Liquid Pumps in China 2021 Exports | Imports : $11.5B | $5.28B, World Rnk 2 / 223 Rnk 61 / 1215 | World Rnk 3 / 225 Rnk 69 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $290M | $194M, Mexico | United States
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Liquid Pumps: 1.27, Rnk 102 / 1029
Exports In 2021, China exported $11.5B in Liquid Pumps, making it the 2nd largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 61st most exported product in China. The main destination of Liquid Pumps exports from China are: United States ($1.96B), Mexico ($563M), Germany ($511M), Indonesia ($497M), and Japan ($476M).
The fastest growing export markets for Liquid Pumps of China between 2020 and 2021 were Mexico ($290M), United States ($226M), and Germany ($155M).
Imports In 2021, China imported $5.28B in Liquid Pumps, becoming the 3rd largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 69th most imported product in China. China imports Liquid Pumps primarily from: Germany ($1.37B), Japan ($1.05B), United States ($692M), Italy ($268M), and South Korea ($248M).
The fastest growing import markets in Liquid Pumps for China between 2020 and 2021 were United States ($194M), Germany ($188M), and Brazil ($69.8M).
Tariffs In 2018, the average tariff for China in Liquid Pumps was 7.09%. The countries with the highest import tariffs for Liquid Pumps were Iceland (Most Favoured Nation duty rate treatment, 10%), India (Most Favoured Nation duty rate treatment, 9.58%), Sri Lanka (Most Favoured Nation duty rate treatment, 9.58%), Hong Kong (Most Favoured Nation duty rate treatment, 9.14%), and Taiwan (Most Favoured Nation duty rate treatment, 9.11%).
March 2023
Overview In March 2023 China's Liquid Pumps exports accounted up to $1.1B and imports accounted up to $393M, resulting in a positive trade balance of $706M. Between March 2022 and March 2023 the exports of China's Liquid Pumps have increased by $191M (21.1%) from $907M to $1.1B, while imports decreased by $-49M (-11.1%) from $442M to $393M.
Destinations In March 2023, Liquid Pumps were exported mostly to United States ($186M), Russia ($77.3M), Japan ($45.9M), Germany ($42.3M), and Indonesia ($41.7M), and were imported mostly from Germany ($112M), Japan ($62.4M), United States ($46.7M), Italy ($20.9M), and France ($17.3M).
Growth In March 2023, the increase in Liquid Pumps's year-by-year exports was explained primarily by an increase in exports to United States ($37.7M or 25.5%), Russia ($23.7M or 78.9%), and Indonesia ($19.4M or 60.5%). In March 2023, the decrease in Liquid Pumps's year-by-year imports was explained primarily by a decrease in imports from Germany ($-19.4M or -14.9%), South Korea ($-10.5M or -35.3%), and Norway ($-9.96M or -73.5%).
EXPORT GROWTH (March 2022 - March 2023): $191M, (21.1%)
IMPORT GROWTH (March 2022 - March 2023): $-49M, (-11.1%)
MAIN EXPORTER (March 2023): Zhejiang Province, $383M
MAIN DESTINATION (March 2023): United States, $186M
This section shows Liquid Pumps'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 Liquid Pumps over time.
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EXPORTS (2021): $11.5B
IMPORTS (2021): $5.28B
NET TRADE (2021): $6.25B
In 2021, China exported $11.5B in Liquid Pumps. The main destinations of China exports on Liquid Pumps were United States ($1.96B), Mexico ($563M), Germany ($511M), Indonesia ($497M), and Japan ($476M).
In 2021, China imported $5.28B in Liquid Pumps, mainly from Germany ($1.37B), Japan ($1.05B), United States ($692M), Italy ($268M), and South Korea ($248M).
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Liquid Pumps were:
In 2021, China's main importing competitors in Liquid Pumps were:
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