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Exports In 2022, China exported $76M in Wool Grease, making it the 1st largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 906th most exported product in China. The main destination of Wool Grease exports from China are: Japan ($17.7M), United Kingdom ($13.6M), Germany ($13.4M), Belgium ($8.9M), and United States ($3.53M).

The fastest growing export markets for Wool Grease of China between 2021 and 2022 were Belgium ($4.8M), Germany ($3.34M), and Uruguay ($1.52M).

Imports In 2022, China imported $2.33M in Wool Grease, becoming the 22nd largest importer of Wool Grease in the world. At the same year, Wool Grease was the 1121st most imported product in China. China imports Wool Grease primarily from: United States ($1.32M), Japan ($494k), United Kingdom ($206k), China ($118k), and South Africa ($72.7k).

The fastest growing import markets in Wool Grease for China between 2021 and 2022 were United States ($557k), Japan ($199k), and China ($118k).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (24), Costco Wholesale (7), and CrimsonLogic (3) were at the forefront of shipping Wool Grease from China to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$610k(15.4%)
IMPORT GROWTH (August 2021 - May 2024)$-1.23k(-99%)
MAIN EXPORTER (July 2024)Jiangsu Province$3.86M
MAIN DESTINATION (July 2024)United Kingdom$1.34M

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$76M
IMPORTS (2022)$2.33M
NET TRADE (2022)$73.6M

In 2022, China exported $76M in Wool Grease. The main destinations of China exports on Wool Grease were Japan ($17.7M), United Kingdom ($13.6M), Germany ($13.4M), Belgium ($8.9M), and United States ($3.53M).

In 2022, China imported $2.33M in Wool Grease, mainly from United States ($1.32M), Japan ($494k), United Kingdom ($206k), China ($118k), and South Africa ($72.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR China WERE (2021 - 2022):
Belgium$4.8M (117%)
Germany$3.34M (33.1%)
Uruguay$1.52M (171%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY China WERE (2021 - 2022):
United Kingdom-$4.38M (-24.3%)
Japan-$1.69M (-8.69%)
Brazil-$1.39M (-52.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Wool Grease were:
In 2022, China's main importing competitors in Wool Grease were:

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.66M
TOP IMPORT POTENTIALJapan+ $226k

Wool Grease’s highest export potential is India. With an export gap of $1.66M.   Wool Grease’s highest import potential is Japan with an import gap of $226k.

See methodology.

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