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2023
Exports $172MWorld Rnk 5 / 178
Flag Rnk 788 / 1215
2023
Destination $11.4M United States
2022 - 2023
FASTEST GROWING MARKET $11.4MUnited States
2023
PRODUCT COMPLEXITY IN Soups and Broths-0.55Rnk 719 / 1025
2023
Imports $11.3MWorld Rnk 63 / 224
Flag Rnk 980 / 1214
2023
Origin $251k Japan
2022 - 2023
FASTEST GROWING ORIGIN $251kFrance
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $172M in Soups and Broths, making it the 5th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 788th most exported product in China. The main destination of Soups and Broths exports from China are: United States ($42.9M), Hong Kong ($25.9M), Indonesia ($19.5M), Liberia ($16.3M), and Japan ($14.8M).

The fastest growing export markets for Soups and Broths of China between 2022 and 2023 were United States ($11.4M), Liberia ($2.73M), and Indonesia ($2.63M).

Imports In 2023, China imported $11.3M in Soups and Broths, becoming the 63rd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 980th most imported product in China. China imports Soups and Broths primarily from: Japan ($2.16M), Netherlands ($1.93M), Spain ($1.12M), France ($873k), and Chinese Taipei ($775k).

The fastest growing import markets in Soups and Broths for China between 2022 and 2023 were France ($251k), Thailand ($183k), and New Zealand ($105k).

COMPANIES In 2024, leading companies such as Electrolux (32), IKEA Group (8), and Stanley Black & Decker (7) were at the forefront of shipping Soups and Broths from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Soups and Broths exports accounted up to $6.94M and imports accounted up to $894k, resulting in a positive trade balance of $6.05M. Between December 2023 and December 2024 the exports of China's   Soups and Broths have increased by $959k (16%) from $5.98M to $6.94M, while imports increased by $5.14k (0.58%) from $889k to $894k.

Destinations In December 2024, Soups and Broths were exported mostly to Hong Kong ($3M), Japan ($2.04M), United States ($505k), Singapore ($425k), and Malaysia ($167k), and were imported mostly from China ($410k), Japan ($144k), Spain ($108k), Canada ($72.3k), and Malaysia ($48.2k).

Growth In December 2024, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to United States ($275k or 171%), Russia ($249k or 2.27k%), and Chinese Taipei ($99.3k or 506%). In December 2024, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from China ($177k or 60%), New Zealand ($139k or 342%), and Malaysia ($94.8k or 1.56k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$959k(16%)
IMPORT GROWTH (December 2023 - December 2024)$5.14k(0.58%)
MAIN EXPORTER (December 2024)Guangdong Province$3.01M
MAIN DESTINATION (December 2024)Hong Kong$3M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$172M
IMPORTS (2023)$11.3M
NET TRADE (2023)$160M

In 2023, China exported $172M in Soups and Broths. The main destinations of China exports on Soups and Broths were United States ($42.9M), Hong Kong ($25.9M), Indonesia ($19.5M), Liberia ($16.3M), and Japan ($14.8M).

In 2023, China imported $11.3M in Soups and Broths, mainly from Japan ($2.16M), Netherlands ($1.93M), Spain ($1.12M), France ($873k), and Chinese Taipei ($775k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR China WERE (2022 - 2023):
United States$11.4M (36.2%)
Liberia$2.73M (20.1%)
Indonesia$2.63M (15.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY China WERE (2022 - 2023):
Mongolia-$8.31M (-99.4%)
Hong Kong-$5.61M (-17.8%)
Japan-$3.9M (-20.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Soups and Broths were:
United States $805M
Germany $264M
Spain $256M
In 2023, China's main importing competitors in Soups and Broths were:
United States $591M
Mexico $446M
Canada $327M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.36M
TOP IMPORT POTENTIALUnited States+ $1.14M

Soups and Broths’s highest export potential is United States. With an export gap of $7.36M.   Soups and Broths’s highest import potential is United States with an import gap of $1.14M.

See methodology.

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