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%).