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2022
Exports $407MWorld Rnk 5 / 196
Flag Rnk 615 / 1216
2022
Destination $5.18M United States
2021 - 2022
FASTEST GROWING MARKET $5.18MSpain
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $342MWorld Rnk 4 / 214
Flag Rnk 430 / 1212
2022
Origin $7.51M India
2021 - 2022
FASTEST GROWING ORIGIN $7.51MBrazil
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $407M in Essential Oils, making it the 5th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 615th most exported product in China. The main destination of Essential Oils exports from China are: United States ($82.8M), Indonesia ($57.9M), United Kingdom ($30.5M), France ($30.3M), and Spain ($29.4M).

The fastest growing export markets for Essential Oils of China between 2021 and 2022 were Spain ($5.18M), Hong Kong ($5.02M), and United Arab Emirates ($2.89M).

Imports In 2022, China imported $342M in Essential Oils, becoming the 4th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 430th most imported product in China. China imports Essential Oils primarily from: India ($99.9M), United States ($90.5M), Brazil ($26.3M), Indonesia ($17.2M), and Germany ($12.4M).

The fastest growing import markets in Essential Oils for China between 2021 and 2022 were Brazil ($7.51M), Bulgaria ($2.1M), and Ireland ($1.14M).

COMPANIES In 2023, leading companies such as CrimsonLogic (28), Lollicup (19), and Jo-Ann Stores (15) were at the forefront of shipping Essential Oils from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Essential Oils exports accounted up to $28.5M and imports accounted up to $35.6M, resulting in a negative trade balance of $7.1M. Between July 2023 and July 2024 the exports of China's   Essential Oils have increased by $8.68M (43.8%) from $19.8M to $28.5M, while imports increased by $4.19M (13.4%) from $31.4M to $35.6M.

Destinations In July 2024, Essential Oils were exported mostly to Indonesia ($5.31M), United States ($4.02M), Malaysia ($3.87M), France ($2.27M), and Netherlands ($1.72M), and were imported mostly from Brazil ($5.44M), United States ($5.4M), India ($5.21M), France ($2.58M), and Bulgaria ($1.92M).

Growth In July 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to Belgium ($447k or 14.1k%), Spain ($338k or 42.3%), and Argentina ($42k or 606%). In July 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from United States ($1.03M or 17.5%), Germany ($872k or 285%), and Indonesia ($432k or 44.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$8.68M(43.8%)
IMPORT GROWTH (July 2023 - July 2024)$4.19M(13.4%)
MAIN EXPORTER (July 2024)Beijing$6.24M
MAIN DESTINATION (July 2024)Indonesia$5.31M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$407M
IMPORTS (2022)$342M
NET TRADE (2022)$65.2M

In 2022, China exported $407M in Essential Oils. The main destinations of China exports on Essential Oils were United States ($82.8M), Indonesia ($57.9M), United Kingdom ($30.5M), France ($30.3M), and Spain ($29.4M).

In 2022, China imported $342M in Essential Oils, mainly from India ($99.9M), United States ($90.5M), Brazil ($26.3M), Indonesia ($17.2M), and Germany ($12.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR China WERE (2021 - 2022):
Spain$5.18M (21.4%)
Hong Kong$5.02M (39.8%)
United Arab Emirates$2.89M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY China WERE (2021 - 2022):
United States-$9.11M (-9.92%)
India-$5.2M (-33.1%)
Netherlands-$3.49M (-23.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, China's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.8M
TOP IMPORT POTENTIALIndia+ $50.9M

Essential Oils’s highest export potential is United States. With an export gap of $15.8M.   Essential Oils’s highest import potential is India with an import gap of $50.9M.

See methodology.

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