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2022
Exports $167MWorld Rnk 1 / 82
Flag Rnk 1938 / 4606
falsefalse India
2022
Imports $1.99MWorld Rnk 40 / 152
Flag Rnk 3700 / 4539
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $167M in Salts of formic acid, making it the 1st largest exporter of Salts of formic acid in the world. At the same year, Salts of formic acid was the 1938th most exported product in China. The main destination of Salts of formic acid exports from China are: India ($21.3M), Russia ($16.6M), Brazil ($14.9M), Singapore ($11.4M), and United States ($11.3M).

Imports In 2022, China imported $1.99M in Salts of formic acid, becoming the 40th largest importer of Salts of formic acid in the world. At the same year, Salts of formic acid was the 3700th most imported product in China. China imports Salts of formic acid primarily from: United States ($587k), Netherlands ($578k), Germany ($295k), Chinese Taipei ($147k), and Canada ($111k).

The fastest growing import markets in Salts of formic acid for China between 2021 and 2022 were Netherlands ($130k), Canada ($111k), and Germany ($40k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Salts of formic acid from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Salts of formic acid exports accounted up to $7.67M and imports accounted up to $176k, resulting in a positive trade balance of $7.49M. Between July 2023 and July 2024 the exports of China's   Salts of formic acid have decreased by $-5.52M (-41.9%) from $13.2M to $7.67M, while imports increased by $124k (239%) from $52k to $176k.

Destinations In July 2024, Salts of formic acid were exported mostly to Canada ($1.09M), Netherlands ($831k), United States ($748k), Brazil ($610k), and India ($509k), and were imported mostly from United States ($84.7k), Chinese Taipei ($30.4k), Germany ($26.5k), Italy ($21.6k), and India ($7.65k).

Growth In July 2024, the decrease in Salts of formic acid's year-by-year exports was explained primarily by a decrease in exports to N/A. In July 2024, the increase in Salts of formic acid's year-by-year imports was explained primarily by an increase in imports from India ($13.3k or 77.1%) and Switzerland ($2.49k or 199%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-5.52M(-41.9%)
IMPORT GROWTH (July 2023 - July 2024)$124k(239%)
MAIN DESTINATION (July 2024)Canada$1.09M

This section shows Salts of formic acid'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 Salts of formic acid over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Salts of formic acid throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$167M
IMPORTS (2022)$1.99M
NET TRADE (2022)$165M

In 2022, China exported $167M in Salts of formic acid. The main destinations of China exports on Salts of formic acid were India ($21.3M), Russia ($16.6M), Brazil ($14.9M), Singapore ($11.4M), and United States ($11.3M).

In 2022, China imported $1.99M in Salts of formic acid, mainly from United States ($587k), Netherlands ($578k), Germany ($295k), Chinese Taipei ($147k), and Canada ($111k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, China's main exporting competitors in Salts of formic acid were:
Germany $65M
Sweden $41.7M
In 2022, China's main importing competitors in Salts of formic acid were:
India $33.1M
United States $31.9M
Italy $29.7M

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Trade Value of Salts of formic acid by Exporters

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