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2023
Exports $15.6BWorld Rnk 1 / 223
Flag Rnk 17 / 21
2023
Destination $88.3M United States
2022 - 2023
FASTEST GROWING MARKET $88.3MKazakhstan
2023
PRODUCT COMPLEXITY IN Wood Products0.31Rnk 454 / 1025
2023
Imports $17.1BWorld Rnk 2 / 226
Flag Rnk 15 / 21
2023
Origin $103M Russia
2022 - 2023
FASTEST GROWING ORIGIN $103MThailand
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $15.6B in Wood Products, making it the 1st largest exporter of Wood Products in the world. At the same year, Wood Products was the 17th most exported product in China. The main destination of Wood Products exports from China are: United States ($2.39B), Japan ($1.3B), United Kingdom ($887M), Australia ($719M), and Germany ($667M).

The fastest growing export markets for Wood Products of China between 2022 and 2023 were Kazakhstan ($88.3M), Greece ($22.6M), and Algeria ($19.8M).

Imports In 2023, China imported $17.1B in Wood Products, becoming the 2nd largest importer of Wood Products in the world. At the same year, Wood Products was the 15th most imported product in China. China imports Wood Products primarily from: Russia ($3.17B), New Zealand ($2.01B), Vietnam ($1.86B), United States ($1.53B), and Thailand ($1.34B).

The fastest growing import markets in Wood Products for China between 2022 and 2023 were Thailand ($103M), Indonesia ($47.7M), and Honduras ($47.6M).

COMPANIES In 2024, leading companies such as CrimsonLogic (1.92k), IKEA Group (782), and Amazon (541) were at the forefront of shipping Wood Products from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Wood Products exports accounted up to $1.69B and imports accounted up to $1.47B, resulting in a positive trade balance of $220M. Between December 2023 and December 2024 the exports of China's   Wood Products have increased by $200M (13.4%) from $1.49B to $1.69B, while imports increased by $25.7M (1.77%) from $1.45B to $1.47B.

Destinations In December 2024, Wood Products were exported mostly to United States ($325M), Japan ($99.5M), United Kingdom ($88.6M), Vietnam ($81.8M), and Australia ($69.6M), and were imported mostly from Russia ($241M), Vietnam ($202M), New Zealand ($200M), United States ($129M), and Thailand ($124M).

Growth In December 2024, the increase in Wood Products's year-by-year exports was explained primarily by an increase in exports to Vietnam ($35.7M or 121%), Netherlands ($13.3M or 27.9%), and Chinese Taipei ($12.8M or 46.6%). In December 2024, the increase in Wood Products's year-by-year imports was explained primarily by an increase in imports from Thailand ($44.7M or 71.9%), New Zealand ($28.4M or 16.8%), and Russia ($16.5M or 8.12%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$200M(13.4%)
IMPORT GROWTH (December 2023 - December 2024)$25.7M(1.77%)
MAIN EXPORTER (December 2024)Shandong Province$360M
MAIN DESTINATION (December 2024)United States$325M

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.6B
IMPORTS (2023)$17.1B
NET TRADE (2023)-$1.51B

In 2023, China exported $15.6B in Wood Products. The main destinations of China exports on Wood Products were United States ($2.39B), Japan ($1.3B), United Kingdom ($887M), Australia ($719M), and Germany ($667M).

In 2023, China imported $17.1B in Wood Products, mainly from Russia ($3.17B), New Zealand ($2.01B), Vietnam ($1.86B), United States ($1.53B), and Thailand ($1.34B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR China WERE (2022 - 2023):
Kazakhstan$88.3M (467%)
Greece$22.6M (27.2%)
Algeria$19.8M (31.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY China WERE (2022 - 2023):
United States-$1.31B (-35.5%)
Germany-$458M (-40.7%)
United Kingdom-$343M (-27.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Wood Products were:
Canada $13.6B
Germany $10.8B
In 2023, China's main importing competitors in Wood Products were:
United States $24.8B
Japan $9.87B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $220M
TOP IMPORT POTENTIALRussia+ $531M

Wood Products’s highest export potential is Japan. With an export gap of $220M.   Wood Products’s highest import potential is Russia with an import gap of $531M.

See methodology.

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