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2023
Exports $2.4BWorld Rnk 1 / 174
Flag Rnk 241 / 1215
2023
Destination $12.9M Indonesia
2022 - 2023
FASTEST GROWING MARKET $12.9MHong Kong
2023
PRODUCT COMPLEXITY IN Synthetic Coloring Matter0.67Rnk 296 / 1025
2023
Imports $914MWorld Rnk 1 / 214
Flag Rnk 233 / 1214
2023
Origin $5.45M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $5.45MVietnam
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.4B in Synthetic Coloring Matter, making it the 1st largest exporter of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 241st most exported product in China. The main destination of Synthetic Coloring Matter exports from China are: Indonesia ($168M), Turkey ($161M), Vietnam ($150M), India ($147M), and South Korea ($143M).

The fastest growing export markets for Synthetic Coloring Matter of China between 2022 and 2023 were Hong Kong ($12.9M), Russia ($7.41M), and Ethiopia ($2.34M).

Imports In 2023, China imported $914M in Synthetic Coloring Matter, becoming the 1st largest importer of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 233rd most imported product in China. China imports Synthetic Coloring Matter primarily from: South Korea ($272M), India ($196M), Japan ($91.4M), Germany ($85.5M), and Chinese Taipei ($59.7M).

The fastest growing import markets in Synthetic Coloring Matter for China between 2022 and 2023 were Vietnam ($5.45M), Ireland ($4.82M), and Malaysia ($2.31M).

COMPANIES In 2024, leading companies such as Halyard Health (48), ReaderLink (30), and IKEA Group (28) were at the forefront of shipping Synthetic Coloring Matter from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Synthetic Coloring Matter exports accounted up to $234M and imports accounted up to $92.7M, resulting in a positive trade balance of $141M. Between December 2023 and December 2024 the exports of China's   Synthetic Coloring Matter have increased by $42.9M (22.5%) from $191M to $234M, while imports increased by $5.51M (6.32%) from $87.1M to $92.7M.

Destinations In December 2024, Synthetic Coloring Matter were exported mostly to United States ($22.9M), Vietnam ($19.3M), Pakistan ($15.9M), India ($14.1M), and Indonesia ($13.7M), and were imported mostly from South Korea ($29.3M), India ($15.6M), Japan ($14M), Germany ($6.94M), and Chinese Taipei ($5.58M).

Growth In December 2024, the increase in Synthetic Coloring Matter's year-by-year exports was explained primarily by an increase in exports to Pakistan ($4.57M or 41.1%), Vietnam ($4.49M or 48.4%), and Netherlands ($4.09M or 56.6%). In December 2024, the increase in Synthetic Coloring Matter's year-by-year imports was explained primarily by an increase in imports from India ($5.99M or 52.4%), Japan ($3.25M or 53.7%), and Chinese Taipei ($3.23M or 92.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$42.9M(22.5%)
IMPORT GROWTH (December 2023 - December 2024)$5.51M(6.32%)
MAIN EXPORTER (December 2024)Zhejiang Province$96.2M
MAIN DESTINATION (December 2024)United States$22.9M

This section shows Synthetic Coloring Matter'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 Synthetic Coloring Matter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.4B
IMPORTS (2023)$914M
NET TRADE (2023)$1.49B

In 2023, China exported $2.4B in Synthetic Coloring Matter. The main destinations of China exports on Synthetic Coloring Matter were Indonesia ($168M), Turkey ($161M), Vietnam ($150M), India ($147M), and South Korea ($143M).

In 2023, China imported $914M in Synthetic Coloring Matter, mainly from South Korea ($272M), India ($196M), Japan ($91.4M), Germany ($85.5M), and Chinese Taipei ($59.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Coloring Matter EXPORT MARKETS FOR China WERE (2022 - 2023):
Hong Kong$12.9M (172%)
Russia$7.41M (25.4%)
Ethiopia$2.34M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Coloring Matter BY China WERE (2022 - 2023):
South Korea-$77.1M (-35.1%)
United States-$66.9M (-43.9%)
Turkey-$64.9M (-28.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Synthetic Coloring Matter were:
India $2.34B
Germany $1.17B
In 2023, China's main importing competitors in Synthetic Coloring Matter were:
Germany $738M
United States $682M

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Trade Value of Synthetic Coloring Matter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $80.6M
TOP IMPORT POTENTIALIndia+ $184M

Synthetic Coloring Matter’s highest export potential is India. With an export gap of $80.6M.   Synthetic Coloring Matter’s highest import potential is India with an import gap of $184M.

See methodology.

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