2019 Exports | Imports: $73.3B | $81B, World Rnk 3 / 225
Rnk 6 / 96 | World Rnk 2 / 225 Rnk 5 / 96
2019 Destination | Origin: $11.6B | $13.8B, Hong Kong | Japan
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $468M | $406M, Vietnam | Singapore
2019 ECONOMIC COMPLEXITY of China: 1.06, Rnk 29 / 157
2019 PRODUCT COMPLEXITY IN Instruments and apparatus: 1.92, Rnk 4 / 96
Exports: In 2019, China exported $73.3B in Instruments and apparatus, making it the 3rd largest exporter of Instruments and apparatus in the world. At the same year, Instruments and apparatus was the 6th most exported product in China. The main destination of Instruments and apparatus exports from China are: Hong Kong ($11.6B), United States ($10.6B), Japan ($4.73B), Germany ($3.8B), and South Korea ($3.55B).
The fastest growing export markets for Instruments and apparatus of China between 2018 and 2019 were Vietnam ($468M), Mexico ($409M), and France ($195M).
Imports: In 2019, China imported $81B in Instruments and apparatus, becoming the 2nd largest importer of Instruments and apparatus in the world. At the same year, Instruments and apparatus was the 5th most imported product in China. China imports Instruments and apparatus primarily from: Japan ($13.8B), United States ($12.9B), South Korea ($11.4B), Chinese Taipei ($9.77B), and Germany ($9.67B).
The fastest growing import markets in Instruments and apparatus for China between 2018 and 2019 were Singapore ($406M), Malaysia ($255M), and Mexico ($197M).
Tariffs: In 2018, the average tariff for China in Instruments and apparatus was 5.16%. The countries with the highest import tariffs for Instruments and apparatus were Bangladesh (10.1%), Pakistan (6.51%), India (6.43%), Sri Lanka (6.43%), and Burkina Faso (6.4%).
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%).
EXPORT GROWTH (December 2019 - December 2020): $3.3B, (63.5%)
IMPORT GROWTH (December 2019 - December 2020): $1.78B, (19.7%)
MAIN EXPORTER (December 2020): Guangdong Province, $2.69B
MAIN DESTINATION (December 2020): Hong Kong, $1.81B
This section shows Instruments and apparatus'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 Instruments and apparatus over time.
EXPORTS (2019): $73.3B
IMPORTS (2019): $81B
NET TRADE (2019): -$7.68B
In 2019, China exported $73.3B in Instruments and apparatus. The main destinations of China exports on Instruments and apparatus were Hong Kong ($11.6B), United States ($10.6B), Japan ($4.73B), Germany ($3.8B), and South Korea ($3.55B).
In 2019, China imported $81B in Instruments and apparatus, mainly from Japan ($13.8B), United States ($12.9B), South Korea ($11.4B), Chinese Taipei ($9.77B), and Germany ($9.67B).
IN 2019, China HAD A POSITIVE NET TRADE IN Instruments and apparatus WITH:
IN 2019, China HAD A NEGATIVE NET TRADE IN Instruments and apparatus WITH:
THE FASTEST GROWING Instruments and apparatus EXPORT MARKETS FOR China WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments and apparatus BY China WERE (2018 - 2019):
In 2018, China's main exporting competitors in Instruments and apparatus were:
In 2018, China's main importing competitors in Instruments and apparatus were:
In 2018, the average tariff for China in Instruments and apparatus was 5.16%.
The countries with the highest tariffs for Instruments and apparatus in China were Bangladesh (10.1%), Pakistan (6.51%), India (6.43%), Sri Lanka (6.43%), and Burkina Faso (6.4%).
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