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2022
Exports $647MWorld Rnk 1 / 155
Flag Rnk 536 / 1216
2022
Destination $4.91M United States
2021 - 2022
FASTEST GROWING MARKET $4.91MNetherlands
2022
PRODUCT COMPLEXITY IN Safes0.76Rnk 261 / 1025
2022
Imports $11.9MWorld Rnk 24 / 216
Flag Rnk 981 / 1212
2022
Origin $675k Italy
2021 - 2022
FASTEST GROWING ORIGIN $675kIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $647M in Safes, making it the 1st largest exporter of Safes in the world. At the same year, Safes was the 536th most exported product in China. The main destination of Safes exports from China are: United States ($296M), Germany ($46.9M), Australia ($23.7M), France ($17.8M), and Canada ($14.2M).

The fastest growing export markets for Safes of China between 2021 and 2022 were Netherlands ($4.91M), Indonesia ($4.81M), and Australia ($4.44M).

Imports In 2022, China imported $11.9M in Safes, becoming the 24th largest importer of Safes in the world. At the same year, Safes was the 981st most imported product in China. China imports Safes primarily from: Italy ($7.49M), Indonesia ($2.12M), Japan ($653k), South Korea ($613k), and United States ($347k).

The fastest growing import markets in Safes for China between 2021 and 2022 were Indonesia ($675k), Italy ($364k), and Australia ($138k).

COMPANIES In 2023, leading companies such as Costco Wholesale (37), Walgreens (4), and CrimsonLogic (3) were at the forefront of shipping Safes from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Safes exports accounted up to $55.6M and imports accounted up to $357k, resulting in a positive trade balance of $55.2M. Between July 2023 and July 2024 the exports of China's   Safes have decreased by $-743k (-1.32%) from $56.3M to $55.6M, while imports decreased by $-21.1k (-5.6%) from $378k to $357k.

Destinations In July 2024, Safes were exported mostly to United States ($22.5M), Germany ($3.82M), France ($1.5M), Australia ($1.39M), and Indonesia ($1.32M), and were imported mostly from Indonesia ($197k), Bulgaria ($56.3k), Italy ($43.2k), Germany ($21.7k), and Netherlands ($18.9k).

Growth In July 2024, the decrease in Safes's year-by-year exports was explained primarily by a decrease in exports to United States ($-4.54M or -17%), France ($-1.73M or -67.9%), and Germany ($-1.22M or -38%). In July 2024, the decrease in Safes's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-743k(-1.32%)
IMPORT GROWTH (July 2023 - July 2024)$-21.1k(-5.6%)
MAIN EXPORTER (July 2024)Zhejiang Province$28.1M
MAIN DESTINATION (July 2024)United States$22.5M

This section shows Safes'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 Safes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$647M
IMPORTS (2022)$11.9M
NET TRADE (2022)$635M

In 2022, China exported $647M in Safes. The main destinations of China exports on Safes were United States ($296M), Germany ($46.9M), Australia ($23.7M), France ($17.8M), and Canada ($14.2M).

In 2022, China imported $11.9M in Safes, mainly from Italy ($7.49M), Indonesia ($2.12M), Japan ($653k), South Korea ($613k), and United States ($347k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR China WERE (2021 - 2022):
Netherlands$4.91M (69.9%)
Indonesia$4.81M (80.5%)
Australia$4.44M (23.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY China WERE (2021 - 2022):
United States-$41.8M (-12.4%)
Singapore-$4M (-60%)
United Kingdom-$3.92M (-26.7%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Safes were:
Mexico $112M
Netherlands $70.9M
In 2022, China's main importing competitors in Safes were:
United States $440M
Germany $150M
France $64.5M

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Trade Value of Safes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.95M
TOP IMPORT POTENTIALSouth Korea+ $587k

Safes’s highest export potential is India. With an export gap of $5.95M.   Safes’s highest import potential is South Korea with an import gap of $587k.

See methodology.

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