Insect Resins in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $25.2M in Insect Resins, making it the 12th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 1019th most exported product in China. The main destination of Insect Resins exports from China are: United States ($6.77M), Ecuador ($1.42M), Canada ($1.41M), India ($1.34M), and Guatemala ($1.22M).

The fastest growing export markets for Insect Resins of China between 2021 and 2022 were United States ($3.97M), Ecuador ($902k), and Vietnam ($545k).

Imports In 2022, China imported $64.7M in Insect Resins, becoming the 4th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 733rd most imported product in China. China imports Insect Resins primarily from: France ($9.04M), Sudan ($7.61M), Indonesia ($7.58M), Burma ($7.14M), and India ($6.87M).

The fastest growing import markets in Insect Resins for China between 2021 and 2022 were India ($6.47M), Burma ($5.02M), and France ($2.46M).

COMPANIES In 2023, leading companies such as WALMART INC (432), TMALL, INC. (5), and ELKEM SILICONES USA CORP (4) were at the forefront of shipping Insect Resins from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Insect Resins exports accounted up to $1.08M and imports accounted up to $5.27M, resulting in a negative trade balance of $4.2M. Between March 2023 and March 2024 the exports of China's Insect Resins have decreased by $-514k (-32.3%) from $1.59M to $1.08M, while imports increased by $1.53M (40.8%) from $3.75M to $5.27M.

Destinations In March 2024, Insect Resins were exported mostly to South Africa ($298k), United States ($246k), Spain ($228k), Chinese Taipei ($79.1k), and Singapore ($74.5k), and were imported mostly from Burma ($1.79M), France ($533k), Sudan ($530k), Thailand ($380k), and United States ($356k).

Growth In March 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-287k or -99.4%), Chinese Taipei ($-102k or -91.5%), and United States ($-71.7k or -25.5%). In March 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from Kenya ($309k or 74%), Somalia ($126k or 490%), and Tanzania ($40.2k or 39%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-514k(-32.3%)

IMPORT GROWTH (March 2023 - March 2024)$1.53M(40.8%)

MAIN EXPORTER (March 2024)Yunnan Province$764k

MAIN DESTINATION (March 2024)South Africa$298k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$25.2M

IMPORTS (2022)$64.7M

NET TRADE (2022)-$39.5M

In 2022, China exported $25.2M in Insect Resins. The main destinations of China exports on Insect Resins were United States ($6.77M), Ecuador ($1.42M), Canada ($1.41M), India ($1.34M), and Guatemala ($1.22M).

In 2022, China imported $64.7M in Insect Resins, mainly from France ($9.04M), Sudan ($7.61M), Indonesia ($7.58M), Burma ($7.14M), and India ($6.87M).

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