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2023
Exports $80BWorld Rnk 1 / 212
Flag Rnk 5 / 1215
2023
Destination $5.15B United States
2022 - 2023
FASTEST GROWING MARKET $5.15BGermany
2023
PRODUCT COMPLEXITY IN Electric Batteries1.17Rnk 118 / 1025
2023
Imports $2.74BWorld Rnk 17 / 224
Flag Rnk 114 / 1214
2023
Origin $68.8M Germany
2022 - 2023
FASTEST GROWING ORIGIN $68.8MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $80B in Electric Batteries, making it the 1st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 5th most exported product in China. The main destination of Electric Batteries exports from China are: United States ($13.8B), Germany ($13.3B), South Korea ($7.97B), Netherlands ($3.74B), and Vietnam ($3.54B).

The fastest growing export markets for Electric Batteries of China between 2022 and 2023 were Germany ($5.15B), United States ($3.66B), and South Korea ($2.35B).

Imports In 2023, China imported $2.74B in Electric Batteries, becoming the 17th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 114th most imported product in China. China imports Electric Batteries primarily from: Germany ($711M), South Korea ($460M), Malaysia ($444M), Japan ($329M), and Singapore ($157M).

The fastest growing import markets in Electric Batteries for China between 2022 and 2023 were Germany ($68.8M), Sweden ($37.9M), and Hungary ($12.8M).

COMPANIES In 2024, leading companies such as Panasonic (20), Mattel (18), and IKEA Group (16) were at the forefront of shipping Electric Batteries from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Electric Batteries exports accounted up to $6.54B and imports accounted up to $233M, resulting in a positive trade balance of $6.31B. Between December 2023 and December 2024 the exports of China's   Electric Batteries have increased by $883M (15.6%) from $5.66B to $6.54B, while imports decreased by $-105M (-31.1%) from $338M to $233M.

Destinations In December 2024, Electric Batteries were exported mostly to United States ($1.99B), Germany ($785M), Vietnam ($351M), South Korea ($343M), and India ($249M), and were imported mostly from Germany ($51.6M), Japan ($39.7M), South Korea ($35.4M), China ($22.2M), and Vietnam ($15.7M).

Growth In December 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to Italy ($153M or 137%), Vietnam ($89.5M or 36.2%), and Canada ($65.6M or 385%). In December 2024, the decrease in Electric Batteries's year-by-year imports was explained primarily by a decrease in imports from Poland ($-8.97M or -58.2%), Japan ($-5.77M or -18.6%), and Finland ($-2.29M or -21.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$883M(15.6%)
IMPORT GROWTH (December 2023 - December 2024)$-105M(-31.1%)
MAIN EXPORTER (December 2024)Fujian Province$1.77B
MAIN DESTINATION (December 2024)United States$1.99B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$80B
IMPORTS (2023)$2.74B
NET TRADE (2023)$77.2B

In 2023, China exported $80B in Electric Batteries. The main destinations of China exports on Electric Batteries were United States ($13.8B), Germany ($13.3B), South Korea ($7.97B), Netherlands ($3.74B), and Vietnam ($3.54B).

In 2023, China imported $2.74B in Electric Batteries, mainly from Germany ($711M), South Korea ($460M), Malaysia ($444M), Japan ($329M), and Singapore ($157M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR China WERE (2022 - 2023):
Germany$5.15B (62.9%)
United States$3.66B (36%)
South Korea$2.35B (41.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY China WERE (2022 - 2023):
Hong Kong-$768M (-24%)
Slovakia-$167M (-16.5%)
Singapore-$166M (-44.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Electric Batteries were:
Poland $12.7B
South Korea $10B
In 2023, China's main importing competitors in Electric Batteries were:
Germany $29B
United States $26.7B
South Korea $9.39B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.2B
TOP IMPORT POTENTIALSouth Korea+ $271M

Electric Batteries’s highest export potential is India. With an export gap of $1.2B.   Electric Batteries’s highest import potential is South Korea with an import gap of $271M.

See methodology.

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