Other Construction Vehicles in China 2021 Exports | Imports : $1.7B | $287M, World Rnk 1 / 175 Rnk 303 / 1215 | World Rnk 9 / 216 Rnk 463 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $55.8M | $13.9M, Malaysia | India
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Other Construction Vehicles: -0.6, Rnk 729 / 1029
Exports In 2021, China exported $1.7B in Other Construction Vehicles, making it the 1st largest exporter of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 303rd most exported product in China. The main destination of Other Construction Vehicles exports from China are: United States ($182M), Russia ($120M), India ($95.5M), Malaysia ($73.5M), and Singapore ($62.3M).
The fastest growing export markets for Other Construction Vehicles of China between 2020 and 2021 were Malaysia ($55.8M), United States ($47.9M), and Greece ($25.8M).
Imports In 2021, China imported $287M in Other Construction Vehicles, becoming the 9th largest importer of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 463rd most imported product in China. China imports Other Construction Vehicles primarily from: Germany ($74.2M), Austria ($46.9M), Sweden ($39.8M), India ($18.7M), and United Kingdom ($15.6M).
The fastest growing import markets in Other Construction Vehicles for China between 2020 and 2021 were India ($13.9M), Sweden ($12.4M), and Netherlands ($6.38M).
Tariffs In 2018, the average tariff for China in Other Construction Vehicles was 4.96%. The countries with the highest import tariffs for Other Construction Vehicles were India (Most Favoured Nation duty rate treatment, 7.07%), Sri Lanka (Most Favoured Nation duty rate treatment, 7.07%), Hong Kong (Most Favoured Nation duty rate treatment, 6.82%), Burkina Faso (Most Favoured Nation duty rate treatment, 6.35%), and Botswana (Most Favoured Nation duty rate treatment, 6.35%).
March 2023
Overview In March 2023 China's Other Construction Vehicles exports accounted up to $225M and imports accounted up to $10.2M, resulting in a positive trade balance of $215M. Between March 2022 and March 2023 the exports of China's Other Construction Vehicles have increased by $79.2M (54.4%) from $146M to $225M, while imports decreased by $-7.43M (-42.2%) from $17.6M to $10.2M.
Destinations In March 2023, Other Construction Vehicles were exported mostly to India ($31.7M), Russia ($26.6M), Brazil ($19.1M), Republic of the Congo ($14.8M), and Australia ($12.9M), and were imported mostly from Austria ($4.14M), Germany ($2.9M), France ($2.29M), Sweden ($366k), and Taiwan ($197k).
Growth In March 2023, the increase in Other Construction Vehicles's year-by-year exports was explained primarily by an increase in exports to India ($14.5M or 365%), Russia ($13.5M or 213%), and Singapore ($7.67M or 336%). In March 2023, the decrease in Other Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-9.08M or -83%), Taiwan ($-737k or -83.1%), and Japan ($-710k or -94.6%).
EXPORT GROWTH (March 2022 - March 2023): $79.2M, (54.4%)
IMPORT GROWTH (March 2022 - March 2023): $-7.43M, (-42.2%)
MAIN EXPORTER (March 2023): Hunan Province, $47.4M
MAIN DESTINATION (March 2023): India, $31.7M
This section shows Other Construction Vehicles'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 Other Construction Vehicles over time.
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EXPORTS (2021): $1.7B
IMPORTS (2021): $287M
NET TRADE (2021): $1.41B
In 2021, China exported $1.7B in Other Construction Vehicles. The main destinations of China exports on Other Construction Vehicles were United States ($182M), Russia ($120M), India ($95.5M), Malaysia ($73.5M), and Singapore ($62.3M).
In 2021, China imported $287M in Other Construction Vehicles, mainly from Germany ($74.2M), Austria ($46.9M), Sweden ($39.8M), India ($18.7M), and United Kingdom ($15.6M).
THE FASTEST GROWING Other Construction Vehicles EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Construction Vehicles BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Other Construction Vehicles were:
In 2021, China's main importing competitors in Other Construction Vehicles were:
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