Electric Batteries in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $58.7B in Electric Batteries, making it the 1st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 6th most exported product in China. The main destination of Electric Batteries exports from China are: United States ($10.5B), Germany ($8.08B), South Korea ($5.52B), Vietnam ($3.12B), and Netherlands ($2.69B).

The fastest growing export markets for Electric Batteries of China between 2021 and 2022 were United States ($5.33B), Germany ($4.41B), and South Korea ($2.31B).

Imports In 2022, China imported $3.51B in Electric Batteries, becoming the 10th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 96th most imported product in China. China imports Electric Batteries primarily from: Germany ($725M), South Korea ($598M), Japan ($570M), China ($474M), and Singapore ($350M).

The fastest growing import markets in Electric Batteries for China between 2021 and 2022 were Malaysia ($125M), Singapore ($54.5M), and Poland ($40.4M).

COMPANIES In 2023, leading companies such as PANASONIC AUTOMOTIVE SYSTEMS (20), PANASONIC INDUSTRIAL DEVICES (14), and THE LOVESAC COMPANY (12) were at the forefront of shipping Electric Batteries from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Electric Batteries exports accounted up to $4.93B and imports accounted up to $232M, resulting in a positive trade balance of $4.7B. Between March 2023 and March 2024 the exports of China's Electric Batteries have decreased by $-1.27B (-20.5%) from $6.2B to $4.93B, while imports decreased by $-23.3M (-9.14%) from $255M to $232M.

Destinations In March 2024, Electric Batteries were exported mostly to United States ($1.1B), Germany ($984M), South Korea ($308M), Vietnam ($300M), and Japan ($230M), and were imported mostly from Malaysia ($43.9M), Germany ($32.9M), South Korea ($27.8M), Poland ($24.8M), and Japan ($24.6M).

Growth In March 2024, the decrease in Electric Batteries's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-159M or -62%), Vietnam ($-75.8M or -23.5%), and Slovenia ($-23.4M or -42.4%). In March 2024, the decrease in Electric Batteries's year-by-year imports was explained primarily by a decrease in imports from China ($-98.8M or -82.2%), Singapore ($-37.4M or -81.7%), and Germany ($-33.3M or -64.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-1.27B(-20.5%)

IMPORT GROWTH (March 2023 - March 2024)$-23.3M(-9.14%)

MAIN EXPORTER (March 2024)Fujian Province$1.37B

MAIN DESTINATION (March 2024)United States$1.1B

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$58.7B

IMPORTS (2022)$3.51B

NET TRADE (2022)$55.2B

In 2022, China exported $58.7B in Electric Batteries. The main destinations of China exports on Electric Batteries were United States ($10.5B), Germany ($8.08B), South Korea ($5.52B), Vietnam ($3.12B), and Netherlands ($2.69B).

In 2022, China imported $3.51B in Electric Batteries, mainly from Germany ($725M), South Korea ($598M), Japan ($570M), China ($474M), and Singapore ($350M).

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