWTH (August 2023 - August 2024)$98.1k(112%)
MAIN EXPORTER (August 2024)Guangdong Province$630k
MAIN DESTINATION (August 2024)Indonesia$149k

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.56M
IMPORTS (2022)$4.73M
NET TRADE (2022)$4.83M

In 2022, China exported $9.56M in Parachutes. The main destinations of China exports on Parachutes were South Korea ($3.03M), Germany ($1.41M), Austria ($1.31M), Denmark ($322k), and Hungary ($293k).

In 2022, China imported $4.73M in Parachutes, mainly from United States ($1.02M), Vietnam ($936k), South Korea ($739k), Austria ($694k), and Czechia ($218k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR China WERE (2021 - 2022):
Hungary$270k (1.14k%)
South Korea$229k (8.16%)
Belgium$203k (913%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY China WERE (2021 - 2022):
Laos-$780k (-100%)
Hong Kong-$392k (-59.5%)
Germany-$304k (-17.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Parachutes were:
United States $127M
Vietnam $37.5M
United Kingdom $29.9M
In 2022, China's main importing competitors in Parachutes were:
United States $57.3M
France $43.1M
Germany $39.7M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $352k
TOP IMPORT POTENTIALVietnam+ $840k

Parachutes’s highest export potential is Germany. With an export gap of $352k.   Parachutes’s highest import potential is Vietnam with an import gap of $840k.

See methodology.

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