Felt in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $295M in Felt, making it the 1st largest exporter of Felt in the world. At the same year, Felt was the 685th most exported product in China. The main destination of Felt exports from China are: United States ($30.5M), India ($17.6M), Japan ($17.3M), Vietnam ($15.4M), and Germany ($14.7M).

The fastest growing export markets for Felt of China between 2021 and 2022 were United States ($5.6M), Colombia ($4.41M), and United Kingdom ($3.24M).

Imports In 2022, China imported $48.8M in Felt, becoming the 7th largest importer of Felt in the world. At the same year, Felt was the 789th most imported product in China. China imports Felt primarily from: Thailand ($10.2M), Germany ($9.41M), Japan ($8.53M), United States ($4.05M), and Hong Kong ($3.99M).

The fastest growing import markets in Felt for China between 2021 and 2022 were Hong Kong ($3.46M), Japan ($3.31M), and Denmark ($1.27M).

COMPANIES In 2023, leading companies such as IKEA Group (6), Costco Wholesale (1), and Itourscm (1) were at the forefront of shipping Felt from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Felt exports accounted up to $26.2M and imports accounted up to $4.68M, resulting in a positive trade balance of $21.5M. Between July 2023 and July 2024 the exports of China's Felt have increased by $5M (23.6%) from $21.2M to $26.2M, while imports decreased by $-538k (-10.3%) from $5.22M to $4.68M.

Destinations In July 2024, Felt were exported mostly to United States ($3.69M), Germany ($2.43M), Vietnam ($2.07M), India ($1.6M), and Japan ($1.16M), and were imported mostly from United States ($1.81M), Thailand ($1.13M), Japan ($509k), Germany ($321k), and South Korea ($315k).

Growth In July 2024, the increase in Felt's year-by-year exports was explained primarily by an increase in exports to Angola ($2.4M or 1.44k%), Philippines ($805k or 335%), and United Kingdom ($279k or 41.2%). In July 2024, the decrease in Felt's year-by-year imports was explained primarily by a decrease in imports from France ($-144k or -57.3%), Germany ($-130k or -12.9%), and China ($-108k or -77.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$5M(23.6%)

IMPORT GROWTH (July 2023 - July 2024)$-538k(-10.3%)

MAIN EXPORTER (July 2024)Jiangsu Province$9.5M

MAIN DESTINATION (July 2024)United States$3.69M

This section shows Felt'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 Felt over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$295M

IMPORTS (2022)$48.8M

NET TRADE (2022)$246M

In 2022, China exported $295M in Felt. The main destinations of China exports on Felt were United States ($30.5M), India ($17.6M), Japan ($17.3M), Vietnam ($15.4M), and Germany ($14.7M).

In 2022, China imported $48.8M in Felt, mainly from Thailand ($10.2M), Germany ($9.41M), Japan ($8.53M), United States ($4.05M), and Hong Kong ($3.99M).

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