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2022
Exports $4.22MWorld Rnk 23 / 105
Flag Rnk 1141 / 1216
2022
Destination $223k Japan
2021 - 2022
FASTEST GROWING MARKET $223kJapan
2022
PRODUCT COMPLEXITY IN Peat-0.028Rnk 554 / 1025
2022
Imports $113MWorld Rnk 3 / 195
Flag Rnk 626 / 1212
2022
Origin $24.7M Latvia
2021 - 2022
FASTEST GROWING ORIGIN $24.7MLatvia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.22M in Peat, making it the 23rd largest exporter of Peat in the world. At the same year, Peat was the 1141st most exported product in China. The main destination of Peat exports from China are: Japan ($2.42M), Chinese Taipei ($654k), Thailand ($178k), Kuwait ($175k), and South Korea ($147k).

The fastest growing export markets for Peat of China between 2021 and 2022 were Japan ($223k), Kuwait ($175k), and South Korea ($129k).

Imports In 2022, China imported $113M in Peat, becoming the 3rd largest importer of Peat in the world. At the same year, Peat was the 626th most imported product in China. China imports Peat primarily from: Latvia ($50.6M), Estonia ($34.1M), Russia ($14.6M), Netherlands ($6.47M), and Poland ($5.21M).

The fastest growing import markets in Peat for China between 2021 and 2022 were Latvia ($24.7M), Estonia ($14M), and Russia ($8.84M).

COMPANIES In 2023, leading companies such as CrimsonLogic (62), Amazon (26), and Mystic Apparel (11) were at the forefront of shipping Peat from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Peat exports accounted up to $89.1k and imports accounted up to $13.6M, resulting in a negative trade balance of $13.5M. Between September 2023 and September 2024 the exports of China's   Peat have increased by $56.2k (171%) from $32.9k to $89.1k, while imports increased by $1.69M (14.2%) from $11.9M to $13.6M.

Destinations In September 2024, Peat were exported mostly to Japan ($89.1k), and were imported mostly from Latvia ($6.35M), Estonia ($5.43M), Russia ($1.67M), Poland ($110k), and Germany ($14.5k).

Growth In September 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to Japan ($89k or 741%). In September 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from Latvia ($803k or 19%), Estonia ($391k or 13.4%), and Poland ($245k or 1.23k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$56.2k(171%)
IMPORT GROWTH (September 2023 - September 2024)$1.69M(14.2%)
MAIN EXPORTER (September 2024)Liaoning Province$116k
MAIN DESTINATION (September 2024)Japan$89.1k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.22M
IMPORTS (2022)$113M
NET TRADE (2022)-$109M

In 2022, China exported $4.22M in Peat. The main destinations of China exports on Peat were Japan ($2.42M), Chinese Taipei ($654k), Thailand ($178k), Kuwait ($175k), and South Korea ($147k).

In 2022, China imported $113M in Peat, mainly from Latvia ($50.6M), Estonia ($34.1M), Russia ($14.6M), Netherlands ($6.47M), and Poland ($5.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$223k (10.2%)
Kuwait$175k (1%)
South Korea$129k (717%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY China WERE (2021 - 2022):
Chinese Taipei-$179k (-21.5%)
Guatemala-$128k (-100%)
Saudi Arabia-$51.4k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Peat were:
Canada $527M
Latvia $324M
Netherlands $190M
In 2022, China's main importing competitors in Peat were:
United States $533M
Netherlands $143M

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $183k
TOP IMPORT POTENTIALNetherlands+ $1.76M

Peat’s highest export potential is South Korea. With an export gap of $183k.   Peat’s highest import potential is Netherlands with an import gap of $1.76M.

See methodology.

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