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2022
Exports $9.46MWorld Rnk 9 / 104
Flag Rnk 1095 / 1216
2022
Destination $2.11M Japan
2021 - 2022
FASTEST GROWING MARKET $2.11MSouth Korea
2022
Imports $29.6MWorld Rnk 3 / 163
Flag Rnk 865 / 1212
2022
Origin $857k South Africa
2021 - 2022
FASTEST GROWING ORIGIN $857kSlovenia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $9.46M in Vegetable Tanning Extracts, making it the 9th largest exporter of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1095th most exported product in China. The main destination of Vegetable Tanning Extracts exports from China are: Japan ($3.39M), South Korea ($2.23M), Germany ($899k), Italy ($656k), and Vietnam ($298k).

The fastest growing export markets for Vegetable Tanning Extracts of China between 2021 and 2022 were South Korea ($2.11M), Japan ($2.06M), and Germany ($666k).

Imports In 2022, China imported $29.6M in Vegetable Tanning Extracts, becoming the 3rd largest importer of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 865th most imported product in China. China imports Vegetable Tanning Extracts primarily from: South Africa ($8.43M), Argentina ($8.25M), Brazil ($4.93M), India ($2M), and Italy ($1.92M).

The fastest growing import markets in Vegetable Tanning Extracts for China between 2021 and 2022 were Slovenia ($857k), India ($516k), and Germany ($148k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (3) and Cinmar (1) were at the forefront of shipping Vegetable Tanning Extracts from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Vegetable Tanning Extracts exports accounted up to $485k and imports accounted up to $3.57M, resulting in a negative trade balance of $3.08M. Between July 2023 and July 2024 the exports of China's   Vegetable Tanning Extracts have increased by $257k (112%) from $228k to $485k, while imports increased by $297k (9.08%) from $3.27M to $3.57M.

Destinations In July 2024, Vegetable Tanning Extracts were exported mostly to United States ($150k), Vietnam ($115k), South Korea ($48.4k), Chinese Taipei ($36.7k), and Hong Kong ($28.3k), and were imported mostly from South Africa ($1.14M), Argentina ($807k), Brazil ($577k), Italy ($500k), and India ($289k).

Growth In July 2024, the increase in Vegetable Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to Vietnam ($33.3k or 197%) and Thailand ($16.7k or 300%). In July 2024, the increase in Vegetable Tanning Extracts's year-by-year imports was explained primarily by an increase in imports from Indonesia ($53.8k or 234%), Japan ($6.58k or 4.11k%), and China ($352 or 2.07k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$257k(112%)
IMPORT GROWTH (July 2023 - July 2024)$297k(9.08%)
MAIN EXPORTER (July 2024)Hunan Province$191k
MAIN DESTINATION (July 2024)United States$150k

This section shows Vegetable 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 Vegetable Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.46M
IMPORTS (2022)$29.6M
NET TRADE (2022)-$20.1M

In 2022, China exported $9.46M in Vegetable Tanning Extracts. The main destinations of China exports on Vegetable Tanning Extracts were Japan ($3.39M), South Korea ($2.23M), Germany ($899k), Italy ($656k), and Vietnam ($298k).

In 2022, China imported $29.6M in Vegetable Tanning Extracts, mainly from South Africa ($8.43M), Argentina ($8.25M), Brazil ($4.93M), India ($2M), and Italy ($1.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Tanning Extracts EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$2.11M (1.75k%)
Japan$2.06M (155%)
Germany$666k (286%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Tanning Extracts BY China WERE (2021 - 2022):
United States-$1.09M (-81.7%)
Switzerland-$152k (-98.2%)
China-$86.4k (-59%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Vegetable Tanning Extracts were:
Argentina $72.9M
South Africa $60M
Indonesia $54.6M
In 2022, China's main importing competitors in Vegetable Tanning Extracts were:
India $85.5M
Italy $44.7M

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Trade Value of Vegetable Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $357k
TOP IMPORT POTENTIALIndia+ $1.24M

Vegetable Tanning Extracts’s highest export potential is India. With an export gap of $357k.   Vegetable Tanning Extracts’s highest import potential is India with an import gap of $1.24M.

See methodology.

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