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2023
Exports $2.43BWorld Rnk 8 / 179
Flag Rnk 239 / 1215
2023
Destination $197M Russia
2022 - 2023
FASTEST GROWING MARKET $197MRussia
2023
PRODUCT COMPLEXITY IN Combustion Engines1.16Rnk 119 / 1025
2023
Imports $3.26BWorld Rnk 4 / 219
Flag Rnk 102 / 1214
2023
Origin $213M Japan
2022 - 2023
FASTEST GROWING ORIGIN $213MSouth Korea
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.43B in Combustion Engines, making it the 8th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 239th most exported product in China. The main destination of Combustion Engines exports from China are: Russia ($393M), Turkey ($205M), Belarus ($198M), Japan ($103M), and Italy ($99.9M).

The fastest growing export markets for Combustion Engines of China between 2022 and 2023 were Russia ($197M), Belarus ($38.6M), and Kazakhstan ($38.2M).

Imports In 2023, China imported $3.26B in Combustion Engines, becoming the 4th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 102nd most imported product in China. China imports Combustion Engines primarily from: Japan ($878M), South Korea ($651M), United States ($468M), Germany ($372M), and United Kingdom ($291M).

The fastest growing import markets in Combustion Engines for China between 2022 and 2023 were South Korea ($213M), United States ($54.8M), and Germany ($45.3M).

Latest Trends

December 2024

About

Overview In December 2024 China's Combustion Engines exports accounted up to $299M and imports accounted up to $283M, resulting in a positive trade balance of $15.2M. Between December 2023 and December 2024 the exports of China's   Combustion Engines have increased by $31.5M (11.8%) from $267M to $299M, while imports decreased by $-17.1M (-5.7%) from $301M to $283M.

Destinations In December 2024, Combustion Engines were exported mostly to Russia ($44M), Vietnam ($22.9M), Belarus ($21.9M), Turkey ($17M), and India ($14.1M), and were imported mostly from Japan ($79.3M), South Korea ($75.6M), United States ($30.1M), United Kingdom ($26.6M), and Germany ($25M).

Growth In December 2024, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to Russia ($19.5M or 90.8%), Vietnam ($8.47M or 174%), and Indonesia ($4.53M or 106%). In December 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from United States ($-17.8M or -42.5%), India ($-6.53M or -28.4%), and Germany ($-6.45M or -19.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$31.5M(11.8%)
IMPORT GROWTH (December 2023 - December 2024)$-17.1M(-5.7%)
MAIN EXPORTER (December 2024)Jiangsu Province$104M
MAIN DESTINATION (December 2024)Russia$44M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.43B
IMPORTS (2023)$3.26B
NET TRADE (2023)-$831M

In 2023, China exported $2.43B in Combustion Engines. The main destinations of China exports on Combustion Engines were Russia ($393M), Turkey ($205M), Belarus ($198M), Japan ($103M), and Italy ($99.9M).

In 2023, China imported $3.26B in Combustion Engines, mainly from Japan ($878M), South Korea ($651M), United States ($468M), Germany ($372M), and United Kingdom ($291M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$197M (100%)
Belarus$38.6M (24.2%)
Kazakhstan$38.2M (557%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY China WERE (2022 - 2023):
Vietnam-$49.8M (-34.3%)
Brazil-$29M (-42.3%)
United States-$24.3M (-23.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Combustion Engines were:
United States $10B
Germany $6.18B
United Kingdom $4.51B
In 2023, China's main importing competitors in Combustion Engines were:
Mexico $6.47B
United States $6.27B
Germany $4.57B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $97.4M
TOP IMPORT POTENTIALIndia+ $201M

Combustion Engines’s highest export potential is United States. With an export gap of $97.4M.   Combustion Engines’s highest import potential is India with an import gap of $201M.

See methodology.

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