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2023
Exports $7.81BWorld Rnk 2 / 222
Flag Rnk 85 / 1215
2023
Destination $239M United States
2022 - 2023
FASTEST GROWING MARKET $239MRussia
2023
PRODUCT COMPLEXITY IN Engine Parts1.05Rnk 160 / 1025
2023
Imports $2.93BWorld Rnk 5 / 224
Flag Rnk 109 / 1214
2023
Origin $26.8M Germany
2022 - 2023
FASTEST GROWING ORIGIN $26.8MNetherlands
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $7.81B in Engine Parts, making it the 2nd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 85th most exported product in China. The main destination of Engine Parts exports from China are: United States ($1.33B), Japan ($617M), Mexico ($551M), Russia ($504M), and Germany ($441M).

The fastest growing export markets for Engine Parts of China between 2022 and 2023 were Russia ($239M), Japan ($126M), and United Kingdom ($64.8M).

Imports In 2023, China imported $2.93B in Engine Parts, becoming the 5th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 109th most imported product in China. China imports Engine Parts primarily from: Germany ($1.06B), Japan ($578M), South Korea ($328M), United States ($198M), and United Kingdom ($66.2M).

The fastest growing import markets in Engine Parts for China between 2022 and 2023 were Netherlands ($26.8M), Austria ($18.5M), and Finland ($17.4M).

COMPANIES In 2024, leading companies such as General Motors (100), Cummins (35), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (27) were at the forefront of shipping Engine Parts from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Engine Parts exports accounted up to $902M and imports accounted up to $262M, resulting in a positive trade balance of $640M. Between December 2023 and December 2024 the exports of China's   Engine Parts have increased by $191M (26.9%) from $710M to $902M, while imports decreased by $-9.72M (-3.58%) from $272M to $262M.

Destinations In December 2024, Engine Parts were exported mostly to United States ($174M), Japan ($53.8M), Mexico ($48M), Russia ($47.9M), and Germany ($35.6M), and were imported mostly from Germany ($65M), Japan ($57M), South Korea ($41.6M), United States ($15.3M), and Italy ($7.7M).

Growth In December 2024, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to Japan ($9.87M or 24.4%), Russia ($9.44M or 26.3%), and Germany ($5.6M or 15%). In December 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from Romania ($-760k or -53.2%), Indonesia ($-743k or -49.6%), and Switzerland ($-660k or -29.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$191M(26.9%)
IMPORT GROWTH (December 2023 - December 2024)$-9.72M(-3.58%)
MAIN EXPORTER (December 2024)Jiangsu Province$143M
MAIN DESTINATION (December 2024)United States$174M

This section shows Engine 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 Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.81B
IMPORTS (2023)$2.93B
NET TRADE (2023)$4.88B

In 2023, China exported $7.81B in Engine Parts. The main destinations of China exports on Engine Parts were United States ($1.33B), Japan ($617M), Mexico ($551M), Russia ($504M), and Germany ($441M).

In 2023, China imported $2.93B in Engine Parts, mainly from Germany ($1.06B), Japan ($578M), South Korea ($328M), United States ($198M), and United Kingdom ($66.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$239M (90.4%)
Japan$126M (25.6%)
United Kingdom$64.8M (26.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY China WERE (2022 - 2023):
United States-$249M (-15.8%)
Romania-$40.3M (-66.5%)
Thailand-$33.3M (-24.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Engine Parts were:
Germany $13.7B
United States $6.48B
In 2023, China's main importing competitors in Engine Parts were:
United States $11.8B
Germany $6.71B
Mexico $4.3B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $323M
TOP IMPORT POTENTIALJapan+ $160M

Engine Parts’s highest export potential is United States. With an export gap of $323M.   Engine Parts’s highest import potential is Japan with an import gap of $160M.

See methodology.

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