Cars, tractors, trucks & parts thereof. in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $153B in Cars, tractors, trucks & parts thereof., making it the 2nd largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 4th most exported product in China. The main destination of Cars, tractors, trucks & parts thereof. exports from China are: United States ($19.6B), Mexico ($7.76B), Russia ($6.3B), Belgium ($6.29B), and United Kingdom ($6.2B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of China between 2021 and 2022 were Belgium ($2.54B), Mexico ($2.5B), and United Kingdom ($2.31B).

Imports In 2022, China imported $72B in Cars, tractors, trucks & parts thereof., becoming the 4th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 7th most imported product in China. China imports Cars, tractors, trucks & parts thereof. primarily from: Germany ($30.6B), Japan ($12.6B), United States ($7.57B), United Kingdom ($4.44B), and Mexico ($3.09B).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for China between 2021 and 2022 were Mexico ($1.82B), United Arab Emirates ($440M), and Slovakia ($175M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (67.7k), IKEA SUPPLY AG (49.1k), and AMAZON SERVICES LLC (17.6k) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Cars, tractors, trucks & parts thereof. exports accounted up to $13.9B and imports accounted up to $4.33B, resulting in a positive trade balance of $9.61B. Between February 2023 and February 2024 the exports of China's Cars, tractors, trucks & parts thereof. have increased by $1.86B (15.4%) from $12.1B to $13.9B, while imports decreased by $-409M (-8.63%) from $4.74B to $4.33B.

Destinations In February 2024, Cars, tractors, trucks & parts thereof. were exported mostly to United States ($1.24B), Russia ($1.2B), Mexico ($802M), Brazil ($590M), and United Kingdom ($553M), and were imported mostly from Germany ($1.26B), Japan ($819M), United States ($748M), Slovakia ($282M), and United Kingdom ($209M).

Growth In February 2024, the increase in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by an increase in exports to Russia ($488M or 88.7%), Spain ($393M or 492%), and United Kingdom ($293M or 59%). In February 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by a decrease in imports from Japan ($-881M or -53.3%), United States ($-734M or -44.8%), and Germany ($-418M or -18.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.86B(15.4%)

IMPORT GROWTH (February 2023 - February 2024)$-409M(-8.63%)

MAIN EXPORTER (February 2024)Zhejiang Province$2.45B

MAIN DESTINATION (February 2024)United States$1.24B

This section shows Cars, tractors, trucks & parts thereof.'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 Cars, tractors, trucks & parts thereof. over time.

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