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2023
Exports $2.26MWorld Rnk 41 / 79
Flag Rnk 1164 / 1215
2023
Destination $1.01M Pakistan
2022 - 2023
FASTEST GROWING MARKET $1.01MPakistan
2023
PRODUCT COMPLEXITY IN Rapeseed-0.22Rnk 622 / 1025
2023
Imports $3.27BWorld Rnk 2 / 125
Flag Rnk 100 / 1214
2023
Origin $1.43B Canada
2022 - 2023
FASTEST GROWING ORIGIN $1.43BCanada
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.26M in Rapeseed, making it the 41st largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 1164th most exported product in China. The main destination of Rapeseed exports from China are: Pakistan ($2.09M), Saudi Arabia ($96k), Japan ($26.9k), United Arab Emirates ($22.4k), and Bahrain ($10.9k).

The fastest growing export markets for Rapeseed of China between 2022 and 2023 were Pakistan ($1.01M), Saudi Arabia ($95.6k), and United Arab Emirates ($22.4k).

Imports In 2023, China imported $3.27B in Rapeseed, becoming the 2nd largest importer of Rapeseed in the world. At the same year, Rapeseed was the 100th most imported product in China. China imports Rapeseed primarily from: Canada ($3.02B), Russia ($210M), Mongolia ($46.5M), Japan ($17.1k), and Italy ($1.13k).

The fastest growing import markets in Rapeseed for China between 2022 and 2023 were Canada ($1.43B), Russia ($167M), and Mongolia ($32.7M).

Latest Trends

December 2024

About

Overview In December 2024 China's Rapeseed exports accounted up to $37k and imports accounted up to $320M, resulting in a negative trade balance of $320M. Between September 2022 and December 2024 the exports of China's   Rapeseed have increased by $31.6k (587%) from $5.39k to $37k, while imports decreased by $-134M (-29.5%) from $455M to $320M.

Destinations In December 2024, Rapeseed were exported mostly to Pakistan ($37k), and were imported mostly from Canada ($311M), Mongolia ($7.56M), Russia ($1.86M), and France ($42).

Growth In December 2024, the increase in Rapeseed's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the decrease in Rapeseed's year-by-year imports was explained primarily by a decrease in imports from Canada ($-340M or -75.3%) and Russia ($-8.4M or -32.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - December 2024)$31.6k(587%)
IMPORT GROWTH (December 2023 - December 2024)$-134M(-29.5%)
MAIN EXPORTER (December 2024)Hubei Province$266k
MAIN DESTINATION (December 2024)Pakistan$37k

This section shows Rapeseed'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 Rapeseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.26M
IMPORTS (2023)$3.27B
NET TRADE (2023)-$3.27B

In 2023, China exported $2.26M in Rapeseed. The main destinations of China exports on Rapeseed were Pakistan ($2.09M), Saudi Arabia ($96k), Japan ($26.9k), United Arab Emirates ($22.4k), and Bahrain ($10.9k).

In 2023, China imported $3.27B in Rapeseed, mainly from Canada ($3.02B), Russia ($210M), Mongolia ($46.5M), Japan ($17.1k), and Italy ($1.13k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed EXPORT MARKETS FOR China WERE (2022 - 2023):
Pakistan$1.01M (94.3%)
Saudi Arabia$95.6k (22.8k%)
United Arab Emirates$22.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed BY China WERE (2022 - 2023):
Japan-$254k (-90.4%)
South Korea-$60.9k (-100%)
Poland-$12k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Rapeseed were:
Canada $4.57B
Australia $4.03B
Romania $1.49B
In 2023, China's main importing competitors in Rapeseed were:
Germany $3.36B
Japan $1.29B

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Trade Value of Rapeseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPakistan+ $569k
TOP IMPORT POTENTIALRussia+ $17.8M

Rapeseed’s highest export potential is Pakistan. With an export gap of $569k.   Rapeseed’s highest import potential is Russia with an import gap of $17.8M.

See methodology.

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