Air Conditioners in China 2021 Exports | Imports : $21.4B | $738M, World Rnk 1 / 201 Rnk 32 / 1215 | World Rnk 22 / 223 Rnk 285 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $937M | $15.6M, United States | Netherlands
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Air Conditioners: 0.3, Rnk 443 / 1029
Exports In 2021, China exported $21.4B in Air Conditioners, making it the 1st largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 32nd most exported product in China. The main destination of Air Conditioners exports from China are: United States ($3.2B), Japan ($2.33B), Italy ($796M), Saudi Arabia ($787M), and Brazil ($787M).
The fastest growing export markets for Air Conditioners of China between 2020 and 2021 were United States ($937M), Japan ($419M), and Brazil ($309M).
Imports In 2021, China imported $738M in Air Conditioners, becoming the 22nd largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 285th most imported product in China. China imports Air Conditioners primarily from: Germany ($213M), Japan ($159M), South Korea ($95.4M), Netherlands ($53.2M), and Thailand ($41.8M).
The fastest growing import markets in Air Conditioners for China between 2020 and 2021 were Netherlands ($15.6M), South Korea ($15.1M), and Germany ($14.4M).
Tariffs In 2018, the average tariff for China in Air Conditioners was 12.8%. The countries with the highest import tariffs for Air Conditioners were Benin (Most Favoured Nation duty rate treatment, 20%), Pakistan (Most Favoured Nation duty rate treatment, 20%), Timor-Leste (Most Favoured Nation duty rate treatment, 20%), Peru (Most Favoured Nation duty rate treatment, 20%), and Bangladesh (Most Favoured Nation duty rate treatment, 18.6%).
March 2023
Overview In March 2023 China's Air Conditioners exports accounted up to $2.59B and imports accounted up to $37.9M, resulting in a positive trade balance of $2.55B. Between March 2022 and March 2023 the exports of China's Air Conditioners have decreased by $-6.53M (-0.25%) from $2.6B to $2.59B, while imports decreased by $-15.4M (-28.8%) from $53.3M to $37.9M.
Destinations In March 2023, Air Conditioners were exported mostly to United States ($383M), Japan ($190M), Iraq ($133M), Italy ($122M), and Russia ($114M), and were imported mostly from Germany ($7.91M), Japan ($5.32M), Thailand ($4.42M), South Korea ($3.24M), and Poland ($2.83M).
Growth In March 2023, the decrease in Air Conditioners's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-24.1M or -35.3%), Saudi Arabia ($-11.5M or -16.7%), and Japan ($-11.5M or -8.35%). In March 2023, the decrease in Air Conditioners's year-by-year imports was explained primarily by a decrease in imports from United States ($-7.24M or -70.8%), Germany ($-4.56M or -22.6%), and Japan ($-3.14M or -26.1%).
EXPORT GROWTH (March 2022 - March 2023): $-6.53M, (-0.25%)
IMPORT GROWTH (March 2022 - March 2023): $-15.4M, (-28.8%)
MAIN EXPORTER (March 2023): Guangdong Province, $1.43B
MAIN DESTINATION (March 2023): United States, $383M
This section shows Air Conditioners'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 Air Conditioners over time.
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EXPORTS (2021): $21.4B
IMPORTS (2021): $738M
NET TRADE (2021): $20.6B
In 2021, China exported $21.4B in Air Conditioners. The main destinations of China exports on Air Conditioners were United States ($3.2B), Japan ($2.33B), Italy ($796M), Saudi Arabia ($787M), and Brazil ($787M).
In 2021, China imported $738M in Air Conditioners, mainly from Germany ($213M), Japan ($159M), South Korea ($95.4M), Netherlands ($53.2M), and Thailand ($41.8M).
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Air Conditioners were:
In 2021, China's main importing competitors in Air Conditioners were:
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