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2022
Exports $2.33MWorld Rnk 26 / 82
Flag Rnk 1165 / 1216
2022
Destination $40.1k Norway
2021 - 2022
FASTEST GROWING MARKET $40.1kJapan
2022
PRODUCT COMPLEXITY IN Other Animal Fats0.58Rnk 329 / 1025
2022
Imports $4.2MWorld Rnk 21 / 154
Flag Rnk 1086 / 1212
2022
Origin $1.25M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $1.25MNew Zealand
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.33M in Other Animal Fats, making it the 26th largest exporter of Other Animal Fats in the world. At the same year, Other Animal Fats was the 1165th most exported product in China. The main destination of Other Animal Fats exports from China are: Norway ($998k), United States ($662k), South Korea ($172k), Thailand ($130k), and Japan ($98.3k).

The fastest growing export markets for Other Animal Fats of China between 2021 and 2022 were Japan ($40.1k), Chile ($40k), and Canada ($26.5k).

Imports In 2022, China imported $4.2M in Other Animal Fats, becoming the 21st largest importer of Other Animal Fats in the world. At the same year, Other Animal Fats was the 1086th most imported product in China. China imports Other Animal Fats primarily from: New Zealand ($3.35M), Australia ($169k), Mongolia ($168k), Netherlands ($116k), and United States ($112k).

The fastest growing import markets in Other Animal Fats for China between 2021 and 2022 were New Zealand ($1.25M), Netherlands ($108k), and Sweden ($69.6k).

Latest Trends

July 2024

About

Overview In July 2024 China's Other Animal Fats exports accounted up to $1.05M and imports accounted up to $570k, resulting in a positive trade balance of $483k. Between July 2023 and July 2024 the exports of China's   Other Animal Fats have increased by $869k (473%) from $183k to $1.05M, while imports decreased by $-862k (-60.2%) from $1.43M to $570k.

Destinations In July 2024, Other Animal Fats were exported mostly to United States ($291k), Hong Kong ($277k), Belgium ($208k), South Korea ($186k), and Brazil ($32.6k), and were imported mostly from United States ($343k), South Korea ($218k), New Zealand ($6.39k), and Norway ($1.85k).

Growth In July 2024, the increase in Other Animal Fats's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Other Animal Fats's year-by-year imports was explained primarily by a decrease in imports from Australia ($-21.7k or -94.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$869k(473%)
IMPORT GROWTH (July 2023 - July 2024)$-862k(-60.2%)
MAIN EXPORTER (July 2024)Shandong Province$998k
MAIN DESTINATION (July 2024)United States$291k

This section shows Other Animal Fats'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 Other Animal Fats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.33M
IMPORTS (2022)$4.2M
NET TRADE (2022)-$1.87M

In 2022, China exported $2.33M in Other Animal Fats. The main destinations of China exports on Other Animal Fats were Norway ($998k), United States ($662k), South Korea ($172k), Thailand ($130k), and Japan ($98.3k).

In 2022, China imported $4.2M in Other Animal Fats, mainly from New Zealand ($3.35M), Australia ($169k), Mongolia ($168k), Netherlands ($116k), and United States ($112k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Animal Fats EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$40.1k (68.8%)
Chile$40k (1%)
Canada$26.5k (282%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Animal Fats BY China WERE (2021 - 2022):
South Korea-$1.84M (-91.5%)
United States-$101k (-13.3%)
Thailand-$71.5k (-35.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Other Animal Fats were:
Netherlands $119M
France $101M
Belgium $94M
In 2022, China's main importing competitors in Other Animal Fats were:
Netherlands $198M
Sweden $70.4M
Spain $61.1M

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Trade Value of Other Animal Fats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $178k
TOP IMPORT POTENTIALNetherlands+ $171k

Other Animal Fats’s highest export potential is United States. With an export gap of $178k.   Other Animal Fats’s highest import potential is Netherlands with an import gap of $171k.

See methodology.

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