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2022
Exports $156BWorld Rnk 1 / 226
Flag Rnk 3 / 96
2022
Destination $1.93B United States
2021 - 2022
FASTEST GROWING MARKET $1.93BUnited States
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof1.72Rnk 19 / 1025
2022
Imports $73.4BWorld Rnk 2 / 226
Flag Rnk 6 / 96
2022
Origin $2.14B South Korea
2021 - 2022
FASTEST GROWING ORIGIN $2.14BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $156B in Plastics & articles thereof, making it the 1st largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 3rd most exported product in China. The main destination of Plastics & articles thereof exports from China are: United States ($28.7B), Vietnam ($7.23B), Japan ($6.49B), India ($5.82B), and Germany ($5.46B).

The fastest growing export markets for Plastics & articles thereof of China between 2021 and 2022 were United States ($1.93B), Germany ($1.77B), and Australia ($1.74B).

Imports In 2022, China imported $73.4B in Plastics & articles thereof, becoming the 2nd largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 6th most imported product in China. China imports Plastics & articles thereof primarily from: South Korea ($12.1B), Japan ($9.56B), United States ($8.53B), Chinese Taipei ($7.3B), and Singapore ($5.32B).

The fastest growing import markets in Plastics & articles thereof for China between 2021 and 2022 were United States ($2.14B), Saudi Arabia ($1.03B), and Kuwait ($310M).

COMPANIES In 2023, leading companies such as CrimsonLogic (6.29k), Amazon (3.16k), and Direct Link (2.41k) were at the forefront of shipping Plastics & articles thereof from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Plastics & articles thereof exports accounted up to $11.5B and imports accounted up to $5.25B, resulting in a positive trade balance of $6.28B. Between August 2023 and August 2024 the exports of China's   Plastics & articles thereof have increased by $642M (5.89%) from $10.9B to $11.5B, while imports decreased by $-88.2M (-1.65%) from $5.34B to $5.25B.

Destinations In August 2024, Plastics & articles thereof were exported mostly to United States ($1.94B), Vietnam ($643M), India ($569M), Japan ($419M), and South Korea ($411M), and were imported mostly from South Korea ($825M), Japan ($787M), United States ($728M), Chinese Taipei ($451M), and United Arab Emirates ($282M).

Growth In August 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to Singapore ($200M or 127%), India ($111M or 23%), and Australia ($71.8M or 20.4%). In August 2024, the decrease in Plastics & articles thereof's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-606M or -45.4%), Chinese Taipei ($-495M or -58.7%), and Japan ($-381M or -40.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$642M(5.89%)
IMPORT GROWTH (August 2023 - August 2024)$-88.2M(-1.65%)
MAIN EXPORTER (August 2024)Zhejiang Province$3.59B
MAIN DESTINATION (August 2024)United States$1.94B

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$156B
IMPORTS (2022)$73.4B
NET TRADE (2022)$82.2B

In 2022, China exported $156B in Plastics & articles thereof. The main destinations of China exports on Plastics & articles thereof were United States ($28.7B), Vietnam ($7.23B), Japan ($6.49B), India ($5.82B), and Germany ($5.46B).

In 2022, China imported $73.4B in Plastics & articles thereof, mainly from South Korea ($12.1B), Japan ($9.56B), United States ($8.53B), Chinese Taipei ($7.3B), and Singapore ($5.32B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$1.93B (7.2%)
Germany$1.77B (48.1%)
Australia$1.74B (53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY China WERE (2021 - 2022):
China-$483M (-31.3%)
Ukraine-$198M (-43.1%)
Sri Lanka-$63.3M (-24.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Plastics & articles thereof were:
United States $95.2B
Germany $86.5B
In 2022, China's main importing competitors in Plastics & articles thereof were:
United States $96.2B
Germany $59.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.17B
TOP IMPORT POTENTIALUnited States+ $1.52B

Plastics & articles thereof’s highest export potential is India. With an export gap of $3.17B.   Plastics & articles thereof’s highest import potential is United States with an import gap of $1.52B.

See methodology.

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