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Pricing

2022
Exports $168MWorld Rnk 1 / 140
Flag Rnk 802 / 1216
2022
Destination $6.63M United States
2021 - 2022
FASTEST GROWING MARKET $6.63MSingapore
2022
Imports $5.22MWorld Rnk 19 / 211
Flag Rnk 1071 / 1212
2022
Origin $689k United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $689kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $168M in Time Recording Instruments, making it the 1st largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 802nd most exported product in China. The main destination of Time Recording Instruments exports from China are: United States ($30.6M), Japan ($22.1M), Hong Kong ($12.6M), Malaysia ($10M), and Singapore ($8.84M).

The fastest growing export markets for Time Recording Instruments of China between 2021 and 2022 were Singapore ($6.63M), United States ($4.64M), and Netherlands ($1.54M).

Imports In 2022, China imported $5.22M in Time Recording Instruments, becoming the 19th largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 1071st most imported product in China. China imports Time Recording Instruments primarily from: United Arab Emirates ($2.57M), Netherlands ($462k), China ($426k), South Korea ($379k), and United States ($277k).

The fastest growing import markets in Time Recording Instruments for China between 2021 and 2022 were United Arab Emirates ($689k), Norway ($126k), and Vietnam ($56.2k).

COMPANIES In 2023, leading companies such as Costco Wholesale (9), CrimsonLogic (4), and Walgreens (3) were at the forefront of shipping Time Recording Instruments from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Time Recording Instruments exports accounted up to $31.9M and imports accounted up to $293k, resulting in a positive trade balance of $31.6M. Between July 2023 and July 2024 the exports of China's   Time Recording Instruments have increased by $18M (129%) from $13.9M to $31.9M, while imports decreased by $-72.7k (-19.9%) from $366k to $293k.

Destinations In July 2024, Time Recording Instruments were exported mostly to Russia ($19.7M), United States ($2.56M), Malaysia ($1.25M), Japan ($1.24M), and Singapore ($1.01M), and were imported mostly from United States ($71.6k), China ($41.2k), Chinese Taipei ($36.6k), Bangladesh ($26.7k), and Japan ($22.3k).

Growth In July 2024, the increase in Time Recording Instruments's year-by-year exports was explained primarily by an increase in exports to Singapore ($1.5M or 647%), Australia ($958k or 417%), and Spain ($467k or 270%). In July 2024, the decrease in Time Recording Instruments's year-by-year imports was explained primarily by a decrease in imports from United States ($-43.4k or -71.8%), China ($-26.6k or -71.1%), and United Kingdom ($-8.8k or -97%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$18M(129%)
IMPORT GROWTH (July 2023 - July 2024)$-72.7k(-19.9%)
MAIN EXPORTER (July 2024)Anhui Province$19.7M
MAIN DESTINATION (July 2024)Russia$19.7M

This section shows Time Recording Instruments'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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$168M
IMPORTS (2022)$5.22M
NET TRADE (2022)$163M

In 2022, China exported $168M in Time Recording Instruments. The main destinations of China exports on Time Recording Instruments were United States ($30.6M), Japan ($22.1M), Hong Kong ($12.6M), Malaysia ($10M), and Singapore ($8.84M).

In 2022, China imported $5.22M in Time Recording Instruments, mainly from United Arab Emirates ($2.57M), Netherlands ($462k), China ($426k), South Korea ($379k), and United States ($277k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$6.63M (300%)
United States$4.64M (17.9%)
Netherlands$1.54M (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY China WERE (2021 - 2022):
Malaysia-$2.25M (-18.3%)
Vietnam-$1.77M (-53.1%)
South Korea-$1.59M (-17.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Time Recording Instruments were:
France $41.2M
United States $24.5M
In 2022, China's main importing competitors in Time Recording Instruments were:
United States $54.5M
Germany $34.3M
Japan $34M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.06M
TOP IMPORT POTENTIALUnited States+ $185k

Time Recording Instruments’s highest export potential is India. With an export gap of $2.06M.   Time Recording Instruments’s highest import potential is United States with an import gap of $185k.

See methodology.

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