Combustion Engines in China 2021 Exports | Imports : $1.82B | $3.42B, World Rnk 9 / 188 Rnk 287 / 1215 | World Rnk 4 / 217 Rnk 97 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $61.7M | $43.2M, Russia | India
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Combustion Engines: 1.15, Rnk 127 / 1029
Exports In 2021, China exported $1.82B in Combustion Engines, making it the 9th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 287th most exported product in China. The main destination of Combustion Engines exports from China are: Russia ($186M), Turkey ($115M), United States ($88M), Bangladesh ($78.3M), and Italy ($76.5M).
The fastest growing export markets for Combustion Engines of China between 2020 and 2021 were Russia ($61.7M), South Korea ($43.4M), and United States ($42.8M).
Imports In 2021, China imported $3.42B in Combustion Engines, becoming the 4th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 97th most imported product in China. China imports Combustion Engines primarily from: Japan ($1.42B), South Korea ($513M), United States ($398M), Germany ($364M), and United Kingdom ($262M).
The fastest growing import markets in Combustion Engines for China between 2020 and 2021 were India ($43.2M), Hong Kong ($23.1M), and Mexico ($7.89M).
Tariffs In 2018, the average tariff for China in Combustion Engines was 8.34%. The countries with the highest import tariffs for Combustion Engines were Benin (Most Favoured Nation duty rate treatment, 25%), Timor-Leste (Most Favoured Nation duty rate treatment, 25%), Switzerland (Most Favoured Nation duty rate treatment, 25%), Liechtenstein (Most Favoured Nation duty rate treatment, 25%), and Peru (Most Favoured Nation duty rate treatment, 25%).
April 2023
Overview In April 2023 China's Combustion Engines exports accounted up to $213M and imports accounted up to $292M, resulting in a negative trade balance of $78.5M. Between April 2022 and April 2023 the exports of China's Combustion Engines have increased by $69.2M (48%) from $144M to $213M, while imports increased by $15.5M (5.62%) from $276M to $292M.
Destinations In April 2023, Combustion Engines were exported mostly to Russia ($25.7M), United Arab Emirates ($21.1M), Turkey ($16.5M), Belarus ($12.4M), and Japan ($11M), and were imported mostly from Japan ($76.7M), United States ($56.9M), South Korea ($53.8M), Germany ($33.9M), and United Kingdom ($23.6M).
Growth In April 2023, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to Russia ($18M or 258%), United Arab Emirates ($15.4M or 487%), and South Korea ($9.45M or 262%). In April 2023, the increase in Combustion Engines's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($13.3M or 81.2%), India ($10.4M or 72.8%), and Italy ($3.56M or 177%).
EXPORT GROWTH (April 2022 - April 2023): $69.2M, (48%)
IMPORT GROWTH (April 2022 - April 2023): $15.5M, (5.62%)
MAIN EXPORTER (April 2023): Shandong Province, $63.6M
MAIN DESTINATION (April 2023): Russia, $25.7M
This section shows Combustion Engines'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 Combustion Engines over time.
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EXPORTS (2021): $1.82B
IMPORTS (2021): $3.42B
NET TRADE (2021): -$1.6B
In 2021, China exported $1.82B in Combustion Engines. The main destinations of China exports on Combustion Engines were Russia ($186M), Turkey ($115M), United States ($88M), Bangladesh ($78.3M), and Italy ($76.5M).
In 2021, China imported $3.42B in Combustion Engines, mainly from Japan ($1.42B), South Korea ($513M), United States ($398M), Germany ($364M), and United Kingdom ($262M).
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Combustion Engines were:
In 2021, China's main importing competitors in Combustion Engines were:
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