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2022
Exports $3.15BWorld Rnk 1 / 188
Flag Rnk 219 / 1216
2022
Destination $1.01B Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.01BVietnam
2022
PRODUCT COMPLEXITY IN Electrical Parts-1.06Rnk 849 / 1025
2022
Imports $858MWorld Rnk 3 / 212
Flag Rnk 246 / 1212
2022
Origin $38.6M China
2021 - 2022
FASTEST GROWING ORIGIN $38.6MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.15B in Electrical Parts, making it the 1st largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 219th most exported product in China. The main destination of Electrical Parts exports from China are: Vietnam ($1.12B), Hong Kong ($876M), China ($227M), Chinese Taipei ($122M), and Mexico ($94.3M).

The fastest growing export markets for Electrical Parts of China between 2021 and 2022 were Vietnam ($1.01B), Hong Kong ($432M), and Mexico ($46.6M).

Imports In 2022, China imported $858M in Electrical Parts, becoming the 3rd largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 246th most imported product in China. China imports Electrical Parts primarily from: China ($227M), Japan ($219M), South Korea ($114M), Chinese Taipei ($57.3M), and Malaysia ($47.4M).

The fastest growing import markets in Electrical Parts for China between 2021 and 2022 were Malaysia ($38.6M), Hong Kong ($18.9M), and Mexico ($4.16M).

COMPANIES In 2023, leading companies such as Robert Bosch (6), CrimsonLogic (2), and Walgreens (1) were at the forefront of shipping Electrical Parts from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Electrical Parts exports accounted up to $103M and imports accounted up to $147M, resulting in a negative trade balance of $44.6M. Between September 2023 and September 2024 the exports of China's   Electrical Parts have increased by $492k (0.48%) from $102M to $103M, while imports increased by $4.05M (2.83%) from $143M to $147M.

Destinations In September 2024, Electrical Parts were exported mostly to Hong Kong ($36M), Vietnam ($11.4M), South Korea ($7.96M), United States ($7.8M), and Chinese Taipei ($5.5M), and were imported mostly from Japan ($41.8M), Malaysia ($39.1M), Chinese Taipei ($14.2M), China ($13.3M), and South Korea ($9.16M).

Growth In September 2024, the increase in Electrical Parts's year-by-year exports was explained primarily by an increase in exports to Vietnam ($3.89M or 52.8%), India ($1.52M or 39.9%), and Indonesia ($1M or 273%). In September 2024, the increase in Electrical Parts's year-by-year imports was explained primarily by an increase in imports from Mexico ($8.94M or 98.1%), Spain ($617k or 232%), and Germany ($181k or 11.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$492k(0.48%)
IMPORT GROWTH (September 2023 - September 2024)$4.05M(2.83%)
MAIN EXPORTER (September 2024)Guangdong Province$49.6M
MAIN DESTINATION (September 2024)Hong Kong$36M

This section shows Electrical Parts'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 Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.15B
IMPORTS (2022)$858M
NET TRADE (2022)$2.29B

In 2022, China exported $3.15B in Electrical Parts. The main destinations of China exports on Electrical Parts were Vietnam ($1.12B), Hong Kong ($876M), China ($227M), Chinese Taipei ($122M), and Mexico ($94.3M).

In 2022, China imported $858M in Electrical Parts, mainly from China ($227M), Japan ($219M), South Korea ($114M), Chinese Taipei ($57.3M), and Malaysia ($47.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$1.01B (958%)
Hong Kong$432M (97.3%)
Mexico$46.6M (97.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts BY China WERE (2021 - 2022):
Turkey-$355M (-94.3%)
Germany-$91.8M (-55.5%)
China-$77.4M (-25.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electrical Parts were:
Japan $785M
United States $341M
In 2022, China's main importing competitors in Electrical Parts were:
Hong Kong $1.2B
Vietnam $1.19B

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Trade Value of Electrical Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $27.4M
TOP IMPORT POTENTIALHong Kong+ $8.61M

Electrical Parts’s highest export potential is India. With an export gap of $27.4M.   Electrical Parts’s highest import potential is Hong Kong with an import gap of $8.61M.

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