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2022
Exports $16.1MWorld Rnk 11 / 93
Flag Rnk 1054 / 1216
2022
Destination $880k South Africa
2021 - 2022
FASTEST GROWING MARKET $880kGermany
2022
Imports $13.8MWorld Rnk 6 / 178
Flag Rnk 965 / 1212
2022
Origin $3.61M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $3.61MIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $16.1M in Turpentine, making it the 11th largest exporter of Turpentine in the world. At the same year, Turpentine was the 1054th most exported product in China. The main destination of Turpentine exports from China are: South Africa ($3.02M), Indonesia ($2.83M), Germany ($1.3M), Hong Kong ($959k), and Malaysia ($864k).

The fastest growing export markets for Turpentine of China between 2021 and 2022 were Germany ($880k), India ($386k), and Mexico ($167k).

Imports In 2022, China imported $13.8M in Turpentine, becoming the 6th largest importer of Turpentine in the world. At the same year, Turpentine was the 965th most imported product in China. China imports Turpentine primarily from: Brazil ($4.42M), India ($3.61M), Vietnam ($2.92M), United States ($783k), and Indonesia ($750k).

The fastest growing import markets in Turpentine for China between 2021 and 2022 were India ($3.61M), Finland ($248k), and Brazil ($220k).

COMPANIES In 2023, leading companies such as At Home Procurement (16), CrimsonLogic (13), and Givaudan Fragrances (9) were at the forefront of shipping Turpentine from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Turpentine exports accounted up to $1.51M and imports accounted up to $323k, resulting in a positive trade balance of $1.19M. Between September 2023 and September 2024 the exports of China's   Turpentine have increased by $598k (65.7%) from $910k to $1.51M, while imports decreased by $-683k (-67.9%) from $1.01M to $323k.

Destinations In September 2024, Turpentine were exported mostly to South Africa ($534k), Egypt ($339k), Indonesia ($191k), Hong Kong ($102k), and Spain ($76.7k), and were imported mostly from India ($160k), Vietnam ($88.6k), Brazil ($39.6k), Netherlands ($13.4k), and Japan ($10k).

Growth In September 2024, the increase in Turpentine's year-by-year exports was explained primarily by an increase in exports to Australia ($8.03k or 46.4%). In September 2024, the decrease in Turpentine's year-by-year imports was explained primarily by a decrease in imports from Japan ($-5.62k or -27.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$598k(65.7%)
IMPORT GROWTH (September 2023 - September 2024)$-683k(-67.9%)
MAIN EXPORTER (September 2024)Guangxi Zhuang Autonomous Region$941k
MAIN DESTINATION (September 2024)South Africa$534k

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.1M
IMPORTS (2022)$13.8M
NET TRADE (2022)$2.26M

In 2022, China exported $16.1M in Turpentine. The main destinations of China exports on Turpentine were South Africa ($3.02M), Indonesia ($2.83M), Germany ($1.3M), Hong Kong ($959k), and Malaysia ($864k).

In 2022, China imported $13.8M in Turpentine, mainly from Brazil ($4.42M), India ($3.61M), Vietnam ($2.92M), United States ($783k), and Indonesia ($750k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR China WERE (2021 - 2022):
Germany$880k (212%)
India$386k (369%)
Mexico$167k (1.88k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY China WERE (2021 - 2022):
Indonesia-$2.42M (-46.1%)
South Africa-$1.95M (-39.3%)
Pakistan-$376k (-82.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Turpentine were:
Brazil $110M
Indonesia $70.8M
United States $54.8M
In 2022, China's main importing competitors in Turpentine were:
India $211M
France $85.6M
United States $46.7M

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.18M
TOP IMPORT POTENTIALIndia+ $1.75M

Turpentine’s highest export potential is India. With an export gap of $1.18M.   Turpentine’s highest import potential is India with an import gap of $1.75M.

See methodology.

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