Overview: In December 2020 China's Electrical machinery and equipment exports accounted up to $80.2B and imports accounted up to $57.4B, resulting in a positive trade balance of $22.9B. Between December 2019 and December 2020 the exports of China's Electrical machinery and equipment have increased by $33.9B (73.1%) from $46.3B to $80.2B, while imports increased by $12.5B (27.9%) from $44.8B to $57.4B.
Destinations: In December 2020 Electrical machinery and equipment exported mostly to Hong Kong ($19.9B), United States ($11.5B), Vietnam ($4.3B), South Korea ($3.91B), and Japan ($3.26B), and imported mostly from Taiwan ($14.3B), China ($9.21B), South Korea ($8.17B), Vietnam ($6.33B), and Japan ($5.5B).
Growth: In December 2020, the increase in Electrical machinery and equipment's year-by-year exports was explained primarily by an increase in exports to United States ($2.37B or 26%), Vietnam ($1.29B or 42.8%), and Malaysia ($1.16B or 91.2%). In December 2020, the increase in Electrical machinery and equipment's year-by-year imports was explained primarily by an increase in imports from Taiwan ($3.85B or 36.9%), Vietnam ($2.36B or 59.6%), and South Korea ($1.65B or 25.2%).