Electric Batteries in China 2021 Exports | Imports : $33.4B | $3.71B, World Rnk 1 / 204 Rnk 14 / 1215 | World Rnk 4 / 224 Rnk 89 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.49B | $257M, United States | Germany
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Electric Batteries: 1.01, Rnk 163 / 1024
Exports In 2021, China exported $33.4B in Electric Batteries, making it the 1st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 14th most exported product in China. The main destination of Electric Batteries exports from China are: United States ($5.26B), Germany ($3.68B), South Korea ($3.21B), Hong Kong ($2.9B), and Vietnam ($2.75B).
The fastest growing export markets for Electric Batteries of China between 2020 and 2021 were United States ($2.49B), Germany ($1.84B), and South Korea ($1.57B).
Imports In 2021, China imported $3.71B in Electric Batteries, becoming the 4th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 89th most imported product in China. China imports Electric Batteries primarily from: Japan ($938M), Germany ($843M), South Korea ($843M), Singapore ($291M), and Vietnam ($211M).
The fastest growing import markets in Electric Batteries for China between 2020 and 2021 were Germany ($257M), Japan ($201M), and Singapore ($92M).
June 2023
Overview In June 2023 China's Electric Batteries exports accounted up to $5.59B and imports accounted up to $255M, resulting in a positive trade balance of $5.33B. Between June 2022 and June 2023 the exports of China's Electric Batteries have increased by $858M (18.1%) from $4.73B to $5.59B, while imports decreased by $-156M (-37.9%) from $411M to $255M.
Destinations In June 2023, Electric Batteries were exported mostly to United States ($877M), South Korea ($763M), Germany ($747M), Netherlands ($305M), and South Africa ($269M), and were imported mostly from Malaysia ($52.9M), South Korea ($37.8M), China ($31.9M), Germany ($31.2M), and Japan ($25.3M).
Growth In June 2023, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to United States ($313M or 88.1%), Germany ($208M or 103%), and South Korea ($171M or 118%). In June 2023, the decrease in Electric Batteries's year-by-year imports was explained primarily by a decrease in imports from United States ($-55.6M or -89.5%), South Korea ($-38.3M or -41.2%), and Japan ($-15.3M or -20%).
EXPORT GROWTH (June 2022 - June 2023): $858M, (18.1%)
IMPORT GROWTH (June 2022 - June 2023): $-156M, (-37.9%)
MAIN EXPORTER (June 2023): Fujian Province, $1.69B
MAIN DESTINATION (June 2023): United States, $877M
This section shows Electric 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 Electric Batteries over time.
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EXPORTS (2021): $33.4B
IMPORTS (2021): $3.71B
NET TRADE (2021): $29.7B
In 2021, China exported $33.4B in Electric Batteries. The main destinations of China exports on Electric Batteries were United States ($5.26B), Germany ($3.68B), South Korea ($3.21B), Hong Kong ($2.9B), and Vietnam ($2.75B).
In 2021, China imported $3.71B in Electric Batteries, mainly from Japan ($938M), Germany ($843M), South Korea ($843M), Singapore ($291M), and Vietnam ($211M).
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Electric Batteries were:
In 2021, China's main importing competitors in Electric Batteries were:
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