2023
Exports
$32.3MWorld Rnk 8 / 102
Flag Rnk 994 / 1215
2023
PRODUCT COMPLEXITY IN Synthetic Tanning Extracts
-0.13Rnk 598 / 1025
2023
Imports
$89.7MWorld Rnk 1 / 174
Flag Rnk 660 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $32.3M in Synthetic Tanning Extracts, making it the 8th largest exporter of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 994th most exported product in China. The main destination of Synthetic Tanning Extracts exports from China are: Vietnam ($4.64M), Thailand ($3.88M), Pakistan ($3.42M), India ($2.1M), and South Korea ($1.8M).

The fastest growing export markets for Synthetic Tanning Extracts of China between 2022 and 2023 were Brazil ($451k), Turkey ($391k), and Hong Kong ($254k).

Imports In 2023, China imported $89.7M in Synthetic Tanning Extracts, becoming the 1st largest importer of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 660th most imported product in China. China imports Synthetic Tanning Extracts primarily from: Italy ($18.6M), India ($17.4M), Spain ($9.94M), South Africa ($9.67M), and Hong Kong ($6.03M).

The fastest growing import markets in Synthetic Tanning Extracts for China between 2022 and 2023 were Spain ($1.99M), Turkey ($1.5M), and South Africa ($915k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$112k(4.19%)
IMPORT GROWTH (December 2023 - December 2024)$-2.98M(-28.7%)
MAIN EXPORTER (December 2024)Jiangsu Province$1.71M
MAIN DESTINATION (December 2024)Vietnam$703k

This section shows Synthetic Tanning Extracts'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 Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$32.3M
IMPORTS (2023)$89.7M
NET TRADE (2023)-$57.4M

In 2023, China exported $32.3M in Synthetic Tanning Extracts. The main destinations of China exports on Synthetic Tanning Extracts were Vietnam ($4.64M), Thailand ($3.88M), Pakistan ($3.42M), India ($2.1M), and South Korea ($1.8M).

In 2023, China imported $89.7M in Synthetic Tanning Extracts, mainly from Italy ($18.6M), India ($17.4M), Spain ($9.94M), South Africa ($9.67M), and Hong Kong ($6.03M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Tanning Extracts EXPORT MARKETS FOR China WERE (2022 - 2023):
Brazil$451k (43.7%)
Turkey$391k (91.3%)
Hong Kong$254k (44.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Tanning Extracts BY China WERE (2022 - 2023):
Thailand-$4.38M (-53%)
Republic of the Congo-$2.2M (-84.7%)
South Korea-$1.79M (-49.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Synthetic Tanning Extracts were:
Italy $105M
Germany $71.5M
Spain $63.9M
In 2023, China's main importing competitors in Synthetic Tanning Extracts were:
Italy $48.4M
Brazil $46.1M

Explore Visualizations

Trade Value of Synthetic Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.66M
TOP IMPORT POTENTIALIndia+ $6.6M

Synthetic Tanning Extracts’s highest export potential is India. With an export gap of $1.66M.   Synthetic Tanning Extracts’s highest import potential is India with an import gap of $6.6M.

See methodology.

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