Machinery Having Individual Functions in China 2021 Exports | Imports : $16B | $27.2B, World Rnk 3 / 221 Rnk 44 / 1215 | World Rnk 1 / 226 Rnk 10 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $495M | $1.28B, United States | Singapore
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Machinery Having Individual Functions: 1.95, Rnk 10 / 1029
Exports In 2021, China exported $16B in Machinery Having Individual Functions, making it the 3rd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 44th most exported product in China. The main destination of Machinery Having Individual Functions exports from China are: United States ($1.84B), Vietnam ($1.15B), Hong Kong ($1.12B), Japan ($1.01B), and Singapore ($978M).
The fastest growing export markets for Machinery Having Individual Functions of China between 2020 and 2021 were United States ($495M), Singapore ($300M), and Hong Kong ($246M).
Imports In 2021, China imported $27.2B in Machinery Having Individual Functions, becoming the 1st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 10th most imported product in China. China imports Machinery Having Individual Functions primarily from: Japan ($9.41B), South Korea ($5.03B), Singapore ($3.13B), Germany ($2.81B), and Chinese Taipei ($2.03B).
The fastest growing import markets in Machinery Having Individual Functions for China between 2020 and 2021 were Singapore ($1.28B), Japan ($884M), and United States ($456M).
Tariffs In 2018, the average tariff for China in Machinery Having Individual Functions was 2.07%. The countries with the highest import tariffs for Machinery Having Individual Functions were India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 5.4%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 5.4%), Pakistan (Preferential tariff for Pakistan, 3.85%), South Korea (Preferential tariff for Korea, Republic of, 3.11%), and Burkina Faso (Most Favoured Nation duty rate treatment, 2.6%).
March 2023
Overview In March 2023 China's Machinery Having Individual Functions exports accounted up to $1.23B and imports accounted up to $1.12B, resulting in a positive trade balance of $110M. Between March 2022 and March 2023 the exports of China's Machinery Having Individual Functions have increased by $309M (33.6%) from $919M to $1.23B, while imports decreased by $-85.5M (-7.1%) from $1.2B to $1.12B.
Destinations In March 2023, Machinery Having Individual Functions were exported mostly to Vietnam ($150M), United States ($140M), India ($75.6M), Hong Kong ($71.3M), and South Korea ($54M), and were imported mostly from Japan ($349M), Germany ($222M), South Korea ($154M), United States ($70.4M), and Taiwan ($64.1M).
Growth In March 2023, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Germany ($37M or 110%), India ($32.6M or 75.5%), and Indonesia ($32.2M or 183%). In March 2023, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Germany ($-37M or -18%), Italy ($-18.6M or -51%), and China ($-12.2M or -38.8%).
EXPORT GROWTH (March 2022 - March 2023): $309M, (33.6%)
IMPORT GROWTH (March 2022 - March 2023): $-85.5M, (-7.1%)
MAIN EXPORTER (March 2023): Guangdong Province, $251M
MAIN DESTINATION (March 2023): Vietnam, $150M
This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $16B
IMPORTS (2021): $27.2B
NET TRADE (2021): -$11.2B
In 2021, China exported $16B in Machinery Having Individual Functions. The main destinations of China exports on Machinery Having Individual Functions were United States ($1.84B), Vietnam ($1.15B), Hong Kong ($1.12B), Japan ($1.01B), and Singapore ($978M).
In 2021, China imported $27.2B in Machinery Having Individual Functions, mainly from Japan ($9.41B), South Korea ($5.03B), Singapore ($3.13B), Germany ($2.81B), and Chinese Taipei ($2.03B).
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Machinery Having Individual Functions were:
In 2021, China's main importing competitors in Machinery Having Individual Functions were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 nutria