Low-voltage Protection Equipment in China 2021 Exports | Imports : $24.3B | $9.04B, World Rnk 1 / 225 Rnk 27 / 1215 | World Rnk 3 / 225 Rnk 35 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $886M | $313M, Hong Kong | Germany
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Low-voltage Protection Equipment: 0.68, Rnk 284 / 1029
Exports In 2021, China exported $24.3B 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 27th most exported product in China. The main destination of Low-voltage Protection Equipment exports from China are: Hong Kong ($4.7B), United States ($3.13B), Vietnam ($1.52B), Japan ($1.28B), and Germany ($1.21B).
The fastest growing export markets for Low-voltage Protection Equipment of China between 2020 and 2021 were Hong Kong ($886M), United States ($750M), and Germany ($314M).
Imports In 2021, China imported $9.04B in Low-voltage Protection Equipment, becoming the 3rd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 35th most imported product in China. China imports Low-voltage Protection Equipment primarily from: Japan ($2.44B), Germany ($2.12B), South Korea ($837M), United States ($651M), and Chinese Taipei ($588M).
The fastest growing import markets in Low-voltage Protection Equipment for China between 2020 and 2021 were Germany ($313M), Japan ($250M), and Chinese Taipei ($111M).
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 treatment, 5.62%), Botswana (Most Favoured Nation duty rate treatment, 5.62%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 5.62%), and Cameroon (Most Favoured Nation duty rate treatment, 5.62%).
April 2023
Overview In April 2023 China's Low-voltage Protection Equipment exports accounted up to $1.88B and imports accounted up to $976M, resulting in a positive trade balance of $909M. Between April 2022 and April 2023 the exports of China's Low-voltage Protection Equipment have increased by $44.3M (2.41%) from $1.84B to $1.88B, while imports decreased by $-263M (-21.2%) from $1.24B to $976M.
Destinations In April 2023, Low-voltage Protection Equipment were exported mostly to United States ($268M), Hong Kong ($234M), Vietnam ($114M), Japan ($97.9M), and Germany ($90.7M), and were imported mostly from Japan ($220M), China ($208M), Germany ($110M), South Korea ($73.2M), and United States ($46.4M).
Growth In April 2023, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Vietnam ($29.8M or 19.6%), United States ($24.8M or 10.5%), and Russia ($22.8M or 76.2%). In April 2023, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan ($-22.7M or -6.43%), Germany ($-19.5M or -14.2%), and Poland ($-3.72M or -22.8%).
EXPORT GROWTH (April 2022 - April 2023): $44.3M, (2.41%)
IMPORT GROWTH (April 2022 - April 2023): $-263M, (-21.2%)
MAIN EXPORTER (April 2023): Guangdong Province, $589M
MAIN DESTINATION (April 2023): United States, $268M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $24.3B
IMPORTS (2021): $9.04B
NET TRADE (2021): $15.2B
In 2021, China exported $24.3B in Low-voltage Protection Equipment. The main destinations of China exports on Low-voltage Protection Equipment were Hong Kong ($4.7B), United States ($3.13B), Vietnam ($1.52B), Japan ($1.28B), and Germany ($1.21B).
In 2021, China imported $9.04B in Low-voltage Protection Equipment, mainly from Japan ($2.44B), Germany ($2.12B), South Korea ($837M), United States ($651M), and Chinese Taipei ($588M).
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Low-voltage Protection Equipment were:
In 2021, China's main importing competitors in Low-voltage Protection Equipment were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.15 owl