Other Engines in China 2021 Exports | Imports : $4.21B | $1.93B, World Rnk 1 / 208 Rnk 152 / 1215 | World Rnk 3 / 224 Rnk 151 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $244M | $36.7M, Vietnam | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Other Engines: 0.83, Rnk 232 / 1029
Exports In 2021, China exported $4.21B in Other Engines, making it the 1st largest exporter of Other Engines in the world. At the same year, Other Engines was the 152nd most exported product in China. The main destination of Other Engines exports from China are: United States ($703M), Vietnam ($343M), Japan ($290M), Germany ($263M), and Poland ($179M).
The fastest growing export markets for Other Engines of China between 2020 and 2021 were Vietnam ($244M), Japan ($86.9M), and Poland ($86.2M).
Imports In 2021, China imported $1.93B in Other Engines, becoming the 3rd largest importer of Other Engines in the world. At the same year, Other Engines was the 151st most imported product in China. China imports Other Engines primarily from: Japan ($536M), Germany ($379M), South Korea ($323M), United States ($137M), and Chinese Taipei ($78.3M).
The fastest growing import markets in Other Engines for China between 2020 and 2021 were Japan ($36.7M), Chinese Taipei ($20.1M), and Singapore ($15.7M).
Tariffs In 2018, the average tariff for China in Other Engines was 6.76%. The countries with the highest import tariffs for Other Engines were Bangladesh (Most Favoured Nation duty rate treatment, 11.8%), India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 9.1%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 9.1%), Burkina Faso (Most Favoured Nation duty rate treatment, 8.57%), and Botswana (Most Favoured Nation duty rate treatment, 8.57%).
February 2023
Overview In February 2023 China's Other Engines exports accounted up to $307M and imports accounted up to $140M, resulting in a positive trade balance of $167M. Between February 2022 and February 2023 the exports of China's Other Engines have increased by $9.3M (3.13%) from $298M to $307M, while imports increased by $9.37M (7.19%) from $130M to $140M.
Destinations In February 2023, Other Engines were exported mostly to Australia ($45.6M), United States ($43.7M), Japan ($30.5M), Germany ($25.1M), and France ($15.4M), and were imported mostly from Japan ($33.3M), Germany ($28.9M), United States ($16.5M), South Korea ($9.72M), and Taiwan ($6.25M).
Growth In February 2023, the increase in Other Engines's year-by-year exports was explained primarily by an increase in exports to Netherlands ($21.8M or 439%), United States ($17M or 37.2%), and Australia ($16.4M or 362%). In February 2023, the increase in Other Engines's year-by-year imports was explained primarily by an increase in imports from Japan ($6.27M or 17.8%), Switzerland ($1.67M or 248%), and Singapore ($1.17M or 41%).
EXPORT GROWTH (February 2022 - February 2023): $9.3M, (3.13%)
IMPORT GROWTH (February 2022 - February 2023): $9.37M, (7.19%)
MAIN EXPORTER (February 2023): Jiangsu Province, $103M
MAIN DESTINATION (February 2023): Australia, $45.6M
This section shows Other Engines'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 Engines over time.
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EXPORTS (2021): $4.21B
IMPORTS (2021): $1.93B
NET TRADE (2021): $2.28B
In 2021, China exported $4.21B in Other Engines. The main destinations of China exports on Other Engines were United States ($703M), Vietnam ($343M), Japan ($290M), Germany ($263M), and Poland ($179M).
In 2021, China imported $1.93B in Other Engines, mainly from Japan ($536M), Germany ($379M), South Korea ($323M), United States ($137M), and Chinese Taipei ($78.3M).
THE FASTEST GROWING Other Engines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Engines BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Other Engines were:
In 2021, China's main importing competitors in Other Engines were:
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