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2022
Exports $13.6MWorld Rnk 6 / 120
Flag Rnk 1075 / 1216
2022
Destination $734k Vietnam
2021 - 2022
FASTEST GROWING MARKET $734kIndonesia
2022
PRODUCT COMPLEXITY IN Natural Cork Articles-0.86Rnk 792 / 1025
2022
Imports $11.4MWorld Rnk 12 / 201
Flag Rnk 984 / 1212
2022
Origin $2.3M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $2.3MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $13.6M in Natural Cork Articles, making it the 6th largest exporter of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 1075th most exported product in China. The main destination of Natural Cork Articles exports from China are: Vietnam ($1.95M), United States ($1.5M), Indonesia ($1.12M), Poland ($977k), and United Kingdom ($859k).

The fastest growing export markets for Natural Cork Articles of China between 2021 and 2022 were Indonesia ($734k), United Arab Emirates ($647k), and United States ($636k).

Imports In 2022, China imported $11.4M in Natural Cork Articles, becoming the 12th largest importer of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 984th most imported product in China. China imports Natural Cork Articles primarily from: Portugal ($5.33M), United Arab Emirates ($3.48M), Algeria ($1.36M), Italy ($391k), and Canada ($214k).

The fastest growing import markets in Natural Cork Articles for China between 2021 and 2022 were United Arab Emirates ($2.3M), Chinese Taipei ($73.4k), and Tunisia ($37.5k).

COMPANIES In 2023, leading companies such as Stelfast (66), Costco Wholesale (13), and CrimsonLogic (13) were at the forefront of shipping Natural Cork Articles from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Natural Cork Articles exports accounted up to $197k and imports accounted up to $720k, resulting in a negative trade balance of $522k. Between July 2023 and July 2024 the exports of China's   Natural Cork Articles have increased by $80.8k (69.5%) from $116k to $197k, while imports increased by $435k (152%) from $285k to $720k.

Destinations In July 2024, Natural Cork Articles were exported mostly to Vietnam ($165k), Turkey ($22.7k), Greece ($4.31k), France ($3.73k), and Spain ($1.51k), and were imported mostly from Portugal ($445k), Algeria ($135k), France ($108k), Tunisia ($31.4k), and Australia ($608).

Growth In July 2024, the increase in Natural Cork Articles's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Natural Cork Articles's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$80.8k(69.5%)
IMPORT GROWTH (July 2023 - July 2024)$435k(152%)
MAIN EXPORTER (July 2024)Henan Province$334k
MAIN DESTINATION (July 2024)Vietnam$165k

This section shows Natural Cork Articles'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 Natural Cork Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$11.4M
NET TRADE (2022)$2.2M

In 2022, China exported $13.6M in Natural Cork Articles. The main destinations of China exports on Natural Cork Articles were Vietnam ($1.95M), United States ($1.5M), Indonesia ($1.12M), Poland ($977k), and United Kingdom ($859k).

In 2022, China imported $11.4M in Natural Cork Articles, mainly from Portugal ($5.33M), United Arab Emirates ($3.48M), Algeria ($1.36M), Italy ($391k), and Canada ($214k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural Cork Articles EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$734k (189%)
United Arab Emirates$647k (314%)
United States$636k (73.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Cork Articles BY China WERE (2021 - 2022):
Saudi Arabia-$3.27M (-100%)
Singapore-$605k (-81.7%)
Greece-$223k (-82.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Natural Cork Articles were:
Portugal $510M
Spain $48.4M
United Arab Emirates $28.9M
In 2022, China's main importing competitors in Natural Cork Articles were:
United States $156M
France $136M
Spain $66.8M

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Trade Value of Natural Cork Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $970k
TOP IMPORT POTENTIALPortugal+ $887k

Natural Cork Articles’s highest export potential is United States. With an export gap of $970k.   Natural Cork Articles’s highest import potential is Portugal with an import gap of $887k.

See methodology.

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