Low-voltage Protection Equipment in China 2020 Exports | Imports : $18.8B | $8.52B, World Rnk 1 / 226 Rnk 24 / 1215 | World Rnk 2 / 225 Rnk 31 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $458M | $578M, Vietnam | Hong Kong
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Low-voltage Protection Equipment: 0.68, Rnk 292 / 1029
Exports In 2020, China exported $18.8B in Low-voltage Protection Equipment, making it the 1st largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 24th most exported product in China. The main destination of Low-voltage Protection Equipment exports from China are: Hong Kong ($3.96B), United States ($2.38B), Vietnam ($1.35B), Japan ($1.02B), and Germany ($985M).
The fastest growing export markets for Low-voltage Protection Equipment of China between 2019 and 2020 were Vietnam ($458M), Hong Kong ($120M), and Saudi Arabia ($70.7M).
Imports In 2020, China imported $8.52B in Low-voltage Protection Equipment, becoming the 2nd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 31st most imported product in China. China imports Low-voltage Protection Equipment primarily from: Japan ($2.19B), Germany ($1.8B), South Korea ($755M), Hong Kong ($656M), and United States ($578M).
The fastest growing import markets in Low-voltage Protection Equipment for China between 2019 and 2020 were Hong Kong ($578M), Germany ($191M), and Japan ($122M).
Tariffs In 2018, the average tariff for China in Low-voltage Protection Equipment was 4.42%. The countries with the highest import tariffs for Low-voltage Protection Equipment were South Korea (Preferential tariff for Korea, Republic of, 6.34%), Burkina Faso (Most Favoured Nation duty rate treatement, 5.62%), Botswana (Most Favoured Nation duty rate treatement, 5.62%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5.62%), and Cameroon (Most Favoured Nation duty rate treatement, 5.62%).
December 2022
Overview In December 2022 China's Low-voltage Protection Equipment exports accounted up to $1.89B and imports accounted up to $1.16B, resulting in a positive trade balance of $730M. Between December 2021 and December 2022 the exports of China's Low-voltage Protection Equipment have decreased by $-332M (-14.9%) from $2.22B to $1.89B, while imports decreased by $-390M (-25.2%) from $1.55B to $1.16B.
Destinations In December 2022, Low-voltage Protection Equipment were exported mostly to Hong Kong ($281M), United States ($264M), Vietnam ($98.9M), Japan ($95.2M), and Germany ($80.1M), and were imported mostly from Japan ($261M), China ($226M), Germany ($116M), South Korea ($83.8M), and Malaysia ($75.9M).
Growth In December 2022, the decrease in Low-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-17.7M or -4.4%), Saudi Arabia ($-7.4M or -28.5%), and Iran ($-2.63M or -32.1%). In December 2022, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan ($-22.3M or -6.31%), Germany ($-19.5M or -14.2%), and Poland ($-3.72M or -22.8%).
EXPORT GROWTH (December 2021 - December 2022): $-332M, (-14.9%)
IMPORT GROWTH (December 2021 - December 2022): $-390M, (-25.2%)
MAIN EXPORTER (December 2022): Guangdong Province, $617M
MAIN DESTINATION (December 2022): Hong Kong, $281M
This section shows Low-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 Low-voltage Protection Equipment over time.
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EXPORTS (2020): $18.8B
IMPORTS (2020): $8.52B
NET TRADE (2020): $10.2B
In 2020, China exported $18.8B in Low-voltage Protection Equipment. The main destinations of China exports on Low-voltage Protection Equipment were Hong Kong ($3.96B), United States ($2.38B), Vietnam ($1.35B), Japan ($1.02B), and Germany ($985M).
In 2020, China imported $8.52B in Low-voltage Protection Equipment, mainly from Japan ($2.19B), Germany ($1.8B), South Korea ($755M), Hong Kong ($656M), and United States ($578M).
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Low-voltage Protection Equipment were:
In 2020, China's main importing competitors in Low-voltage Protection Equipment were:
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