In 2024, China exported approximately 3.58 trillion U.S. dollars worth of goods. This indicated an increase in export value of about 5.9 percent compared to the previous year. Export of goods from ChinaChina’s exports have been growing steadily over the past decade, with the exception of 2009 when financial crisis and global economic downturn slowed down global trade and 2016 witnessing another decrease in global demand. Apart from being the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world. ASEAN, European Union, and United States were China's leading export partners in 2023. Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.65 trillion U.S. dollars in export value in 2023. When it comes to primary goods, food and live animals used for food are the main export products.

Success.ai’s Import Export Data for Import, Export & Trade Professionals in Asia delivers a comprehensive dataset tailored for businesses aiming to connect with key players in Asia’s dynamic trade industry. Covering professionals involved in import/export operations, international logistics, and supply chain management, this dataset provides verified contact details, firmographic insights, and actionable professional data.

With access to over 700 million verified global profiles and 70 million business datasets, Success.ai ensures your outreach, market research, and trade strategies are powered by accurate, continuously updated, and AI-validated data. Supported by our Best Price Guarantee, this solution is essential for navigating the complexities of global trade in Asia.

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1. Professional Profiles in Import/Export and Logistics

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In 2024, the total value of the U.S. trade in goods with China amounted to around *** billion U.S. dollars composed of a ****** billion U.S. dollars export value and a ****** billion U.S. dollars import value. This represented a negative trade balance of ***** billion U.S. dollars.

Snapshot img

Customs Audit Market Size 2025-2029

The customs audit market size is forecast to increase by USD 6.51 billion, at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for efficient supply chain operations and the emergence of new customs regulations such as voluntary disclosure programs. These initiatives aim to streamline customs processes and mitigate potential risks, making customs audits an essential component of international trade. However, the market faces challenges, including the growing concern over cybersecurity breaches. As global trade becomes increasingly digital, the risk of data breaches and information theft increases, necessitating robust cybersecurity measures to protect sensitive data during customs audits.
Companies seeking to capitalize on market opportunities must prioritize compliance with evolving customs regulations and invest in advanced cybersecurity solutions to mitigate risks and maintain a competitive edge. Navigating these challenges requires a strategic approach, with a focus on transparency, efficiency, and innovation.

What will be the Size of the Customs Audit Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by continuous evolution and dynamic market activities. Entities involved in international trade are subject to a complex web of regulations, including supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, and trade agreements. These regulations are not static but rather unfold with the ongoing unfolding of market activities and evolving patterns. Customs compliance plays a crucial role in this landscape, with entities seeking to adhere to regulations and mitigate risks associated with sanctions compliance, anti-dumping duties, trade remedies, and other trade measures. Customs brokers, freight forwarders, and trade finance providers are key players in facilitating international trade, while customs technology and automated systems enable efficient customs clearance.

Bonded warehousing, duty drawback, and inventory management are essential aspects of customs compliance, allowing entities to minimize duties and taxes and optimize their supply chain operations. Trade data and analytics are increasingly important tools for monitoring and responding to changing regulations and market conditions. Export controls and import regulations also shape the market, with entities needing to navigate the intricacies of tariff classification, customs investigations, and countervailing duties. Documentary credits and free trade zones offer additional complexities, requiring a deep understanding of the customs landscape and the ability to adapt to changing regulations and market conditions.

In this context, compliance audits are a critical component of risk management strategies, enabling entities to identify and address potential compliance issues and minimize the risk of penalties and disruptions to their international trade operations. The market is a dynamic and evolving landscape, requiring ongoing attention and adaptation to ensure compliance and optimize international trade operations.

How is this Customs Audit Industry segmented?

The customs audit industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Customs audit services
  Customs advisory services


Type

  Financial audit
  Operational audit
  Compliance audit
  Risk management audit
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Service Insights

The customs audit services segment is estimated to witness significant growth during the forecast period.

