In the first quarter, my exports to the United States were $115 million, an increase of 6.2% from the first quarter of last year, accounting for 19.98% of the total exports. The US’s dominance remained solid.
The products I export to the United States include: stevia leaf extract, licorice extract, ginkgo biloba extract and other dietary supplement raw materials.
In the first quarter, my export value of Japanese extracts was US$66 million, a year-on-year increase of 12%, accounting for 11.49% of total exports. Maintained steady growth.
The main extract products for export are Hanfang extract, licorice hydrochloride, menthol, rutin and the like.
In the first quarter, my export value of Indonesian extracts was US$47 million, an increase of 181% year-on-year, accounting for 8.3% of total exports. The market for Indonesian extracts grew rapidly and market potential broke out.
Indonesia is China's largest export destination of flavors and fragrances, and its export varieties are mainly flavor and spice plant extracts.
Hong Kong market
Similarly, in the past two years, the Hong Kong market has performed well and its export performance has been excellent. In the first quarter, my exports to Hong Kong's extracts amounted to US$40 million, an increase of 76% year-on-year and 7% of total exports.
Hong Kong is a trading port for plant extracts. It is mainly used to transfer traditional Chinese medicine extracts and extracts of flavors and fragrances.
In the first quarter, my export value of German extracts was US$29 million, a year-on-year increase of 31%. The German market showed a steady growth momentum, accounting for 5% of total exports.
The main product I export to Germany is a dietary supplement plant extract.
In the first quarter, my export value of Indian extracts was 28 million US dollars, an increase of 21% year-on-year, accounting for 4.87% of total exports. The demand in the Indian market is stable. In recent years, it has been ranked among the top 10 markets.
Imagine the tempting curry rice, you can understand that the main variety I export to India is natural pigment plant extracts.
Since the 16th year, the Spanish market has squeezed into the top ten markets for export. The demand has risen steadily every year. The performance in the first quarter was flat compared with the same period of last year. The export value was 25 million US dollars, accounting for 4.5% of the total export value.
Similarly, imagine the strong red and yellow colors of the Spanish flag, you will understand. The Spanish market imports mainly pigmented plant extracts from China.
In the first quarter, my export value of French extracts was US$24 million, a year-on-year increase of 30%, accounting for 4.18% of total exports. The French market is relatively stable, and its performance has been steadily moving forward in recent years, with a slight increase in pace.
As a fashion capital, France is easy to think of high-end cosmetics, yes! France mainly imports essential oil extracts from China, and also imports pharmaceutical raw material extracts.
In the first quarter, my export performance of Korean extracts declined slightly. The export volume was 22 million US dollars, down 3% year-on-year. The Korean market developed rapidly in the past few years. In the brilliant period, it once rose to the top three in the export market. shrink.
The main varieties I export to South Korea: dietary supplements such as ginkgo biloba and plant extracts from pharmaceutical raw materials.
In the first quarter, my export performance of Malaysian extracts was the most serious, with exports amounting to 16 million US dollars, down 29% year-on-year. Previously, my export of Malaysian extracts was extremely rapid. Since 2015, the export performance of horse extracts has declined every year.
The main varieties I export to Malaysia: stevia extract and flavor extracts.