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2022
Exports $1.74BWorld Rnk 1 / 192
Flag Rnk 327 / 1216
2022
Destination $20.2M Japan
2021 - 2022
FASTEST GROWING MARKET $20.2MBurma
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $29.8MWorld Rnk 45 / 223
Flag Rnk 864 / 1212
2022
Origin $1.73M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $1.73MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.74B in Packing Bags, making it the 1st largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 327th most exported product in China. The main destination of Packing Bags exports from China are: Japan ($317M), United States ($196M), Philippines ($111M), South Korea ($93M), and Russia ($70.8M).

The fastest growing export markets for Packing Bags of China between 2021 and 2022 were Burma ($20.2M), Philippines ($17.9M), and Russia ($9.52M).

Imports In 2022, China imported $29.8M in Packing Bags, becoming the 45th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 864th most imported product in China. China imports Packing Bags primarily from: Vietnam ($5.47M), China ($5.17M), Pakistan ($2.68M), India ($2.64M), and Bangladesh ($1.63M).

The fastest growing import markets in Packing Bags for China between 2021 and 2022 were Vietnam ($1.73M), United States ($1.09M), and Bangladesh ($902k).

COMPANIES In 2023, leading companies such as Amazon (258), Walgreens (7), and Givaudan Fragrances (7) were at the forefront of shipping Packing Bags from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Packing Bags exports accounted up to $141M and imports accounted up to $1.99M, resulting in a positive trade balance of $139M. Between July 2023 and July 2024 the exports of China's   Packing Bags have decreased by $-3.07M (-2.14%) from $144M to $141M, while imports increased by $413k (26.1%) from $1.58M to $1.99M.

Destinations In July 2024, Packing Bags were exported mostly to Japan ($23.7M), United States ($13.4M), Philippines ($7.52M), South Korea ($7.31M), and Russia ($6.08M), and were imported mostly from Vietnam ($581k), China ($365k), Cambodia ($226k), India ($191k), and Italy ($169k).

Growth In July 2024, the decrease in Packing Bags's year-by-year exports was explained primarily by a decrease in exports to Japan ($-16M or -41.1%), United States ($-8.95M or -39.1%), and Malaysia ($-5M or -53.4%). In July 2024, the increase in Packing Bags's year-by-year imports was explained primarily by an increase in imports from Italy ($92.1k or 2.74k%), France ($82.9k or 1.79k%), and Bangladesh ($49k or 143%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-3.07M(-2.14%)
IMPORT GROWTH (July 2023 - July 2024)$413k(26.1%)
MAIN EXPORTER (July 2024)Shandong Province$47.5M
MAIN DESTINATION (July 2024)Japan$23.7M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.74B
IMPORTS (2022)$29.8M
NET TRADE (2022)$1.71B

In 2022, China exported $1.74B in Packing Bags. The main destinations of China exports on Packing Bags were Japan ($317M), United States ($196M), Philippines ($111M), South Korea ($93M), and Russia ($70.8M).

In 2022, China imported $29.8M in Packing Bags, mainly from Vietnam ($5.47M), China ($5.17M), Pakistan ($2.68M), India ($2.64M), and Bangladesh ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR China WERE (2021 - 2022):
Burma$20.2M (109%)
Philippines$17.9M (19.3%)
Russia$9.52M (15.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY China WERE (2021 - 2022):
Malaysia-$19M (-26.4%)
Australia-$12.6M (-22.6%)
United States-$11.5M (-5.56%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Packing Bags were:
India $1.39B
Vietnam $639M
In 2022, China's main importing competitors in Packing Bags were:
United States $894M
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.8M
TOP IMPORT POTENTIALIndia+ $6.66M

Packing Bags’s highest export potential is United States. With an export gap of $27.8M.   Packing Bags’s highest import potential is India with an import gap of $6.66M.

See methodology.

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