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%).