Light Fixtures in China 2020 Exports | Imports : $31.4B | $294M, World Rnk 1 / 205 Rnk 11 / 1215 | World Rnk 36 / 224 Rnk 416 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $398M | $5.58M, Saudi Arabia | Japan
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Light Fixtures: 0.5, Rnk 366 / 1029
Exports In 2020, China exported $31.4B in Light Fixtures, making it the 1st largest exporter of Light Fixtures in the world. At the same year, Light Fixtures was the 11th most exported product in China. The main destination of Light Fixtures exports from China are: United States ($5.87B), Germany ($1.91B), United Kingdom ($1.42B), Saudi Arabia ($1.19B), and Vietnam ($1.14B).
The fastest growing export markets for Light Fixtures of China between 2019 and 2020 were Saudi Arabia ($398M), South Korea ($279M), and Vietnam ($198M).
Imports In 2020, China imported $294M in Light Fixtures, becoming the 36th largest importer of Light Fixtures in the world. At the same year, Light Fixtures was the 416th most imported product in China. China imports Light Fixtures primarily from: United States ($55.9M), Germany ($44.6M), South Korea ($27.2M), Italy ($25.6M), and Japan ($20M).
The fastest growing import markets in Light Fixtures for China between 2019 and 2020 were Japan ($5.58M), Vietnam ($4.32M), and Chinese Taipei ($2.76M).
Tariffs In 2018, the average tariff for China in Light Fixtures was 13.9%. The countries with the highest import tariffs for Light Fixtures were Bangladesh (Most Favoured Nation duty rate treatement, 20%), Pakistan (Most Favoured Nation duty rate treatement, 20%), Hong Kong (Most Favoured Nation duty rate treatement, 18.1%), Macau (Most Favoured Nation duty rate treatement, 17.7%), and Burkina Faso (Most Favoured Nation duty rate treatement, 17.6%).
December 2022
Overview In December 2022 China's Light Fixtures exports accounted up to $3.58B and imports accounted up to $27.3M, resulting in a positive trade balance of $3.55B. Between December 2020 and December 2022 the exports of China's Light Fixtures have decreased by $-1.27B (-26.2%) from $4.85B to $3.58B, while imports decreased by $-16.3M (-37.3%) from $43.6M to $27.3M.
Destinations In December 2022, Light Fixtures were exported mostly to United States ($999M), Vietnam ($168M), India ($150M), Singapore ($149M), and Malaysia ($148M), and were imported mostly from China ($47.7M), Hong Kong ($16.2M), Germany ($5.58M), Japan ($3.99M), and Taiwan ($3.32M).
Growth In December 2022, the decrease in Light Fixtures's year-by-year exports was explained primarily by a decrease in exports to United States ($-122M or -9.99%), Vietnam ($-36.9M or -24.1%), and Belgium ($-32.2M or -38.7%). In December 2022, the decrease in Light Fixtures's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-1.99M or -47%), Germany ($-962k or -17.8%), and Italy ($-906k or -24.2%).
EXPORT GROWTH (December 2020 - December 2022): $-1.27B, (-26.2%)
IMPORT GROWTH (December 2020 - December 2022): $-16.3M, (-37.3%)
MAIN EXPORTER (December 2022): Guangdong Province, $1.33B
MAIN DESTINATION (December 2022): United States, $999M
This section shows Light Fixtures'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 Light Fixtures over time.
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EXPORTS (2020): $31.4B
IMPORTS (2020): $294M
NET TRADE (2020): $31.1B
In 2020, China exported $31.4B in Light Fixtures. The main destinations of China exports on Light Fixtures were United States ($5.87B), Germany ($1.91B), United Kingdom ($1.42B), Saudi Arabia ($1.19B), and Vietnam ($1.14B).
In 2020, China imported $294M in Light Fixtures, mainly from United States ($55.9M), Germany ($44.6M), South Korea ($27.2M), Italy ($25.6M), and Japan ($20M).
THE FASTEST GROWING Light Fixtures EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Fixtures BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Light Fixtures were:
In 2020, China's main importing competitors in Light Fixtures were:
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