Batteries in China 2021 Exports | Imports : $2.83B | $296M, World Rnk 1 / 190 Rnk 213 / 1215 | World Rnk 7 / 223 Rnk 455 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $71.3M | $45.3M, Germany | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Batteries: 0.55, Rnk 348 / 1029
Exports In 2021, China exported $2.83B in Batteries, making it the 1st largest exporter of Batteries in the world. At the same year, Batteries was the 213th most exported product in China. The main destination of Batteries exports from China are: United States ($352M), Hong Kong ($249M), Germany ($223M), Poland ($111M), and Japan ($94.3M).
The fastest growing export markets for Batteries of China between 2020 and 2021 were Germany ($71.3M), Netherlands ($50.7M), and Poland ($35.9M).
Imports In 2021, China imported $296M in Batteries, becoming the 7th largest importer of Batteries in the world. At the same year, Batteries was the 455th most imported product in China. China imports Batteries primarily from: Japan ($109M), Singapore ($62.3M), Indonesia ($44.1M), Vietnam ($14.9M), and Hong Kong ($10.8M).
The fastest growing import markets in Batteries for China between 2020 and 2021 were Japan ($45.3M), Singapore ($29M), and Indonesia ($6.7M).
Tariffs In 2018, the average tariff for China in Batteries was 12.9%. The countries with the highest import tariffs for Batteries were Pakistan (Most Favoured Nation duty rate treatment, 20%), South Korea (Most Favoured Nation duty rate treatment, 18%), Bangladesh (Most Favoured Nation duty rate treatment, 17.4%), India (Most Favoured Nation duty rate treatment, 16.6%), and Sri Lanka (Most Favoured Nation duty rate treatment, 16.6%).
March 2023
Overview In March 2023 China's Batteries exports accounted up to $227M and imports accounted up to $28.7M, resulting in a positive trade balance of $198M. Between March 2022 and March 2023 the exports of China's Batteries have increased by $28.4M (14.3%) from $199M to $227M, while imports decreased by $-2.62M (-8.35%) from $31.4M to $28.7M.
Destinations In March 2023, Batteries were exported mostly to United States ($48.9M), Hong Kong ($11.4M), Russia ($10M), Germany ($9.97M), and Singapore ($9.52M), and were imported mostly from Japan ($8.08M), Indonesia ($6.82M), China ($3.31M), Singapore ($2.96M), and United States ($1.18M).
Growth In March 2023, the increase in Batteries's year-by-year exports was explained primarily by an increase in exports to Germany ($7.83M or 67.5%), Japan ($5.44M or 70.2%), and Nigeria ($4.72M or 75.8%). In March 2023, the decrease in Batteries's year-by-year imports was explained primarily by a decrease in imports from China ($-3.34M or -34.2%), Japan ($-2.63M or -27.2%), and Indonesia ($-1.94M or -20.4%).
EXPORT GROWTH (March 2022 - March 2023): $28.4M, (14.3%)
IMPORT GROWTH (March 2022 - March 2023): $-2.62M, (-8.35%)
MAIN EXPORTER (March 2023): Zhejiang Province, $83.3M
MAIN DESTINATION (March 2023): United States, $48.9M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $2.83B
IMPORTS (2021): $296M
NET TRADE (2021): $2.54B
In 2021, China exported $2.83B in Batteries. The main destinations of China exports on Batteries were United States ($352M), Hong Kong ($249M), Germany ($223M), Poland ($111M), and Japan ($94.3M).
In 2021, China imported $296M in Batteries, mainly from Japan ($109M), Singapore ($62.3M), Indonesia ($44.1M), Vietnam ($14.9M), and Hong Kong ($10.8M).
THE FASTEST GROWING Batteries EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Batteries were:
In 2021, China's main importing competitors in Batteries were:
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