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2022
Exports $7.96BWorld Rnk 2 / 223
Flag Rnk 88 / 1216
2022
Destination $228M United States
2021 - 2022
FASTEST GROWING MARKET $228MUnited States
2022
PRODUCT COMPLEXITY IN Engine Parts0.92Rnk 203 / 1025
2022
Imports $3.25BWorld Rnk 4 / 224
Flag Rnk 104 / 1212
2022
Origin $53.9M Germany
2021 - 2022
FASTEST GROWING ORIGIN $53.9MSouth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $7.96B in Engine Parts, making it the 2nd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 88th most exported product in China. The main destination of Engine Parts exports from China are: United States ($1.71B), Mexico ($500M), Japan ($462M), Germany ($418M), and South Korea ($373M).

The fastest growing export markets for Engine Parts of China between 2021 and 2022 were United States ($228M), Mexico ($90.8M), and Russia ($78.7M).

Imports In 2022, China imported $3.25B in Engine Parts, becoming the 4th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 104th most imported product in China. China imports Engine Parts primarily from: Germany ($1.19B), Japan ($720M), South Korea ($376M), United States ($179M), and United Kingdom ($70.1M).

The fastest growing import markets in Engine Parts for China between 2021 and 2022 were South Korea ($53.9M), Norway ($17.3M), and Italy ($16.3M).

COMPANIES In 2023, leading companies such as Cummins Jaw Warehouse (89), General Motors (79), and Volvo (35) were at the forefront of shipping Engine Parts from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Engine Parts exports accounted up to $831M and imports accounted up to $296M, resulting in a positive trade balance of $535M. Between July 2023 and July 2024 the exports of China's   Engine Parts have increased by $77.4M (10.3%) from $754M to $831M, while imports increased by $33.6M (12.8%) from $263M to $296M.

Destinations In July 2024, Engine Parts were exported mostly to United States ($153M), Russia ($53.3M), Mexico ($49.6M), Japan ($49.5M), and Germany ($44.1M), and were imported mostly from Germany ($70.6M), South Korea ($68.8M), Japan ($52.6M), United States ($12.9M), and Turkey ($11M).

Growth In July 2024, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($19.9M or 59.5%), United States ($15.9M or 11%), and Russia ($13.6M or 61.3%). In July 2024, the increase in Engine Parts's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.32M or 139%), India ($896k or 49.5%), and Belgium ($736k or 683%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$77.4M(10.3%)
IMPORT GROWTH (July 2023 - July 2024)$33.6M(12.8%)
MAIN EXPORTER (July 2024)Jiangsu Province$137M
MAIN DESTINATION (July 2024)United States$153M

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 (2022)$7.96B
IMPORTS (2022)$3.25B
NET TRADE (2022)$4.72B

In 2022, China exported $7.96B in Engine Parts. The main destinations of China exports on Engine Parts were United States ($1.71B), Mexico ($500M), Japan ($462M), Germany ($418M), and South Korea ($373M).

In 2022, China imported $3.25B in Engine Parts, mainly from Germany ($1.19B), Japan ($720M), South Korea ($376M), United States ($179M), and United Kingdom ($70.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$228M (15.4%)
Mexico$90.8M (22.2%)
Russia$78.7M (42.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY China WERE (2021 - 2022):
Hong Kong-$75.5M (-55.2%)
Romania-$26.3M (-31.8%)
Pakistan-$23.5M (-22.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Engine Parts were:
Germany $13B
Japan $6.08B
In 2022, China's main importing competitors in Engine Parts were:
United States $13.5B
Germany $5.9B
Mexico $3.67B

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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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