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2023
Exports $498MWorld Rnk 4 / 147
Flag Rnk 563 / 1215
2023
Destination $22M Vietnam
2022 - 2023
FASTEST GROWING MARKET $22MVietnam
2023
PRODUCT COMPLEXITY IN Rock Wool0.69Rnk 288 / 1025
2023
Imports $126MWorld Rnk 13 / 220
Flag Rnk 590 / 1214
2023
Origin $20.2M Japan
2022 - 2023
FASTEST GROWING ORIGIN $20.2MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $498M in Rock Wool, making it the 4th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 563rd most exported product in China. The main destination of Rock Wool exports from China are: Vietnam ($47M), India ($37.1M), Japan ($35.4M), Chinese Taipei ($31M), and Indonesia ($30.5M).

The fastest growing export markets for Rock Wool of China between 2022 and 2023 were Vietnam ($22M), Russia ($6.12M), and Philippines ($6.04M).

Imports In 2023, China imported $126M in Rock Wool, becoming the 13th largest importer of Rock Wool in the world. At the same year, Rock Wool was the 590th most imported product in China. China imports Rock Wool primarily from: Japan ($54.9M), United States ($32.7M), United Kingdom ($6.01M), Netherlands ($5.93M), and Poland ($4.16M).

The fastest growing import markets in Rock Wool for China between 2022 and 2023 were United States ($20.2M), Japan ($4.18M), and Mexico ($1.42M).

COMPANIES In 2024, leading companies such as CrimsonLogic (7), IKEA Group (4), and Amazon (1) were at the forefront of shipping Rock Wool from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Rock Wool exports accounted up to $48.8M and imports accounted up to $11.6M, resulting in a positive trade balance of $37.2M. Between December 2023 and December 2024 the exports of China's   Rock Wool have increased by $6.48M (15.3%) from $42.4M to $48.8M, while imports increased by $895k (8.36%) from $10.7M to $11.6M.

Destinations In December 2024, Rock Wool were exported mostly to Indonesia ($5.45M), Vietnam ($5.08M), Chinese Taipei ($2.93M), Russia ($2.6M), and Thailand ($2.4M), and were imported mostly from Japan ($5.47M), United States ($1.65M), Germany ($1.64M), Italy ($718k), and Netherlands ($684k).

Growth In December 2024, the increase in Rock Wool's year-by-year exports was explained primarily by an increase in exports to Singapore ($2.66M or 598%), Indonesia ($1.71M or 48.8%), and Democratic Republic of the Congo ($1.12M or 963%). In December 2024, the increase in Rock Wool's year-by-year imports was explained primarily by an increase in imports from Japan ($1.02M or 41.1%), United States ($288k or 10.4%), and India ($122k or 16.6k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6.48M(15.3%)
IMPORT GROWTH (December 2023 - December 2024)$895k(8.36%)
MAIN EXPORTER (December 2024)Jiangsu Province$9.34M
MAIN DESTINATION (December 2024)Indonesia$5.45M

This section shows Rock Wool'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 Rock Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$498M
IMPORTS (2023)$126M
NET TRADE (2023)$372M

In 2023, China exported $498M in Rock Wool. The main destinations of China exports on Rock Wool were Vietnam ($47M), India ($37.1M), Japan ($35.4M), Chinese Taipei ($31M), and Indonesia ($30.5M).

In 2023, China imported $126M in Rock Wool, mainly from Japan ($54.9M), United States ($32.7M), United Kingdom ($6.01M), Netherlands ($5.93M), and Poland ($4.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$22M (88.4%)
Russia$6.12M (80.4%)
Philippines$6.04M (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY China WERE (2022 - 2023):
Italy-$28.6M (-62.9%)
Chinese Taipei-$6.96M (-18.3%)
Bangladesh-$5.63M (-38.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Rock Wool were:
Germany $585M
Poland $564M
United States $504M
In 2023, China's main importing competitors in Rock Wool were:
Germany $535M
United States $420M
Italy $311M

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $16.4M
TOP IMPORT POTENTIALGermany+ $5.84M

Rock Wool’s highest export potential is India. With an export gap of $16.4M.   Rock Wool’s highest import potential is Germany with an import gap of $5.84M.

See methodology.

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