The market encompasses various entities that play a crucial role in international trade, including sanctions compliance, anti-dumping duties, trade remedies, customs broker, letters of credit, bonded warehousing, duty drawback, inventory management, supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, trade agreements, freight forwarder, trade finance, compliance audits, import regulations, data analytics, export controls, duty rates, risk management, customs compliance, countervailing duties, documentary credits, free trade zones, tariff classification, customs technology, automated systems, and customs investigations. In developed economies

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

BackgroundThe export of traditional Chinese medicinal products is a pivotal force in enhancing the international recognition of Traditional Chinese Medicine (TCM). From 2013 to 2022, the export trend of traditional Chinese medicinal products demonstrated stable and rapid growth. However, the export structure remained suboptimal, with raw material-based products accounting for a significantly larger proportion than high value-added products. This imbalance has hindered the enhancement of traditional Chinese medicinal value and the potential for branding in the global market. Therefore, an in-depth study of the current status and associated factors of the export is essential to optimize the export structure, adjust export policies, and promote the international trade.MethodsWe employed joinpoint regression analysis to examine the export value trend of traditional Chinese medicinal products from 2013 to 2022. Subsequently, we utilized stochastic frontier analysis and trade inefficiency analysis to investigate the factors associated with the export value across 182 countries and regions from 2020 to 2022. The export value data was sourced from the China Chamber of Commerce for Import and Export of Medicines and Health Products. The associated factors were sourced from publicly available databases.ResultsJoinpoint regression analysis showed the Annual Average Percent Change (AAPC) of the export value of traditional Chinese medicinal products from 2013 to 2022 was 6.9211 (95% Confidence Interval [CI] 5.9176 to 7.9341). Among them, raw material-based products included Chinese medicinal materials and herbal decoction pieces, as well as plant extracts, with AAPC being 1.7822 (95%CI −3.4203 to 7.2649), and 10.0290 (95%CI 3.5599 to 16.9023), respectively. They comprised over 80% of total exports. High value-added products included Chinese patent medicines and TCM health products, with AAPC being 3.6420 (95%CI −0.7595 to 8.2387) and 17.0895 (95%CI 4.7468 to 30.8865), respectively. They constituted a relatively minor share of total exports. Stochastic frontier analysis showed the coefficient (t-ratio) of factors associated with the export, including China’s GDP at 0.0772 (9.3276), the GDP of the export country or region at 0.1240 (3.9521), the capital distance between the export country or region and China at −0.3059 (−8.2793), the population of the export country or region at 0.0329 (3.4657), having a common border with China at −0.3179 (−4.3428), having a common language with China at 1.3316 (13.3217), being a landlocked country or region at −0.3531 (−9.3519). Trade inefficiency analysis showed the coefficient (t-ratio) of associated factors, including having a trade agreement with China at −7.1587 (−38.7960), pharmaceutical products tariffs at 0.2930 (7.7920), cultural distance from China at 0.5995 (7.1274), the overseas registration status of Chinese patent medicines at 2.3608 (13.6945), and the presence of TCM institutions at 6.1643 (16.1009).ConclusionsThe export value of traditional Chinese medicinal products from 2013 to 2022 showed an overall upward trend. However, the export structure remained suboptimal. Stochastic frontier analysis and trade inefficiency analysis revealed the relevance of associated factors to the export value. Based on the above results, we recommend six measures to optimize the export structure and enhance the international recognition of traditional Chinese medicinal products.

