LCDs in China 2021 Exports | Imports : $25.9B | $16.8B, World Rnk 1 / 176 Rnk 21 / 1215 | World Rnk 1 / 215 Rnk 20 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.27B | $906M, Mexico | Chinese Taipei
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN LCDs: 1.32, Rnk 95 / 1029
Exports In 2021, China exported $25.9B in LCDs, making it the 1st largest exporter of LCDs in the world. At the same year, LCDs was the 21st most exported product in China. The main destination of LCDs exports from China are: Mexico ($5.66B), Hong Kong ($4.72B), Vietnam ($2.21B), Poland ($1.48B), and Hungary ($1.17B).
The fastest growing export markets for LCDs of China between 2020 and 2021 were Mexico ($2.27B), Vietnam ($754M), and Hungary ($699M).
Imports In 2021, China imported $16.8B in LCDs, becoming the 1st largest importer of LCDs in the world. At the same year, LCDs was the 20th most imported product in China. China imports LCDs primarily from: Chinese Taipei ($6.48B), South Korea ($4.45B), Hong Kong ($1.88B), Japan ($1.79B), and Germany ($923M).
The fastest growing import markets in LCDs for China between 2020 and 2021 were Chinese Taipei ($906M), Hong Kong ($238M), and Germany ($219M).
Tariffs In 2018, the average tariff for China in LCDs was 4.82%. The countries with the highest import tariffs for LCDs were Macau (Most Favoured Nation duty rate treatment, 8%), Bangladesh (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 7.8%), India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 7.8%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 7.8%), and Burkina Faso (Most Favoured Nation duty rate treatment, 5.07%).
April 2023
Overview In April 2023 China's LCDs exports accounted up to $155M and imports accounted up to $218M, resulting in a negative trade balance of $62.8M. Between April 2022 and April 2023 the exports of China's LCDs have increased by $22.3M (16.7%) from $133M to $155M, while imports decreased by $-18.4M (-7.79%) from $236M to $218M.
Destinations In April 2023, LCDs were exported mostly to United States ($46.1M), Thailand ($15.5M), Malaysia ($12.6M), Hong Kong ($9.34M), and Japan ($7.37M), and were imported mostly from Germany ($50M), South Korea ($45.2M), United States ($28.3M), Japan ($28M), and Thailand ($14.2M).
Growth In April 2023, the increase in LCDs's year-by-year exports was explained primarily by an increase in exports to Macau ($239k or 124%), Ukraine ($128k or 61.4%), and Morocco ($71.4k or 91.4%). In April 2023, the decrease in LCDs's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-909M or -99.4%), South Korea ($-520M or -88.4%), and China ($-334M or -95.1%).
EXPORT GROWTH (April 2022 - April 2023): $22.3M, (16.7%)
IMPORT GROWTH (April 2022 - April 2023): $-18.4M, (-7.79%)
MAIN EXPORTER (April 2023): Guangdong Province, $48.5M
MAIN DESTINATION (April 2023): United States, $46.1M
This section shows LCDs'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 LCDs over time.
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EXPORTS (2021): $25.9B
IMPORTS (2021): $16.8B
NET TRADE (2021): $9.12B
In 2021, China exported $25.9B in LCDs. The main destinations of China exports on LCDs were Mexico ($5.66B), Hong Kong ($4.72B), Vietnam ($2.21B), Poland ($1.48B), and Hungary ($1.17B).
In 2021, China imported $16.8B in LCDs, mainly from Chinese Taipei ($6.48B), South Korea ($4.45B), Hong Kong ($1.88B), Japan ($1.79B), and Germany ($923M).
In 2021, China's main exporting competitors in LCDs were:
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