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2022
Exports $1.52BWorld Rnk 1 / 202
Flag Rnk 352 / 1216
2022
Destination $45.9M United States
2021 - 2022
FASTEST GROWING MARKET $45.9MUnited States
2022
PRODUCT COMPLEXITY IN Rubber Belting0.48Rnk 373 / 1025
2022
Imports $175MWorld Rnk 7 / 224
Flag Rnk 535 / 1212
2022
Origin $2.14M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.14MIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.52B in Rubber Belting, making it the 1st largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 352nd most exported product in China. The main destination of Rubber Belting exports from China are: United States ($160M), Australia ($97.4M), Brazil ($79.1M), Russia ($71.5M), and Vietnam ($53.9M).

The fastest growing export markets for Rubber Belting of China between 2021 and 2022 were United States ($45.9M), Brazil ($28.4M), and Chile ($22.5M).

Imports In 2022, China imported $175M in Rubber Belting, becoming the 7th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 535th most imported product in China. China imports Rubber Belting primarily from: Japan ($51.5M), Germany ($38M), Thailand ($16M), Switzerland ($9.27M), and United States ($8.57M).

The fastest growing import markets in Rubber Belting for China between 2021 and 2022 were India ($2.14M), Sweden ($1M), and United Arab Emirates ($876k).

COMPANIES In 2023, leading companies such as Schindler Elevators (580), John Deere (144), and CrimsonLogic (53) were at the forefront of shipping Rubber Belting from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Rubber Belting exports accounted up to $125M and imports accounted up to $17.4M, resulting in a positive trade balance of $107M. Between October 2023 and October 2024 the exports of China's   Rubber Belting have increased by $17.7M (16.5%) from $107M to $125M, while imports increased by $598k (3.57%) from $16.8M to $17.4M.

Destinations In October 2024, Rubber Belting were exported mostly to United States ($9.41M), United Arab Emirates ($9.12M), Russia ($8.51M), Brazil ($6.78M), and Australia ($6.04M), and were imported mostly from Japan ($6.66M), Germany ($2.81M), Thailand ($1.03M), United Kingdom ($935k), and United States ($910k).

Growth In October 2024, the increase in Rubber Belting's year-by-year exports was explained primarily by an increase in exports to Chile ($6.21M or 311%), Australia ($4.81M or 64.2%), and Russia ($4.31M or 77.5%). In October 2024, the increase in Rubber Belting's year-by-year imports was explained primarily by an increase in imports from Germany ($477k or 17.2%), Thailand ($363k or 49.5%), and South Korea ($167k or 66.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$17.7M(16.5%)
IMPORT GROWTH (October 2023 - October 2024)$598k(3.57%)
MAIN EXPORTER (October 2024)Zhejiang Province$48.9M
MAIN DESTINATION (October 2024)United States$9.41M

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.52B
IMPORTS (2022)$175M
NET TRADE (2022)$1.35B

In 2022, China exported $1.52B in Rubber Belting. The main destinations of China exports on Rubber Belting were United States ($160M), Australia ($97.4M), Brazil ($79.1M), Russia ($71.5M), and Vietnam ($53.9M).

In 2022, China imported $175M in Rubber Belting, mainly from Japan ($51.5M), Germany ($38M), Thailand ($16M), Switzerland ($9.27M), and United States ($8.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$45.9M (40.1%)
Brazil$28.4M (56%)
Chile$22.5M (98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY China WERE (2021 - 2022):
South Africa-$10.1M (-23.3%)
Ghana-$2.16M (-25.9%)
Mongolia-$1.55M (-39.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Rubber Belting were:
Germany $926M
United States $480M
In 2022, China's main importing competitors in Rubber Belting were:
United States $884M
Germany $562M
Canada $287M

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37M
TOP IMPORT POTENTIALGermany+ $9.22M

Rubber Belting’s highest export potential is United States. With an export gap of $37M.   Rubber Belting’s highest import potential is Germany with an import gap of $9.22M.

See methodology.

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