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Pricing

2022
Exports $164MWorld Rnk 1 / 161
Flag Rnk 810 / 1216
2022
Destination $9.42M United States
2021 - 2022
FASTEST GROWING MARKET $9.42MUnited States
2022
Imports $11.1MWorld Rnk 7 / 207
Flag Rnk 989 / 1212
2022
Origin $583k Japan
2021 - 2022
FASTEST GROWING ORIGIN $583kSingapore
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $164M in Iron Sewing Needles, making it the 1st largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 810th most exported product in China. The main destination of Iron Sewing Needles exports from China are: United States ($29.2M), Malaysia ($12M), Indonesia ($11.4M), India ($7.3M), and Egypt ($6.54M).

The fastest growing export markets for Iron Sewing Needles of China between 2021 and 2022 were United States ($9.42M), Malaysia ($4.77M), and Australia ($2.6M).

Imports In 2022, China imported $11.1M in Iron Sewing Needles, becoming the 7th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 989th most imported product in China. China imports Iron Sewing Needles primarily from: Japan ($3.67M), South Korea ($2.69M), Chinese Taipei ($1.35M), Singapore ($1.24M), and United States ($797k).

The fastest growing import markets in Iron Sewing Needles for China between 2021 and 2022 were Singapore ($583k), Philippines ($316k), and United States ($130k).

COMPANIES In 2023, leading companies such as Amazon (16), CrimsonLogic (13), and IKEA Group (9) were at the forefront of shipping Iron Sewing Needles from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Iron Sewing Needles exports accounted up to $12.9M and imports accounted up to $919k, resulting in a positive trade balance of $12M. Between July 2023 and July 2024 the exports of China's   Iron Sewing Needles have decreased by $-3.85M (-23%) from $16.8M to $12.9M, while imports increased by $58.7k (6.83%) from $860k to $919k.

Destinations In July 2024, Iron Sewing Needles were exported mostly to United States ($1.35M), Indonesia ($919k), Malaysia ($755k), Singapore ($592k), and India ($523k), and were imported mostly from Belgium ($216k), United States ($193k), Japan ($188k), Germany ($138k), and Malaysia ($58.8k).

Growth In July 2024, the decrease in Iron Sewing Needles's year-by-year exports was explained primarily by a decrease in exports to India ($-393k or -42.7%), United States ($-359k or -17%), and Ukraine ($-268k or -98.5%). In July 2024, the increase in Iron Sewing Needles's year-by-year imports was explained primarily by an increase in imports from Germany ($208k or 85.4%), Switzerland ($8.16k or 44.6%), and United Kingdom ($5.1k or 489%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-3.85M(-23%)
IMPORT GROWTH (July 2023 - July 2024)$58.7k(6.83%)
MAIN EXPORTER (July 2024)Zhejiang Province$11.6M
MAIN DESTINATION (July 2024)United States$1.35M

This section shows Iron Sewing Needles'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 Iron Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$164M
IMPORTS (2022)$11.1M
NET TRADE (2022)$153M

In 2022, China exported $164M in Iron Sewing Needles. The main destinations of China exports on Iron Sewing Needles were United States ($29.2M), Malaysia ($12M), Indonesia ($11.4M), India ($7.3M), and Egypt ($6.54M).

In 2022, China imported $11.1M in Iron Sewing Needles, mainly from Japan ($3.67M), South Korea ($2.69M), Chinese Taipei ($1.35M), Singapore ($1.24M), and United States ($797k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$9.42M (47.6%)
Malaysia$4.77M (66.2%)
Australia$2.6M (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY China WERE (2021 - 2022):
Japan-$741k (-17.1%)
South Korea-$527k (-16.9%)
Turkey-$472k (-17.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Sewing Needles were:
Japan $21.4M
United States $19.9M
In 2022, China's main importing competitors in Iron Sewing Needles were:
United States $49.2M
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.83M
TOP IMPORT POTENTIALSouth Korea+ $348k

Iron Sewing Needles’s highest export potential is India. With an export gap of $3.83M.   Iron Sewing Needles’s highest import potential is South Korea with an import gap of $348k.

See methodology.

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