BackgroundThe export of traditional Chinese medicinal products is a pivotal force in enhancing the international recognition of Traditional Chinese Medicine (TCM). From 2013 to 2022, the export trend of traditional Chinese medicinal products demonstrated stable and rapid growth. However, the export structure remained suboptimal, with raw material-based products accounting for a significantly larger proportion than high value-added products. This imbalance has hindered the enhancement of traditional Chinese medicinal value and the potential for branding in the global market. Therefore, an in-depth study of the current status and associated factors of the export is essential to optimize the export structure, adjust export policies, and promote the international trade.MethodsWe employed joinpoint regression analysis to examine the export value trend of traditional Chinese medicinal products from 2013 to 2022. Subsequently, we utilized stochastic frontier analysis and trade inefficiency analysis to investigate the factors associated with the export value across 182 countries and regions from 2020 to 2022. The export value data was sourced from the China Chamber of Commerce for Import and Export of Medicines and Health Products. The associated factors were sourced from publicly available databases.ResultsJoinpoint regression analysis showed the Annual Average Percent Change (AAPC) of the export value of traditional Chinese medicinal products from 2013 to 2022 was 6.9211 (95% Confidence Interval [CI] 5.9176 to 7.9341). Among them, raw material-based products included Chinese medicinal materials and herbal decoction pieces, as well as plant extracts, with AAPC being 1.7822 (95%CI −3.4203 to 7.2649), and 10.0290 (95%CI 3.5599 to 16.9023), respectively. They comprised over 80% of total exports. High value-added products included Chinese patent medicines and TCM health products, with AAPC being 3.6420 (95%CI −0.7595 to 8.2387) and 17.0895 (95%CI 4.7468 to 30.8865), respectively. They constituted a relatively minor share of total exports. Stochastic frontier analysis showed the coefficient (t-ratio) of factors associated with the export, including China’s GDP at 0.0772 (9.3276), the GDP of the export country or region at 0.1240 (3.9521), the capital distance between the export country or region and China at −0.3059 (−8.2793), the population of the export country or region at 0.0329 (3.4657), having a common border with China at −0.3179 (−4.3428), having a common language with China at 1.3316 (13.3217), being a landlocked country or region at −0.3531 (−9.3519). Trade inefficiency analysis showed the coefficient (t-ratio) of associated factors, including having a trade agreement with China at −7.1587 (−38.7960), pharmaceutical products tariffs at 0.2930 (7.7920), cultural distance from China at 0.5995 (7.1274), the overseas registration status of Chinese patent medicines at 2.3608 (13.6945), and the presence of TCM institutions at 6.1643 (16.1009).ConclusionsThe export value of traditional Chinese medicinal products from 2013 to 2022 showed an overall upward trend. However, the export structure remained suboptimal. Stochastic frontier analysis and trade inefficiency analysis revealed the relevance of associated factors to the export value. Based on the above results, we recommend six measures to optimize the export structure and enhance the international recognition of traditional Chinese medicinal products.

The value of exports of China amounted to almost 3.4 trillion U.S. dollars in 2023, meaning that it was, by far, the country with the highest exports worldwide that year. China's export market The value of goods exported from China increased rapidly from 2020 to 2021. By 2021, China accounted for about 15 percent of global merchandise exports and about six percent of global service exports. The leading export products of China were machinery and transport equipment, with an export value of about 1.7 trillion U.S. dollars in 2022. U.S. export market The United States recorded an export value of over two trillion U.S. dollars in 2023, making it the world's second-largest exporter. The main trading partners of the U.S. are Canada, Mexico, and China. In 2022, among the products exported by the U.S., petroleum and coal saw the largest growth in export value at 60 percent. Texas and California were the top two U.S. states ranked by value of exports in 2023. Texas ranked first with exports valued at 444.5 billion U.S. dollars. As far as global imports are concerned, the United States was the leading country as of 2022, with an import value of about 3.4 trillion U.S. dollars.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

In this paper, the stochastic frontier gravity model is applied to analyze the trade potential between China and Nepal and the prospects of Lanzhou-Kathmandu South Asian rail-road freight trains (LKSARFT). Based on the statistical data, we test the Exports Efficiency (EE), Bilateral Trade Efficiency (BTE), Exports Trade Potential (ETP), Bilateral Trade Potential (BTP), Extended Exports Trade Potential (EETP), Extended Bilateral Trade Potential (EBTP), Improved Exports Trade Potential (IETP) and Improved Bilateral Trade Potential (IBTP) between China and Nepal, the following analysis results can be found: for the bilateral trade model, the bilateral non-efficiency factor decreasing at a rate of 0.057 with time increasing, bilateral trade increasing at a rate of 0.057 with time increasing. For the exports model, the exports non-efficiency factor increasing at a rate of 0.004 with time increasing, exports trade decreasing at a rate of 0.057 with time increasing. The BTE between China and Nepal increases when time changes, the EE from China to Nepal remains constant changing during the 18 years. The changing range of BTE is 0.002–0.05; the changing range of EE from China to Nepal is over 0.1, larger than the BTE. The BTE and EE ranking among the eight South Asian countries are ranking fifth and fourth during the 18 years. exports trade resistance from China to Nepal is larger than bilateral trade resistance; The import trade potential from Nepal to China is huge, the focus of bilateral trade between China and Nepal may be changed, there are more goods may be exported from Nepal to China, and China may become trade deficit when trading with Nepal. Then, the development bottlenecks of the LKSARFT are analyzed. Finally, we give policy directions to boost bilateral trade efficiency and tap the potential of bilateral trade between China and Nepal.

