Insulated Wire in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $33.9B in Insulated Wire, making it the 1st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 17th most exported product in China. The main destination of Insulated Wire exports from China are: United States ($4.59B), Hong Kong ($2.27B), South Korea ($2.26B), Japan ($2.22B), and Mexico ($1.8B).

The fastest growing export markets for Insulated Wire of China between 2021 and 2022 were United States ($529M), Mexico ($340M), and Indonesia ($329M).

Imports In 2022, China imported $5.66B in Insulated Wire, becoming the 5th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 60th most imported product in China. China imports Insulated Wire primarily from: Vietnam ($1.08B), China ($1B), South Korea ($757M), Germany ($738M), and Japan ($440M).

The fastest growing import markets in Insulated Wire for China between 2021 and 2022 were South Korea ($76M), Vietnam ($64.5M), and Philippines ($46.5M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (3.77k), ELECTROLUX HOME PRODUCTS, INC. (2.38k), and TE CONNECTIVITY CORPORATION (1.25k) were at the forefront of shipping Insulated Wire from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Insulated Wire exports accounted up to $1.91B and imports accounted up to $319M, resulting in a positive trade balance of $1.6B. Between February 2023 and February 2024 the exports of China's Insulated Wire have increased by $123M (6.85%) from $1.79B to $1.91B, while imports decreased by $-90.5M (-22.1%) from $409M to $319M.

Destinations In February 2024, Insulated Wire were exported mostly to United States ($239M), Japan ($120M), South Korea ($119M), Hong Kong ($101M), and Netherlands ($95.4M), and were imported mostly from Vietnam ($56.5M), South Korea ($32M), United States ($31.1M), China ($27.8M), and Japan ($25.7M).

Growth In February 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Turkey ($7.72M or 51.5%), Mexico ($6.99M or 8.84%), and Democratic Republic of the Congo ($5.17M or 88.7%). In February 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China ($-64.5M or -54.8%), Vietnam ($-31.4M or -21.1%), and South Korea ($-17.9M or -31.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$123M(6.85%)

IMPORT GROWTH (February 2023 - February 2024)$-90.5M(-22.1%)

MAIN EXPORTER (February 2024)Guangdong Province$778M

MAIN DESTINATION (February 2024)United States$239M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$33.9B

IMPORTS (2022)$5.66B

NET TRADE (2022)$28.2B

In 2022, China exported $33.9B in Insulated Wire. The main destinations of China exports on Insulated Wire were United States ($4.59B), Hong Kong ($2.27B), South Korea ($2.26B), Japan ($2.22B), and Mexico ($1.8B).

In 2022, China imported $5.66B in Insulated Wire, mainly from Vietnam ($1.08B), China ($1B), South Korea ($757M), Germany ($738M), and Japan ($440M).

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