Electric Heaters in China 2021 Exports | Imports : $32.7B | $1.05B, World Rnk 1 / 215 Rnk 15 / 1215 | World Rnk 15 / 225 Rnk 229 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.44B | $56.2M, United States | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Electric Heaters: 0.32, Rnk 438 / 1029
Exports In 2021, China exported $32.7B in Electric Heaters, making it the 1st largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 15th most exported product in China. The main destination of Electric Heaters exports from China are: United States ($8.36B), Japan ($2B), Germany ($1.93B), United Kingdom ($1.48B), and Russia ($1.04B).
The fastest growing export markets for Electric Heaters of China between 2020 and 2021 were United States ($1.44B), Germany ($490M), and Brazil ($430M).
Imports In 2021, China imported $1.05B in Electric Heaters, becoming the 15th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 229th most imported product in China. China imports Electric Heaters primarily from: Germany ($181M), Malaysia ($165M), Japan ($140M), South Korea ($107M), and United States ($67.2M).
The fastest growing import markets in Electric Heaters for China between 2020 and 2021 were Japan ($56.2M), South Korea ($28.8M), and Singapore ($20.5M).
Tariffs In 2018, the average tariff for China in Electric Heaters was 16.7%. The countries with the highest import tariffs for Electric Heaters were Pakistan (Most Favoured Nation duty rate treatment, 32.9%), Switzerland (Most Favoured Nation duty rate treatment, 32%), Iceland (Most Favoured Nation duty rate treatment, 32%), Liechtenstein (Most Favoured Nation duty rate treatment, 32%), and South Korea (Most Favoured Nation duty rate treatment, 31.1%).
April 2023
Overview In April 2023 China's Electric Heaters exports accounted up to $2.45B and imports accounted up to $122M, resulting in a positive trade balance of $2.33B. Between April 2022 and April 2023 the exports of China's Electric Heaters have increased by $43.4M (1.8%) from $2.41B to $2.45B, while imports decreased by $-17.8M (-12.7%) from $140M to $122M.
Destinations In April 2023, Electric Heaters were exported mostly to United States ($582M), United Kingdom ($135M), Japan ($135M), Germany ($112M), and Russia ($111M), and were imported mostly from Malaysia ($29.1M), Japan ($19.5M), Germany ($15.6M), United States ($14.7M), and South Korea ($10.7M).
Growth In April 2023, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to United States ($49.9M or 7.41%), Japan ($22.3M or 14%), and Australia ($21M or 37.8%). In April 2023, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-2.75M or -37.2%), Vietnam ($-2.06M or -36.7%), and Switzerland ($-727k or -22%).
EXPORT GROWTH (April 2022 - April 2023): $43.4M, (1.8%)
IMPORT GROWTH (April 2022 - April 2023): $-17.8M, (-12.7%)
MAIN EXPORTER (April 2023): Guangdong Province, $1.16B
MAIN DESTINATION (April 2023): United States, $582M
This section shows Electric Heaters'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 Heaters over time.
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EXPORTS (2021): $32.7B
IMPORTS (2021): $1.05B
NET TRADE (2021): $31.7B
In 2021, China exported $32.7B in Electric Heaters. The main destinations of China exports on Electric Heaters were United States ($8.36B), Japan ($2B), Germany ($1.93B), United Kingdom ($1.48B), and Russia ($1.04B).
In 2021, China imported $1.05B in Electric Heaters, mainly from Germany ($181M), Malaysia ($165M), Japan ($140M), South Korea ($107M), and United States ($67.2M).
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Electric Heaters were:
In 2021, China's main importing competitors in Electric Heaters were:
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