It refers to the foreign currency assets (including foreign currency cash, foreign currency deposits, and securities denominated in foreign currency) held by the central bank for non-residents, which can be freely used and utilized as needed to alleviate international balance of payments deficits.

Snapshot img

Trade Finance Market Size 2025-2029

The trade finance market size is forecast to increase by USD 18.6 billion, at a CAGR of 5.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of exports and the incorporation of advanced technology into trade finance solutions. This trend is expected to continue as global trade volumes increase and businesses seek more efficient and secure methods for financing international transactions. In the realm of business and finance, the Banking, Financial Services, and Insurance (BFSI) sector has experienced significant advancements in technology, particularly in trade financing. Advanced technology, including fintech solutions, is also transforming trade finance, providing more efficient funding options, hedging alternatives, and fraud prevention measures. However, the market is not without challenges. Protectionist policies and trade wars pose significant obstacles, creating uncertainty and potential disruptions in global trade flows. As a result, trade finance providers must navigate these geopolitical risks while also adapting to technological advancements and evolving customer expectations.
Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on leveraging technology to streamline processes, enhance security, and provide customized solutions for clients. Additionally, building strong relationships with clients and maintaining a deep understanding of regulatory and geopolitical risks will be crucial for success in this dynamic market.

What will be the Size of the Trade Finance Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the dynamic nature of global trade and the increasing adoption of digital technologies. Trade finance instruments and services play a crucial role in facilitating international business transactions, with applications spanning various sectors. Compliance with regulations and adherence to trade finance frameworks are essential components of this ecosystem. Digital trade finance solutions, such as supply chain finance and invoice discounting, are gaining traction, streamlining processes and enhancing efficiency. Trade finance advisory and analytics offer valuable insights, enabling informed decision-making. Export credit insurance and export finance provide risk mitigation and financing options for exporters.

Trade finance institutions, including banks and non-bank financial institutions, are leveraging technology to offer innovative products and services. Trade finance platforms and models are evolving to address the challenges of complex global supply chains and changing market conditions. The trade finance industry remains focused on adapting to these trends and continuously improving its offerings to meet the needs of businesses. The ongoing unfolding of market activities and evolving patterns in the market present numerous opportunities for growth and innovation. Trade finance strategies that effectively address these dynamics and leverage technology will be key to success in this ever-changing landscape.

How is this Trade Finance Industry segmented?

The trade finance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Traditional trade finance
  Supply chain finance
  Structured trade finance


End-user

  Importers and exporters
  Banks and financiers
  Insurers and export credit agencies


Product Type

  Letters of credit
  Supply chain finance
  Trade credit insurance
  Documentary collections
  Others


Business Segment

  Domestic trade finance
  International trade finance


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    The Netherlands
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The traditional trade finance segment is estimated to witness significant growth during the forecast period.

Trade finance is a vital component of international business, providing risk management tools and facilitating trade payments through various instruments such as commercial letters of credit, documentary collections, open account processing, purchase order management, and document preparation. JPMorgan Chase and Co. (JPMorgan) are among the institutions offering these traditional trade finance solutions via web-based trade transaction management platforms. These platforms enable clients to manage their trade activities from purchase orders to payments, connecting sellers and buyers to the

Key information about Iran Crude Oil: Exports

• Iran Crude Oil: Exports was reported at 1,322.634 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 900.632 Barrel/Day th for Dec 2022
• Iran Crude Oil: Exports data is updated yearly, averaging 2,122.500 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 2,684.100 Barrel/Day th in 2004 and a record low of 404.489 Barrel/Day th in 2020
• Iran Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

The global EUV Lithography sales were valued at around US$ 4,648.6 Million by the end of 2021. The market is projected to register a 21.5% CAGR between 2022 and 2029 reaching a value of US$ 22,978.6 Million by 2029. EUV stands for extreme ultraviolet which refers to light’s wavelength. Increasing advanced lithographic systems is one of the key factors accelerating the sales of this technology in the market.

