Carboxylic Acids in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $5.45B in Carboxylic Acids, making it the 1st largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 132nd most exported product in China. The main destination of Carboxylic Acids exports from China are: United States ($529M), India ($458M), Japan ($319M), Russia ($230M), and Mexico ($230M).

The fastest growing export markets for Carboxylic Acids of China between 2021 and 2022 were United States ($135M), Mexico ($102M), and Russia ($90M).

Imports In 2022, China imported $265M in Carboxylic Acids, becoming the 16th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 468th most imported product in China. China imports Carboxylic Acids primarily from: Singapore ($43.7M), South Korea ($38.5M), Japan ($27.6M), Switzerland ($24.8M), and Chinese Taipei ($24.6M).

The fastest growing import markets in Carboxylic Acids for China between 2021 and 2022 were Switzerland ($7.09M), Singapore ($6.36M), and Thailand ($4.98M).

COMPANIES In 2023, leading companies such as WALMART INC (154), TEKNOR APEX COMPANY (72), and IKEA SUPPLY AG (37) were at the forefront of shipping Carboxylic Acids from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Carboxylic Acids exports accounted up to $296M and imports accounted up to $19.6M, resulting in a positive trade balance of $276M. Between March 2023 and March 2024 the exports of China's Carboxylic Acids have decreased by $-23M (-7.21%) from $319M to $296M, while imports decreased by $-597k (-2.95%) from $20.2M to $19.6M.

Destinations In March 2024, Carboxylic Acids were exported mostly to India ($31.2M), United States ($24.6M), Japan ($16.4M), South Korea ($13.8M), and Mexico ($12M), and were imported mostly from Japan ($2.53M), Chinese Taipei ($2.49M), Singapore ($2.1M), Switzerland ($1.91M), and Netherlands ($1.68M).

Growth In March 2024, the decrease in Carboxylic Acids's year-by-year exports was explained primarily by a decrease in exports to Russia ($-15.8M or -55.2%), United States ($-12.1M or -25.8%), and Mexico ($-9.01M or -48.8%). In March 2024, the decrease in Carboxylic Acids's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-3.92M or -78.5%), Chinese Taipei ($-3.55M or -77.4%), and Austria ($-2.48M or -96.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-23M(-7.21%)

IMPORT GROWTH (March 2023 - March 2024)$-597k(-2.95%)

MAIN EXPORTER (March 2024)Shandong Province$117M

MAIN DESTINATION (March 2024)India$31.2M

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.45B

IMPORTS (2022)$265M

NET TRADE (2022)$5.18B

In 2022, China exported $5.45B in Carboxylic Acids. The main destinations of China exports on Carboxylic Acids were United States ($529M), India ($458M), Japan ($319M), Russia ($230M), and Mexico ($230M).

In 2022, China imported $265M in Carboxylic Acids, mainly from Singapore ($43.7M), South Korea ($38.5M), Japan ($27.6M), Switzerland ($24.8M), and Chinese Taipei ($24.6M).

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