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2022
Exports $307MWorld Rnk 2 / 118
Flag Rnk 674 / 1216
2022
Destination $6.15M India
2021 - 2022
FASTEST GROWING MARKET $6.15MUnited States
2022
PRODUCT COMPLEXITY IN Synthetic Monofilament0.15Rnk 502 / 1025
2022
Imports $143MWorld Rnk 2 / 200
Flag Rnk 576 / 1212
2022
Origin $2.67M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.67MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $307M in Synthetic Monofilament, making it the 2nd largest exporter of Synthetic Monofilament in the world. At the same year, Synthetic Monofilament was the 674th most exported product in China. The main destination of Synthetic Monofilament exports from China are: India ($26.4M), United States ($20.7M), Vietnam ($19.2M), Belgium ($18.7M), and Mexico ($17.8M).

The fastest growing export markets for Synthetic Monofilament of China between 2021 and 2022 were United States ($6.15M), Mexico ($6.03M), and Netherlands ($3.27M).

Imports In 2022, China imported $143M in Synthetic Monofilament, becoming the 2nd largest importer of Synthetic Monofilament in the world. At the same year, Synthetic Monofilament was the 576th most imported product in China. China imports Synthetic Monofilament primarily from: Germany ($39.3M), Japan ($28.6M), South Korea ($16.7M), United States ($12M), and Vietnam ($7.84M).

The fastest growing import markets in Synthetic Monofilament for China between 2021 and 2022 were Vietnam ($2.67M), Germany ($2.33M), and Netherlands ($1.92M).

COMPANIES In 2023, leading companies such as Acer (3), 99 Cents Only Stores (2), and CrimsonLogic (2) were at the forefront of shipping Synthetic Monofilament from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Synthetic Monofilament exports accounted up to $19.3M and imports accounted up to $12.5M, resulting in a positive trade balance of $6.87M. Between October 2023 and October 2024 the exports of China's   Synthetic Monofilament have increased by $1.32M (7.36%) from $18M to $19.3M, while imports decreased by $-626k (-4.78%) from $13.1M to $12.5M.

Destinations In October 2024, Synthetic Monofilament were exported mostly to Vietnam ($1.92M), India ($1.7M), Mexico ($1.12M), Indonesia ($1.12M), and Brazil ($1.02M), and were imported mostly from Japan ($3.12M), United States ($2.1M), Germany ($1.6M), United Arab Emirates ($1.37M), and South Korea ($1.36M).

Growth In October 2024, the increase in Synthetic Monofilament's year-by-year exports was explained primarily by an increase in exports to Poland ($279k or 226%), Mexico ($265k or 37.9%), and Nigeria ($217k or 220%). In October 2024, the decrease in Synthetic Monofilament's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-1.15M or -73.3%), United States ($-539k or -33.9%), and Vietnam ($-429k or -90.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.32M(7.36%)
IMPORT GROWTH (October 2023 - October 2024)$-626k(-4.78%)
MAIN EXPORTER (October 2024)Zhejiang Province$7.66M
MAIN DESTINATION (October 2024)Vietnam$1.92M

This section shows Synthetic Monofilament'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 Monofilament over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$307M
IMPORTS (2022)$143M
NET TRADE (2022)$164M

In 2022, China exported $307M in Synthetic Monofilament. The main destinations of China exports on Synthetic Monofilament were India ($26.4M), United States ($20.7M), Vietnam ($19.2M), Belgium ($18.7M), and Mexico ($17.8M).

In 2022, China imported $143M in Synthetic Monofilament, mainly from Germany ($39.3M), Japan ($28.6M), South Korea ($16.7M), United States ($12M), and Vietnam ($7.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Monofilament EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$6.15M (42.4%)
Mexico$6.03M (51.2%)
Netherlands$3.27M (52.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Monofilament BY China WERE (2021 - 2022):
South Korea-$2.95M (-32.7%)
Malaysia-$2.13M (-18.4%)
Ukraine-$1.47M (-84.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Synthetic Monofilament were:
Germany $352M
United States $185M
In 2022, China's main importing competitors in Synthetic Monofilament were:
United States $293M
Mexico $102M

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Trade Value of Synthetic Monofilament by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.4M
TOP IMPORT POTENTIALVietnam+ $7M

Synthetic Monofilament’s highest export potential is India. With an export gap of $10.4M.   Synthetic Monofilament’s highest import potential is Vietnam with an import gap of $7M.

See methodology.

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