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2022
Exports $546MWorld Rnk 1 / 130
Flag Rnk 568 / 1216
2022
Destination $32.3M Indonesia
2021 - 2022
FASTEST GROWING MARKET $32.3MIndonesia
2022
PRODUCT COMPLEXITY IN Refractory Cements0.7Rnk 278 / 1025
2022
Imports $33.8MWorld Rnk 25 / 214
Flag Rnk 846 / 1212
2022
Origin $4.01M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $4.01MRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $546M in Refractory Cements, making it the 1st largest exporter of Refractory Cements in the world. At the same year, Refractory Cements was the 568th most exported product in China. The main destination of Refractory Cements exports from China are: Indonesia ($237M), Malaysia ($52.7M), Vietnam ($38.7M), Thailand ($24.8M), and South Korea ($22.5M).

The fastest growing export markets for Refractory Cements of China between 2021 and 2022 were Indonesia ($32.3M), Malaysia ($25M), and Burma ($5.39M).

Imports In 2022, China imported $33.8M in Refractory Cements, becoming the 25th largest importer of Refractory Cements in the world. At the same year, Refractory Cements was the 846th most imported product in China. China imports Refractory Cements primarily from: Netherlands ($4.68M), Russia ($4.01M), Italy ($3.35M), United States ($3.18M), and Spain ($2.76M).

The fastest growing import markets in Refractory Cements for China between 2021 and 2022 were Russia ($4.01M), Netherlands ($3.57M), and Poland ($1.4M).

COMPANIES In 2023, leading companies such as RHI Magnesita (2) were at the forefront of shipping Refractory Cements from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Refractory Cements exports accounted up to $41.9M and imports accounted up to $2.6M, resulting in a positive trade balance of $39.3M. Between October 2023 and October 2024 the exports of China's   Refractory Cements have decreased by $-2.61M (-5.86%) from $44.5M to $41.9M, while imports increased by $215k (9.02%) from $2.39M to $2.6M.

Destinations In October 2024, Refractory Cements were exported mostly to Indonesia ($16.8M), Vietnam ($3.67M), Malaysia ($2.49M), Russia ($2.38M), and Thailand ($1.57M), and were imported mostly from United States ($644k), Austria ($474k), Hungary ($251k), Japan ($212k), and South Korea ($205k).

Growth In October 2024, the decrease in Refractory Cements's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-3.65M or -14.2%), Pakistan ($-1.41M or -77.6%), and Hong Kong ($-754k or -60.9%). In October 2024, the increase in Refractory Cements's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($497k or 241%), United States ($446k or 89.8%), and Italy ($396k or 190%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-2.61M(-5.86%)
IMPORT GROWTH (October 2023 - October 2024)$215k(9.02%)
MAIN EXPORTER (October 2024)Guangdong Province$8.61M
MAIN DESTINATION (October 2024)Indonesia$16.8M

This section shows Refractory Cements'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 Refractory Cements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$546M
IMPORTS (2022)$33.8M
NET TRADE (2022)$512M

In 2022, China exported $546M in Refractory Cements. The main destinations of China exports on Refractory Cements were Indonesia ($237M), Malaysia ($52.7M), Vietnam ($38.7M), Thailand ($24.8M), and South Korea ($22.5M).

In 2022, China imported $33.8M in Refractory Cements, mainly from Netherlands ($4.68M), Russia ($4.01M), Italy ($3.35M), United States ($3.18M), and Spain ($2.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refractory Cements EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$32.3M (15.8%)
Malaysia$25M (90.4%)
Burma$5.39M (285%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refractory Cements BY China WERE (2021 - 2022):
Vietnam-$5.76M (-13%)
Ukraine-$5.13M (-66.5%)
Japan-$3.41M (-40%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Refractory Cements were:
Germany $375M
United States $257M
In 2022, China's main importing competitors in Refractory Cements were:
Indonesia $256M
Russia $154M
Canada $131M

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Trade Value of Refractory Cements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $20.5M
TOP IMPORT POTENTIALUnited States+ $2.01M

Refractory Cements’s highest export potential is India. With an export gap of $20.5M.   Refractory Cements’s highest import potential is United States with an import gap of $2.01M.

See methodology.

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