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2023
Exports $988MWorld Rnk 1 / 194
Flag Rnk 425 / 1215
2023
Destination $42.3M Japan
2022 - 2023
FASTEST GROWING MARKET $42.3MHong Kong
2023
PRODUCT COMPLEXITY IN Perfume Plants-1.84Rnk 985 / 1025
2023
Imports $337MWorld Rnk 3 / 215
Flag Rnk 408 / 1214
2023
Origin $26.6M Canada
2022 - 2023
FASTEST GROWING ORIGIN $26.6MCanada
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $988M in Perfume Plants, making it the 1st largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 425th most exported product in China. The main destination of Perfume Plants exports from China are: Japan ($261M), Chinese Taipei ($139M), Hong Kong ($132M), South Korea ($130M), and Vietnam ($91.2M).

The fastest growing export markets for Perfume Plants of China between 2022 and 2023 were Hong Kong ($42.3M), Japan ($38.1M), and South Korea ($35M).

Imports In 2023, China imported $337M in Perfume Plants, becoming the 3rd largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 408th most imported product in China. China imports Perfume Plants primarily from: Canada ($86.4M), Burma ($47.2M), Vietnam ($37.5M), South Korea ($32.3M), and India ($30.2M).

The fastest growing import markets in Perfume Plants for China between 2022 and 2023 were Canada ($26.6M), Vietnam ($5.77M), and United States ($4.83M).

COMPANIES In 2024, leading companies such as PACCAR Engine (12), IKEA Group (4), and Euromarket Designs (1) were at the forefront of shipping Perfume Plants from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Perfume Plants exports accounted up to $97.1M and imports accounted up to $17M, resulting in a positive trade balance of $80.1M. Between December 2023 and December 2024 the exports of China's   Perfume Plants have increased by $2.58M (2.74%) from $94.5M to $97.1M, while imports decreased by $-876k (-4.9%) from $17.9M to $17M.

Destinations In December 2024, Perfume Plants were exported mostly to Japan ($22.2M), Hong Kong ($13.8M), Chinese Taipei ($13.7M), South Korea ($13.5M), and Vietnam ($8.66M), and were imported mostly from Laos ($2.88M), South Korea ($2.69M), Burma ($2.1M), Vietnam ($1.37M), and United States ($1.28M).

Growth In December 2024, the increase in Perfume Plants's year-by-year exports was explained primarily by an increase in exports to Japan ($7.37M or 38.4%), Hong Kong ($6.16M or 66.2%), and Chinese Taipei ($6.05M or 114%). In December 2024, the decrease in Perfume Plants's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-4.18M or -70%), Vietnam ($-1.23M or -30.6%), and Russia ($-970k or -75.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$2.58M(2.74%)
IMPORT GROWTH (December 2023 - December 2024)$-876k(-4.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Japan$22.2M

This section shows Perfume Plants'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 Perfume Plants over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$988M
IMPORTS (2023)$337M
NET TRADE (2023)$650M

In 2023, China exported $988M in Perfume Plants. The main destinations of China exports on Perfume Plants were Japan ($261M), Chinese Taipei ($139M), Hong Kong ($132M), South Korea ($130M), and Vietnam ($91.2M).

In 2023, China imported $337M in Perfume Plants, mainly from Canada ($86.4M), Burma ($47.2M), Vietnam ($37.5M), South Korea ($32.3M), and India ($30.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR China WERE (2022 - 2023):
Hong Kong$42.3M (47.4%)
Japan$38.1M (17.1%)
South Korea$35M (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY China WERE (2022 - 2023):
New Zealand-$9.33M (-94.5%)
United States-$8.95M (-24.3%)
Ireland-$6.9M (-52.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Perfume Plants were:
India $467M
Canada $279M
In 2023, China's main importing competitors in Perfume Plants were:
United States $512M
Germany $428M

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Trade Value of Perfume Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.2M
TOP IMPORT POTENTIALIndia+ $29.7M

Perfume Plants’s highest export potential is United States. With an export gap of $18.2M.   Perfume Plants’s highest import potential is India with an import gap of $29.7M.

See methodology.

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