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2023
Exports $4.96BWorld Rnk 6 / 208
Flag Rnk 56 / 96
2023
Destination $1.18B Hong Kong
2022 - 2023
FASTEST GROWING MARKET $1.18BHong Kong
2023
PRODUCT COMPLEXITY IN Aircraft and spacecraft0.54Rnk 352 / 1025
2023
Imports $11.8BWorld Rnk 6 / 221
Flag Rnk 26 / 96
2023
Origin $604M France
2022 - 2023
FASTEST GROWING ORIGIN $604MIreland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $4.96B in Aircraft and spacecraft, making it the 6th largest exporter of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 56th most exported product in China. The main destination of Aircraft and spacecraft exports from China are: Hong Kong ($1.38B), United States ($397M), South Korea ($327M), Philippines ($302M), and United Kingdom ($294M).

The fastest growing export markets for Aircraft and spacecraft of China between 2022 and 2023 were Hong Kong ($1.18B), South Korea ($278M), and Philippines ($250M).

Imports In 2023, China imported $11.8B in Aircraft and spacecraft, becoming the 6th largest importer of Aircraft and spacecraft in the world. At the same year, Aircraft and spacecraft was the 26th most imported product in China. China imports Aircraft and spacecraft primarily from: France ($3.41B), Germany ($3.23B), United States ($2.49B), Ireland ($1.16B), and Canada ($433M).

The fastest growing import markets in Aircraft and spacecraft for China between 2022 and 2023 were Ireland ($604M), Canada ($222M), and Germany ($102M).

COMPANIES In 2024, leading companies such as CrimsonLogic (302), Cummins Jaw Warehouse (131), and IKEA Group (73) were at the forefront of shipping Aircraft and spacecraft from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Aircraft and spacecraft exports accounted up to $1.03B and imports accounted up to $1.52B, resulting in a negative trade balance of $488M. Between December 2023 and December 2024 the exports of China's   Aircraft and spacecraft have increased by $386M (59.5%) from $649M to $1.03B, while imports increased by $574M (60.5%) from $949M to $1.52B.

Destinations In December 2024, Aircraft and spacecraft were exported mostly to Pakistan ($251M), United States ($135M), Hong Kong ($123M), United Kingdom ($82.7M), and Canada ($54.5M), and were imported mostly from United States ($617M), France ($585M), Germany ($210M), United Kingdom ($20.7M), and Russia ($15.2M).

Growth In December 2024, the increase in Aircraft and spacecraft's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($38M or 361%), Canada ($18.8M or 178%), and France ($12.7M or 67%). In December 2024, the increase in Aircraft and spacecraft's year-by-year imports was explained primarily by an increase in imports from Germany ($138M or 134%), Japan ($21.5M or 1.16k%), and Canada ($13.7M or 502%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$386M(59.5%)
IMPORT GROWTH (December 2023 - December 2024)$574M(60.5%)
MAIN EXPORTER (December 2024)Tianjin$344M
MAIN DESTINATION (December 2024)Pakistan$251M

This section shows Aircraft and spacecraft'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 Aircraft and spacecraft over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.96B
IMPORTS (2023)$11.8B
NET TRADE (2023)-$6.82B

In 2023, China exported $4.96B in Aircraft and spacecraft. The main destinations of China exports on Aircraft and spacecraft were Hong Kong ($1.38B), United States ($397M), South Korea ($327M), Philippines ($302M), and United Kingdom ($294M).

In 2023, China imported $11.8B in Aircraft and spacecraft, mainly from France ($3.41B), Germany ($3.23B), United States ($2.49B), Ireland ($1.16B), and Canada ($433M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Aircraft and spacecraft EXPORT MARKETS FOR China WERE (2022 - 2023):
Hong Kong$1.18B (587%)
South Korea$278M (569%)
Philippines$250M (483%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aircraft and spacecraft BY China WERE (2022 - 2023):
Ireland-$166M (-85.6%)
Morocco-$109M (-98.4%)
Singapore-$76.1M (-44.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Aircraft and spacecraft were:
United States $65.6B
France $44.7B
Germany $32B
In 2023, China's main importing competitors in Aircraft and spacecraft were:
United States $31.9B
Ireland $17.2B
United Kingdom $15.6B

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Trade Value of Aircraft and spacecraft by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $150M
TOP IMPORT POTENTIALUnited States+ $365M

Aircraft and spacecraft’s highest export potential is United States. With an export gap of $150M.   Aircraft and spacecraft’s highest import potential is United States with an import gap of $365M.

See methodology.

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