Balances in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $102M in Balances, making it the 1st largest exporter of Balances in the world. At the same year, Balances was the 873rd most exported product in China. The main destination of Balances exports from China are: United States ($19.9M), Germany ($11.9M), Netherlands ($11.2M), India ($10.5M), and Japan ($4.27M).

The fastest growing export markets for Balances of China between 2021 and 2022 were India ($3.2M), Germany ($3M), and United Kingdom ($2.98M).

Imports In 2022, China imported $26M in Balances, becoming the 4th largest importer of Balances in the world. At the same year, Balances was the 886th most imported product in China. China imports Balances primarily from: Germany ($15.4M), Philippines ($2.32M), Singapore ($1.81M), Switzerland ($1.51M), and Japan ($1.37M).

The fastest growing import markets in Balances for China between 2021 and 2022 were Germany ($2.51M), Singapore ($1.19M), and China ($196k).

COMPANIES In 2023, leading companies such as BASS PRO LLC (273), HILTI NDC NEW JERSEY (66), and BSH HOME APPLIANCES CORPORATION (39) were at the forefront of shipping Balances from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Balances exports accounted up to $5.94M and imports accounted up to $4.14M, resulting in a positive trade balance of $1.8M. Between February 2023 and February 2024 the exports of China's Balances have decreased by $-169k (-2.76%) from $6.11M to $5.94M, while imports decreased by $-779k (-15.9%) from $4.91M to $4.14M.

Destinations In February 2024, Balances were exported mostly to United States ($1.61M), Netherlands ($1.43M), India ($661k), Japan ($283k), and Brazil ($183k), and were imported mostly from Switzerland ($2.59M), Germany ($1.1M), Philippines ($161k), United States ($103k), and Japan ($89.7k).

Growth In February 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to Democratic Republic of the Congo ($-349k or -86.5%), Germany ($-268k or -67%), and Japan ($-207k or -50.7%). In February 2024, the decrease in Balances's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-1.43M or -58.9%), Netherlands ($-232k or -71.8%), and Japan ($-108k or -73.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-169k(-2.76%)

IMPORT GROWTH (February 2023 - February 2024)$-779k(-15.9%)

MAIN EXPORTER (February 2024)Shanghai Province$5.27M

MAIN DESTINATION (February 2024)United States$1.61M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$102M

IMPORTS (2022)$26M

NET TRADE (2022)$75.9M

In 2022, China exported $102M in Balances. The main destinations of China exports on Balances were United States ($19.9M), Germany ($11.9M), Netherlands ($11.2M), India ($10.5M), and Japan ($4.27M).

In 2022, China imported $26M in Balances, mainly from Germany ($15.4M), Philippines ($2.32M), Singapore ($1.81M), Switzerland ($1.51M), and Japan ($1.37M).

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