Electric Batteries in China 2020 Exports | Imports : $20.5B | $3.91B, World Rnk 1 / 201 Rnk 23 / 1215 | World Rnk 3 / 224 Rnk 66 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $524M | $428M, Vietnam | South Korea
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Electric Batteries: 0.89, Rnk 211 / 1029
Exports In 2020, China exported $20.5B in Electric Batteries, making it the 1st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 23rd most exported product in China. The main destination of Electric Batteries exports from China are: United States ($2.76B), Hong Kong ($2.26B), Germany ($1.84B), South Korea ($1.62B), and Vietnam ($1.6B).
The fastest growing export markets for Electric Batteries of China between 2019 and 2020 were Vietnam ($524M), United States ($450M), and South Korea ($395M).
Imports In 2020, China imported $3.91B in Electric Batteries, becoming the 3rd largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 66th most imported product in China. China imports Electric Batteries primarily from: South Korea ($1.12B), Japan ($737M), Germany ($586M), Malaysia ($507M), and United States ($274M).
The fastest growing import markets in Electric Batteries for China between 2019 and 2020 were South Korea ($428M), Malaysia ($312M), and United States ($166M).
Tariffs In 2018, the average tariff for China in Electric Batteries was 8.65%. The countries with the highest import tariffs for Electric Batteries were Macau (Most Favoured Nation duty rate treatement, 11.2%), Burkina Faso (Most Favoured Nation duty rate treatement, 11%), Botswana (Most Favoured Nation duty rate treatement, 11%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 11%), and Cameroon (Most Favoured Nation duty rate treatement, 11%).
December 2022
Overview In December 2022 China's Electric Batteries exports accounted up to $6.42B and imports accounted up to $293M, resulting in a positive trade balance of $6.13B. Between December 2021 and December 2022 the exports of China's Electric Batteries have increased by $2.4B (59.6%) from $4.03B to $6.42B, while imports decreased by $-100M (-25.5%) from $393M to $293M.
Destinations In December 2022, Electric Batteries were exported mostly to United States ($1.57B), Germany ($986M), South Korea ($652M), Netherlands ($444M), and United Kingdom ($255M), and were imported mostly from Malaysia ($54.6M), South Korea ($52.6M), Japan ($42.5M), China ($30.5M), and Poland ($22.5M).
Growth In December 2022, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to United States ($313M or 88.2%), Germany ($208M or 103%), and South Korea ($171M or 118%). In December 2022, the decrease in Electric Batteries's year-by-year imports was explained primarily by a decrease in imports from United States ($-55.6M or -89.5%), South Korea ($-38.2M or -41.2%), and Japan ($-15.3M or -20%).
EXPORT GROWTH (December 2021 - December 2022): $2.4B, (59.6%)
IMPORT GROWTH (December 2021 - December 2022): $-100M, (-25.5%)
MAIN EXPORTER (December 2022): Fujian Province, $2.09B
MAIN DESTINATION (December 2022): United States, $1.57B
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 (2020): $20.5B
IMPORTS (2020): $3.91B
NET TRADE (2020): $16.6B
In 2020, China exported $20.5B in Electric Batteries. The main destinations of China exports on Electric Batteries were United States ($2.76B), Hong Kong ($2.26B), Germany ($1.84B), South Korea ($1.62B), and Vietnam ($1.6B).
In 2020, China imported $3.91B in Electric Batteries, mainly from South Korea ($1.12B), Japan ($737M), Germany ($586M), Malaysia ($507M), and United States ($274M).
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Electric Batteries were:
In 2020, China's main importing competitors in Electric Batteries were:
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