Machinery and appliances in China

EXPORTS (2019): $453B, World Rnk 1 / 225
Flag Rnk 2 / 96

TOP DESTINATION (2019): $90.5B, United States

FASTEST GROWING MARKET (2018 - 2019): $2.68B, Vietnam

IMPORTS (2019): $136B, World Rnk 3 / 225
Flag Rnk 4 / 96

TOP ORIGIN (2019): $28.1B, Japan

FASTEST GROWING ORIGIN (2018 - 2019): $1.2B, Hong Kong

ECONOMIC COMPLEXITY of China (2019): 1, Rnk 30 / 147

PRODUCT COMPLEXITY  IN Machinery and appliances (2019): 1.95, Rnk 3 / 96

Exports: In 2019, China exported $453B in Machinery and appliances, making it the 1st largest exporter of Machinery and appliances in the world. At the same year, Machinery and appliances was the 2nd most exported product in China. The main destination of Machinery and appliances exports from China are: United States ($90.5B), Hong Kong ($41.3B), Japan ($29.1B), Germany ($21.7B), and Netherlands ($18.7B).

The fastest growing export markets for Machinery and appliances of China between 2018 and 2019 were Vietnam ($2.68B), Japan ($1.29B), and Chinese Taipei ($1.02B).

Imports: In 2019, China imported $136B in Machinery and appliances, becoming the 3rd largest importer of Machinery and appliances in the world. At the same year, Machinery and appliances was the 4th most imported product in China. China imports Machinery and appliances primarily from: Japan ($28.1B), Germany ($22.6B), South Korea ($18.3B), United States ($10.1B), and Chinese Taipei ($9.24B).

The fastest growing import markets in Machinery and appliances for China between 2018 and 2019 were Hong Kong ($1.2B), United Arab Emirates ($504M), and Russia ($326M).

Tariffs: In 2018, the average tariff for China in Machinery and appliances was 5.99%. The countries with the highest import tariffs for Machinery and appliances were Burkina Faso (7.55%), Botswana (7.55%), Cote d'Ivoire (7.55%), Cameroon (7.55%), and Democratic Republic of the Congo (7.55%).

Overview: In December 2020 China's Machinery and appliances exports accounted up to $46.7B and imports accounted up to $17.8B, resulting in a positive trade balance of $28.9B. Between December 2019 and December 2020 the exports of China's   Machinery and appliances have increased by $13.5B (40.5%) from $33.2B to $46.7B, while imports increased by $825M (4.85%) from $17B to $17.8B.

Destinations: In December 2020 Machinery and appliances exported mostly to United States ($10.1B), Hong Kong ($5.03B), Japan ($2.42B), Germany ($2.09B), and Netherlands ($2.05B), and imported mostly from Japan ($3.55B), Germany ($2.13B), Taiwan ($1.83B), South Korea ($1.73B), and China ($1.61B).

Growth: In December 2020, the increase in Machinery and appliances's year-by-year exports was explained primarily by an increase in exports to United States ($3.49B or 53%), Japan ($621M or 34.5%), and Germany ($429M or 25.8%). In December 2020, the increase in Machinery and appliances's year-by-year imports was explained primarily by an increase in imports from Taiwan ($209M or 12.9%), Germany ($199M or 10.3%), and Thailand ($191M or 19.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (December 2019 - December 2020): $13.5B, (40.5%)

IMPORT GROWTH (December 2019 - December 2020): $825M, (4.85%)

MAIN EXPORTER (December 2020): Guangdong Province, $10.1B

MAIN DESTINATION (December 2020): United States, $10.1B

This section shows Machinery and appliances'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 and appliances over time.

Value

EXPORTS (2019): $453B

IMPORTS (2019): $136B

NET TRADE (2019): $317B

In 2019, China exported $453B in Machinery and appliances. The main destinations of China exports on Machinery and appliances were United States ($90.5B), Hong Kong ($41.3B), Japan ($29.1B), Germany ($21.7B), and Netherlands ($18.7B).

In 2019, China imported $136B in Machinery and appliances, mainly from Japan ($28.1B), Germany ($22.6B), South Korea ($18.3B), United States ($10.1B), and Chinese Taipei ($9.24B).

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IN 2019, China HAD A POSITIVE NET TRADE IN Machinery and appliances WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Machinery and appliances WITH:

Flow

THE FASTEST GROWING Machinery and appliances EXPORT MARKETS FOR China WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery and appliances BY China WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, China's main exporting competitors in Machinery and appliances were:

In 2018, China's main importing competitors in Machinery and appliances were:

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Tariffs by Country

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In 2018, the average tariff for China in Machinery and appliances was 5.99%.

The countries with the highest tariffs for Machinery and appliances in China were Burkina Faso (7.55%), Botswana (7.55%), Cote d'Ivoire (7.55%), Cameroon (7.55%), and Democratic Republic of the Congo (7.55%).

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