Overview: In December 2020 China's Instruments and apparatus exports accounted up to $8.51B and imports accounted up to $10.9B, resulting in a negative trade balance of $2.35B. Between December 2019 and December 2020 the exports of China's Instruments and apparatus have increased by $3.3B (63.5%) from $5.2B to $8.51B, while imports increased by $1.78B (19.7%) from $9.07B to $10.9B.
Destinations: In December 2020 Instruments and apparatus exported mostly to Hong Kong ($1.81B), United States ($1.07B), Japan ($402M), Vietnam ($395M), and Germany ($362M), and imported mostly from Japan ($1.64B), Taiwan ($1.59B), Germany ($1.3B), United States ($1.26B), and South Korea ($1.07B).
Growth: In December 2020, the increase in Instruments and apparatus's year-by-year exports was explained primarily by an increase in exports to United States ($203M or 23.6%), Mexico ($155M or 76.7%), and Vietnam ($140M or 54.5%). In December 2020, the increase in Instruments and apparatus's year-by-year imports was explained primarily by an increase in imports from Taiwan ($401M or 33.8%), Singapore ($245M or 101%), and Germany ($241M or 22.7%).