Engine Parts in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $7.96B in Engine Parts, making it the 2nd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 88th most exported product in China. The main destination of Engine Parts exports from China are: United States ($1.71B), Mexico ($500M), Japan ($462M), Germany ($418M), and South Korea ($373M).

The fastest growing export markets for Engine Parts of China between 2021 and 2022 were United States ($228M), Mexico ($90.8M), and Russia ($78.7M).

Imports In 2022, China imported $3.25B in Engine Parts, becoming the 4th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 104th most imported product in China. China imports Engine Parts primarily from: Germany ($1.19B), Japan ($720M), South Korea ($376M), United States ($179M), and United Kingdom ($70.1M).

The fastest growing import markets in Engine Parts for China between 2021 and 2022 were South Korea ($53.9M), Norway ($17.3M), and Italy ($16.3M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (1.47k), FORD MOTOR COMPANY (990), and ABB MOTORS AND MECHANICAL INC (408) were at the forefront of shipping Engine Parts from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Engine Parts exports accounted up to $656M and imports accounted up to $224M, resulting in a positive trade balance of $433M. Between February 2023 and February 2024 the exports of China's Engine Parts have increased by $110M (20.1%) from $546M to $656M, while imports decreased by $-8.47M (-3.65%) from $232M to $224M.

Destinations In February 2024, Engine Parts were exported mostly to United States ($119M), Mexico ($45M), Russia ($39.6M), Japan ($36.1M), and Germany ($35.6M), and were imported mostly from Germany ($63.8M), Japan ($41.3M), South Korea ($32.4M), United States ($14.8M), and Turkey ($7.5M).

Growth In February 2024, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($19.9M or 59.5%), United States ($15.9M or 11%), and Russia ($13.6M or 61.3%). In February 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-36M or -46.6%), Germany ($-18.7M or -24.3%), and Italy ($-6.21M or -65.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$110M(20.1%)

IMPORT GROWTH (February 2023 - February 2024)$-8.47M(-3.65%)

MAIN EXPORTER (February 2024)Jiangsu Province$136M

MAIN DESTINATION (February 2024)United States$119M

This section shows Engine Parts'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 Engine Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.96B

IMPORTS (2022)$3.25B

NET TRADE (2022)$4.72B

In 2022, China exported $7.96B in Engine Parts. The main destinations of China exports on Engine Parts were United States ($1.71B), Mexico ($500M), Japan ($462M), Germany ($418M), and South Korea ($373M).

In 2022, China imported $3.25B in Engine Parts, mainly from Germany ($1.19B), Japan ($720M), South Korea ($376M), United States ($179M), and United Kingdom ($70.1M).

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