Centrifuges in China 2020 Exports | Imports : $10.6B | $4.61B, World Rnk 2 / 225 Rnk 52 / 1215 | World Rnk 3 / 226 Rnk 57 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $856M | $62.5M, United States | Saudi Arabia
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Centrifuges: 0.99, Rnk 178 / 1029
Exports In 2020, China exported $10.6B in Centrifuges, making it the 2nd largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 52nd most exported product in China. The main destination of Centrifuges exports from China are: United States ($2B), Japan ($740M), Panama ($423M), South Korea ($399M), and Hong Kong ($395M).
The fastest growing export markets for Centrifuges of China between 2019 and 2020 were United States ($856M), Japan ($170M), and Panama ($133M).
Imports In 2020, China imported $4.61B in Centrifuges, becoming the 3rd largest importer of Centrifuges in the world. At the same year, Centrifuges was the 57th most imported product in China. China imports Centrifuges primarily from: Germany ($1.01B), United States ($831M), South Korea ($558M), Japan ($518M), and United Kingdom ($168M).
The fastest growing import markets in Centrifuges for China between 2019 and 2020 were Saudi Arabia ($62.5M), Mexico ($27.7M), and Belgium ($14M).
Tariffs In 2018, the average tariff for China in Centrifuges was 4.66%. The countries with the highest import tariffs for Centrifuges were Taiwan (Most Favoured Nation duty rate treatement, 6.95%), Hong Kong (Most Favoured Nation duty rate treatement, 6.39%), Burkina Faso (Most Favoured Nation duty rate treatement, 5.91%), Botswana (Most Favoured Nation duty rate treatement, 5.91%), and Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5.91%).
December 2022
Overview In December 2022 China's Centrifuges exports accounted up to $1.13B and imports accounted up to $427M, resulting in a positive trade balance of $704M. Between December 2021 and December 2022 the exports of China's Centrifuges have increased by $23.5M (2.12%) from $1.11B to $1.13B, while imports decreased by $-99.1M (-18.8%) from $526M to $427M.
Destinations In December 2022, Centrifuges were exported mostly to Canada ($163M), United States ($153M), Indonesia ($60.5M), Russia ($53.8M), and Japan ($47.5M), and were imported mostly from Germany ($99.8M), United States ($97.2M), Japan ($68.9M), South Korea ($39.9M), and United Kingdom ($20M).
Growth In December 2022, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to Indonesia ($45M or 251%), Canada ($43.3M or 320%), and Argentina ($28.1M or 1.43k%). In December 2022, the decrease in Centrifuges's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-4.56M or -49.1%), Czechia ($-4.29M or -40.5%), and Sweden ($-4.03M or -42.2%).
EXPORT GROWTH (December 2021 - December 2022): $23.5M, (2.12%)
IMPORT GROWTH (December 2021 - December 2022): $-99.1M, (-18.8%)
MAIN EXPORTER (December 2022): Shandong Province, $263M
MAIN DESTINATION (December 2022): Canada, $163M
This section shows Centrifuges'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 Centrifuges over time.
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EXPORTS (2020): $10.6B
IMPORTS (2020): $4.61B
NET TRADE (2020): $6.04B
In 2020, China exported $10.6B in Centrifuges. The main destinations of China exports on Centrifuges were United States ($2B), Japan ($740M), Panama ($423M), South Korea ($399M), and Hong Kong ($395M).
In 2020, China imported $4.61B in Centrifuges, mainly from Germany ($1.01B), United States ($831M), South Korea ($558M), Japan ($518M), and United Kingdom ($168M).
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Centrifuges were:
In 2020, China's main importing competitors in Centrifuges were:
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