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2022
Exports $1.34BWorld Rnk 1 / 187
Flag Rnk 373 / 1216
2022
Destination $32.1M United States
2021 - 2022
FASTEST GROWING MARKET $32.1MMalaysia
2022
PRODUCT COMPLEXITY IN Small Iron Containers-0.092Rnk 578 / 1025
2022
Imports $174MWorld Rnk 10 / 221
Flag Rnk 537 / 1212
2022
Origin $3.27M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $3.27MThailand
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.34B in Small Iron Containers, making it the 1st largest exporter of Small Iron Containers in the world. At the same year, Small Iron Containers was the 373rd most exported product in China. The main destination of Small Iron Containers exports from China are: United States ($194M), South Korea ($95M), United Kingdom ($79.5M), Vietnam ($68.1M), and Malaysia ($61.9M).

The fastest growing export markets for Small Iron Containers of China between 2021 and 2022 were Malaysia ($32.1M), Vietnam ($25.9M), and Hong Kong ($15.7M).

Imports In 2022, China imported $174M in Small Iron Containers, becoming the 10th largest importer of Small Iron Containers in the world. At the same year, Small Iron Containers was the 537th most imported product in China. China imports Small Iron Containers primarily from: South Korea ($112M), Japan ($8.25M), United States ($7.13M), Thailand ($7.13M), and Germany ($5.17M).

The fastest growing import markets in Small Iron Containers for China between 2021 and 2022 were Thailand ($3.27M), Brunei ($2.9M), and Hungary ($2.71M).

COMPANIES In 2023, leading companies such as Loblaws Supermarkets (3), 99 Cents Only Stores (1), and IKEA Group (1) were at the forefront of shipping Small Iron Containers from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Small Iron Containers exports accounted up to $104M and imports accounted up to $9.68M, resulting in a positive trade balance of $94.1M. Between November 2023 and November 2024 the exports of China's   Small Iron Containers have increased by $2.29M (2.25%) from $101M to $104M, while imports increased by $968k (11.1%) from $8.71M to $9.68M.

Destinations In November 2024, Small Iron Containers were exported mostly to United States ($17.7M), Vietnam ($7.51M), Malaysia ($6M), Japan ($4.42M), and Mexico ($4.28M), and were imported mostly from South Korea ($4.54M), United States ($2.01M), Japan ($1.27M), Germany ($658k), and Switzerland ($185k).

Growth In November 2024, the increase in Small Iron Containers's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($4.07M or 172%), Australia ($3.05M or 117%), and Malaysia ($2.49M or 62.5%). In November 2024, the increase in Small Iron Containers's year-by-year imports was explained primarily by an increase in imports from Germany ($448k or 199%), Thailand ($63.1k or 185%), and Italy ($58.1k or 18.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$2.29M(2.25%)
IMPORT GROWTH (November 2023 - November 2024)$968k(11.1%)
MAIN EXPORTER (November 2024)Guangdong Province$62.9M
MAIN DESTINATION (November 2024)United States$17.7M

This section shows Small Iron Containers'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 Small Iron Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.34B
IMPORTS (2022)$174M
NET TRADE (2022)$1.16B

In 2022, China exported $1.34B in Small Iron Containers. The main destinations of China exports on Small Iron Containers were United States ($194M), South Korea ($95M), United Kingdom ($79.5M), Vietnam ($68.1M), and Malaysia ($61.9M).

In 2022, China imported $174M in Small Iron Containers, mainly from South Korea ($112M), Japan ($8.25M), United States ($7.13M), Thailand ($7.13M), and Germany ($5.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Small Iron Containers EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$32.1M (108%)
Vietnam$25.9M (61.3%)
Hong Kong$15.7M (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Small Iron Containers BY China WERE (2021 - 2022):
United States-$57.9M (-23%)
Singapore-$6.47M (-37.9%)
New Zealand-$2.06M (-18.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Small Iron Containers were:
United States $820M
Germany $735M
In 2022, China's main importing competitors in Small Iron Containers were:
Germany $628M
United States $610M
France $566M

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Trade Value of Small Iron Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $23M
TOP IMPORT POTENTIALUnited States+ $6.94M

Small Iron Containers’s highest export potential is India. With an export gap of $23M.   Small Iron Containers’s highest import potential is United States with an import gap of $6.94M.

See methodology.

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