High-voltage Protection Equipment in China 2021 Exports | Imports : $1.07B | $564M, World Rnk 2 / 186 Rnk 391 / 1215 | World Rnk 2 / 221 Rnk 330 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $29.4M | $21.8M, Vietnam | Sweden
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN High-voltage Protection Equipment: 0.69, Rnk 282 / 1029
Exports In 2021, China exported $1.07B in High-voltage Protection Equipment, making it the 2nd largest exporter of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 391st most exported product in China. The main destination of High-voltage Protection Equipment exports from China are: Vietnam ($115M), United States ($69.1M), Malaysia ($43.8M), Indonesia ($43M), and India ($42.8M).
The fastest growing export markets for High-voltage Protection Equipment of China between 2020 and 2021 were Vietnam ($29.4M), Turkey ($17.6M), and Saudi Arabia ($15.8M).
Imports In 2021, China imported $564M in High-voltage Protection Equipment, becoming the 2nd largest importer of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 330th most imported product in China. China imports High-voltage Protection Equipment primarily from: Germany ($194M), Switzerland ($88M), Sweden ($41.3M), South Korea ($38.3M), and United States ($36.6M).
The fastest growing import markets in High-voltage Protection Equipment for China between 2020 and 2021 were Sweden ($21.8M), Hong Kong ($12.4M), and United States ($10.3M).
Tariffs In 2018, the average tariff for China in High-voltage Protection Equipment was 9.01%. The countries with the highest import tariffs for High-voltage Protection Equipment were Pakistan (Most Favoured Nation duty rate treatment, 18%), Bangladesh (Most Favoured Nation duty rate treatment, 15.3%), India (Most Favoured Nation duty rate treatment, 12%), Sri Lanka (Most Favoured Nation duty rate treatment, 12%), and Burkina Faso (Most Favoured Nation duty rate treatment, 11.3%).
March 2023
Overview In March 2023 China's High-voltage Protection Equipment exports accounted up to $109M and imports accounted up to $27M, resulting in a positive trade balance of $81.6M. Between March 2022 and March 2023 the exports of China's High-voltage Protection Equipment have increased by $29M (36.4%) from $79.6M to $109M, while imports increased by $3.94M (17.1%) from $23.1M to $27M.
Destinations In March 2023, High-voltage Protection Equipment were exported mostly to Vietnam ($10.5M), Philippines ($8.74M), Thailand ($8.21M), United States ($6.41M), and India ($4.99M), and were imported mostly from Germany ($9.14M), Japan ($5.65M), Switzerland ($3.31M), Italy ($1.65M), and United States ($1.32M).
Growth In March 2023, the increase in High-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($2.08M or 179%), Uzbekistan ($2.07M or 370%), and Chile ($1.51M or 2.94k%). In March 2023, the increase in High-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Sweden ($1.6M or 1.16k%), France ($1.06M or 67.3%), and United States ($558k or 65.3%).
EXPORT GROWTH (March 2022 - March 2023): $29M, (36.4%)
IMPORT GROWTH (March 2022 - March 2023): $3.94M, (17.1%)
MAIN EXPORTER (March 2023): Zhejiang Province, $27.3M
MAIN DESTINATION (March 2023): Vietnam, $10.5M
This section shows High-voltage Protection 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 High-voltage Protection Equipment over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $1.07B
IMPORTS (2021): $564M
NET TRADE (2021): $507M
In 2021, China exported $1.07B in High-voltage Protection Equipment. The main destinations of China exports on High-voltage Protection Equipment were Vietnam ($115M), United States ($69.1M), Malaysia ($43.8M), Indonesia ($43M), and India ($42.8M).
In 2021, China imported $564M in High-voltage Protection Equipment, mainly from Germany ($194M), Switzerland ($88M), Sweden ($41.3M), South Korea ($38.3M), and United States ($36.6M).
THE FASTEST GROWING High-voltage Protection Equipment EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF High-voltage Protection Equipment BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in High-voltage Protection Equipment were:
In 2021, China's main importing competitors in High-voltage Protection Equipment were:
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