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2022
Exports $2.05BWorld Rnk 2 / 202
Flag Rnk 293 / 1216
2022
Destination $309M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $309MHong Kong
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.62Rnk 736 / 1025
2022
Imports $205MWorld Rnk 23 / 225
Flag Rnk 511 / 1212
2022
Origin $1.45M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $1.45MHong Kong
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.05B in Sauces and Seasonings, making it the 2nd largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 293rd most exported product in China. The main destination of Sauces and Seasonings exports from China are: Hong Kong ($592M), Malaysia ($191M), Thailand ($174M), United States ($163M), and South Korea ($141M).

The fastest growing export markets for Sauces and Seasonings of China between 2021 and 2022 were Hong Kong ($309M), Vietnam ($37.6M), and United States ($35.6M).

Imports In 2022, China imported $205M in Sauces and Seasonings, becoming the 23rd largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 511th most imported product in China. China imports Sauces and Seasonings primarily from: South Korea ($44.5M), Thailand ($29.5M), Japan ($27.7M), Hong Kong ($14.8M), and Chinese Taipei ($14.5M).

The fastest growing import markets in Sauces and Seasonings for China between 2021 and 2022 were Hong Kong ($1.45M), Thailand ($1.07M), and Spain ($991k).

COMPANIES In 2023, leading companies such as Walong Marketing (34), Wismettac Asian Foods (14), and Loblaws Supermarkets (13) were at the forefront of shipping Sauces and Seasonings from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Sauces and Seasonings exports accounted up to $115M and imports accounted up to $19.7M, resulting in a positive trade balance of $95.7M. Between September 2023 and September 2024 the exports of China's   Sauces and Seasonings have decreased by $-56.9M (-33%) from $172M to $115M, while imports decreased by $-687k (-3.37%) from $20.4M to $19.7M.

Destinations In September 2024, Sauces and Seasonings were exported mostly to United States ($15.2M), South Korea ($12.1M), Hong Kong ($11.1M), Nigeria ($6.24M), and Japan ($5.81M), and were imported mostly from Thailand ($3.09M), South Korea ($2.61M), Japan ($2.13M), United States ($2.06M), and Italy ($1.72M).

Growth In September 2024, the decrease in Sauces and Seasonings's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-21M or -64.8%), South Korea ($-4.65M or -28.1%), and United States ($-4.45M or -28.9%). In September 2024, the decrease in Sauces and Seasonings's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-612k or -21.6%), Hong Kong ($-492k or -37.6%), and Thailand ($-365k or -13.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-56.9M(-33%)
IMPORT GROWTH (September 2023 - September 2024)$-687k(-3.37%)
MAIN EXPORTER (September 2024)Guangdong Province$40.5M
MAIN DESTINATION (September 2024)United States$15.2M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.05B
IMPORTS (2022)$205M
NET TRADE (2022)$1.85B

In 2022, China exported $2.05B in Sauces and Seasonings. The main destinations of China exports on Sauces and Seasonings were Hong Kong ($592M), Malaysia ($191M), Thailand ($174M), United States ($163M), and South Korea ($141M).

In 2022, China imported $205M in Sauces and Seasonings, mainly from South Korea ($44.5M), Thailand ($29.5M), Japan ($27.7M), Hong Kong ($14.8M), and Chinese Taipei ($14.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR China WERE (2021 - 2022):
Hong Kong$309M (109%)
Vietnam$37.6M (266%)
United States$35.6M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY China WERE (2021 - 2022):
Thailand-$127M (-42.2%)
Malaysia-$46.1M (-19.5%)
Ghana-$8.93M (-35.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Sauces and Seasonings were:
United States $2.15B
Italy $1.54B
In 2022, China's main importing competitors in Sauces and Seasonings were:
United States $2.23B
United Kingdom $1.01B
France $968M

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $61.4M
TOP IMPORT POTENTIALThailand+ $15M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $61.4M.   Sauces and Seasonings’s highest import potential is Thailand with an import gap of $15M.

See methodology.

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