2019 Exports | Imports: $742B | $238B, World Rnk 1 / 225
Rnk 1 / 96 | World Rnk 3 / 225 Rnk 2 / 96
2019 Destination | Origin: $150B | $52.2B, Hong Kong | South Korea
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.85B | $3.12B, Vietnam | Ireland
2019 ECONOMIC COMPLEXITY of China: 1.06, Rnk 29 / 157
2019 PRODUCT COMPLEXITY IN Electrical machinery and equipment: 1.29, Rnk 10 / 96
Exports: In 2019, China exported $742B in Electrical machinery and equipment, making it the 1st largest exporter of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 1st most exported product in China. The main destination of Electrical machinery and equipment exports from China are: Hong Kong ($150B), United States ($114B), South Korea ($38.1B), Japan ($37.5B), and Vietnam ($29.8B).
The fastest growing export markets for Electrical machinery and equipment of China between 2018 and 2019 were Vietnam ($6.85B), Chinese Taipei ($4.63B), and South Korea ($2.28B).
Imports: In 2019, China imported $238B in Electrical machinery and equipment, becoming the 3rd largest importer of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 2nd most imported product in China. China imports Electrical machinery and equipment primarily from: South Korea ($52.2B), Chinese Taipei ($44.3B), Japan ($24.5B), Vietnam ($20B), and Germany ($17.2B).
The fastest growing import markets in Electrical machinery and equipment for China between 2018 and 2019 were Ireland ($3.12B), United Arab Emirates ($1.44B), and United States ($1.35B).
Tariffs: In 2018, the average tariff for China in Electrical machinery and equipment was 6.61%. The countries with the highest import tariffs for Electrical machinery and equipment were Laos (19.5%), Bangladesh (13.2%), South Korea (10.6%), India (9.2%), and Sri Lanka (9.2%).
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%).
EXPORT GROWTH (December 2019 - December 2020): $33.9B, (73.1%)
IMPORT GROWTH (December 2019 - December 2020): $12.5B, (27.9%)
MAIN EXPORTER (December 2020): Guangdong Province, $27.2B
MAIN DESTINATION (December 2020): Hong Kong, $19.9B
This section shows Electrical machinery and equipment'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 Electrical machinery and equipment over time.
EXPORTS (2019): $742B
IMPORTS (2019): $238B
NET TRADE (2019): $505B
In 2019, China exported $742B in Electrical machinery and equipment. The main destinations of China exports on Electrical machinery and equipment were Hong Kong ($150B), United States ($114B), South Korea ($38.1B), Japan ($37.5B), and Vietnam ($29.8B).
In 2019, China imported $238B in Electrical machinery and equipment, mainly from South Korea ($52.2B), Chinese Taipei ($44.3B), Japan ($24.5B), Vietnam ($20B), and Germany ($17.2B).
IN 2019, China HAD A POSITIVE NET TRADE IN Electrical machinery and equipment WITH:
IN 2019, China HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment WITH:
THE FASTEST GROWING Electrical machinery and equipment EXPORT MARKETS FOR China WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment BY China WERE (2018 - 2019):
In 2018, China's main exporting competitors in Electrical machinery and equipment were:
In 2018, China's main importing competitors in Electrical machinery and equipment were:
In 2018, the average tariff for China in Electrical machinery and equipment was 6.61%.
The countries with the highest tariffs for Electrical machinery and equipment in China were Laos (19.5%), Bangladesh (13.2%), South Korea (10.6%), India (9.2%), and Sri Lanka (9.2%).
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