Key Market Indicators
China is set to become the world's top trader in metal products over the next five years, with imports and exports reaching almost $25.5 billion by 2026. Currently, China is the world's third-largest importer of metal products, with $4.2 billion in imports in 2021. This is expected to grow by 2.2% year on year on average, reaching $4.8 billion by 2026. Germany leads the rankings with $4.2 billion, followed by Mexico. China is also the world's third-largest exporter of metal products, with $17.9 billion in exports in 2021. This is expected to grow by 2.5% year on year on average, reaching a total of $20.8 billion by 2026. Germany, the United States and Japan are the next largest exporters, respectively. Since 1997, Chinese demand for metal products has grown 5.4% year on year, while Chinese supply has increased 6.1% year on year. As a result, China is on track to become the world's top metal products trader in the next five years.
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