Attribute	Details
Global EUV Lithography Market Value (2021A)	US$ 4,648.6 Million
Global EUV Lithography Market Analysis Estimation (2022E)	US$ 5,879.6 Million
Global EUV Lithography Market Analysis Projection (2029F)	US$ 22,978.6 Million
Value CAGR (2022 to 2029)	21.5%
Collective Value Share: Top 3 Countries (2022E)	60.8%

How The Market Progressed Till June 2022?

Market Statistics	Details
H1,2021 (A)	14.6%
H1,2022 Projected (P)	20.9%
H1,2022 Outlook (O)	18.3%
BPS Change : H1,2022 (O) - H1,2022 (P)	(-) 264 ↓
BPS Change : H1,2022 (O) - H1,2021 (A)	(+) 373 ↑

Scope of Report

Attribute	Details
Forecast Period	2022 to 2029
Historical Data Available for	2014 to 2021
Market Analysis	US$ Million for Value and Units for Volume
Key Regions Covered	Americas, EMEA, and Asia Pacific
Key Countries Covered	USA, Germany, France, China, Japan, South Korea, and Singapore
Key Segments Covered	By End Use, By Region
Key Companies Profiled	ASML Nikon Canon Carl Zeiss Toppan Printing NTT Advanced Technology Intel Samsung SK Hynix Toshiba TSMC Global Foundries
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

This research examines the impact of the Regional Comprehensive Economic Partnership (RCEP) on the textile and apparel industry within its member nations. The study seeks to understand the implications of RCEP on trade dynamics, innovation chains, and industrial integration in the textile sector. The study uses both quantitative analysis of trade data and qualitative assessment of policy frameworks to analyze changes in textile trade and patterns among RCEP members through UN Comtrade data. Qualitative analysis is conducted to examine RCEP policies related to intellectual property protection, investment regulations, and innovation cooperation. The findings reveal a significant increase in textile trade volume among RCEP member countries following the agreement’s implementation. China emerges as a key player, experiencing substantial growth in textile exports to RCEP nations, particularly driven by tariff reduction initiatives. RCEP provisions stimulate demand for innovation within the textile industry, fostering collaborative efforts in scientific research and development.

In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

The global antimicrobial car care products market size is estimated to be worth around US$ 194 Million in 2022. With rising focus towards maintaining vehicle hygiene, the overall market is projected to grow at a robust CAGR of 7.3% between 2022 and 2030, totaling a valuation of US$ 341.8 Million by 2030.

Attribute	Details
Antimicrobial Car Care Products Market Estimated Size in 2022	US$ 194.0 Million
Antimicrobial Car Care Products Market Projected Size in 2030	US$ 341.8 Million
Antimicrobial Car Care Products Market Historical CAGR (2015 to 2021)	5.8%
Antimicrobial Car Care products Market Value-Based CAGR (2022 to 2030)	7.3%

How The Market Progressed Till June 2022?

Market Statistics	Details
H1,2021 (A)	6.8%
H1,2022 Projected (P)	7.1%
H1,2022 Outlook (O)	7.0%
BPS Change : H1,2022 (O) - H1,2022 (P)	(+) 22 ↑
BPS Change : H1,2022 (O) - H1,2021 (A)	(-) 12 ↓

Scope of the Report

Attribute	Details
Historical Data Available for	2015 to 2021
Forecast Period	2022 to 2030
Market Analysis	Units for Volume and US$ Million for Value
Key Regions Covered	North America, Latin America, Europe, East Asia. South Asia & Pacific and MEA
Key Countries Covered	US, Canada, Mexico, Brazil, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey, Saudi Arabia and South Africa
Key Segments Covered	Type, Vehicle Type, Sales Channel and Region
Key Companies Profiled	Biocote Ltd. 3M Company Microban International Sanitized AG Clean Control Corporation Adam’s Polishes GardGroup Inc. Ziebart International Corporation Biopledge LLC Dow Chemical Company Clariant AG, Addmaster (UK) Ltd. Clorox Professional Products Company
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

Main evaluation indicators in ROC analysis.

Trade potential measurement results between China and Nepal (Billion USD).