Batteries in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $2.92B in Batteries, making it the 1st largest exporter of Batteries in the world. At the same year, Batteries was the 238th most exported product in China. The main destination of Batteries exports from China are: United States ($393M), Germany ($226M), Hong Kong ($179M), United Kingdom ($126M), and Japan ($111M).

The fastest growing export markets for Batteries of China between 2021 and 2022 were United Kingdom ($46.6M), United States ($41.5M), and Russia ($17.5M).

Imports In 2022, China imported $386M in Batteries, becoming the 3rd largest importer of Batteries in the world. At the same year, Batteries was the 403rd most imported product in China. China imports Batteries primarily from: Hong Kong ($103M), Japan ($70.3M), Indonesia ($51.1M), China ($46.8M), and Singapore ($37.4M).

The fastest growing import markets in Batteries for China between 2021 and 2022 were Hong Kong ($93.3M), Malaysia ($13.2M), and Indonesia ($7.05M).

COMPANIES In 2023, leading companies such as VOLKSWAGEN GROUP OF AMERICA (7.34k), WAL-MART INC. (4.02k), and AMAZON SERVICES LLC (2.44k) were at the forefront of shipping Batteries from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Batteries exports accounted up to $142M and imports accounted up to $16.8M, resulting in a positive trade balance of $126M. Between February 2023 and February 2024 the exports of China's Batteries have decreased by $-28.6M (-16.7%) from $171M to $142M, while imports decreased by $-6.98M (-29.3%) from $23.8M to $16.8M.

Destinations In February 2024, Batteries were exported mostly to United States ($19.1M), Russia ($10.7M), Germany ($8.24M), Indonesia ($6.74M), and Hong Kong ($6.54M), and were imported mostly from Japan ($6.96M), Indonesia ($3.9M), China ($1.5M), United States ($890k), and Germany ($784k).

Growth In February 2024, the decrease in Batteries's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-11M or -57.6%), Germany ($-8.31M or -42.7%), and Tanzania ($-5.54M or -74%). In February 2024, the decrease in Batteries's year-by-year imports was explained primarily by a decrease in imports from China ($-4.72M or -73.5%), Indonesia ($-2.24M or -29.7%), and Singapore ($-1.31M or -55.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-28.6M(-16.7%)

IMPORT GROWTH (February 2023 - February 2024)$-6.98M(-29.3%)

MAIN EXPORTER (February 2024)Zhejiang Province$90.4M

MAIN DESTINATION (February 2024)United States$19.1M

This section shows Batteries'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 Batteries over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.92B

IMPORTS (2022)$386M

NET TRADE (2022)$2.53B

In 2022, China exported $2.92B in Batteries. The main destinations of China exports on Batteries were United States ($393M), Germany ($226M), Hong Kong ($179M), United Kingdom ($126M), and Japan ($111M).

In 2022, China imported $386M in Batteries, mainly from Hong Kong ($103M), Japan ($70.3M), Indonesia ($51.1M), China ($46.8M), and Singapore ($37.4M).

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