Seats in China 2021 Exports | Imports : $37.4B | $1.26B, World Rnk 1 / 217 Rnk 11 / 1215 | World Rnk 17 / 224 Rnk 201 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.45B | $67.2M, United States | Italy
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Seats: -0.18, Rnk 611 / 1029
Exports In 2021, China exported $37.4B in Seats, making it the 1st largest exporter of Seats in the world. At the same year, Seats was the 11th most exported product in China. The main destination of Seats exports from China are: United States ($10.7B), United Kingdom ($2.05B), Japan ($2.04B), South Korea ($2.02B), and Germany ($2.01B).
The fastest growing export markets for Seats of China between 2020 and 2021 were United States ($2.45B), United Kingdom ($584M), and Germany ($569M).
Imports In 2021, China imported $1.26B in Seats, becoming the 17th largest importer of Seats in the world. At the same year, Seats was the 201st most imported product in China. China imports Seats primarily from: Italy ($239M), South Korea ($225M), Japan ($148M), Germany ($108M), and United Kingdom ($91.9M).
The fastest growing import markets in Seats for China between 2020 and 2021 were Italy ($67.2M), United Kingdom ($27.6M), and South Korea ($22.7M).
Tariffs In 2018, the average tariff for China in Seats was 1.17%. The countries with the highest import tariffs for Seats were South Korea (Preferential tariff for Korea, Republic of, 7.65%), Brunei (Association of Southeast Asian Nations (ASEAN ) Free Trade Area, 5%), Indonesia (Association of Southeast Asian Nations (ASEAN ) Free Trade Area, 5%), Laos (Association of Southeast Asian Nations (ASEAN ) Free Trade Area, 5%), and Malaysia (Association of Southeast Asian Nations (ASEAN ) Free Trade Area, 5%).
April 2023
Overview In April 2023 China's Seats exports accounted up to $2.82B and imports accounted up to $78M, resulting in a positive trade balance of $2.74B. Between April 2022 and April 2023 the exports of China's Seats have decreased by $-138M (-4.66%) from $2.96B to $2.82B, while imports decreased by $-14.3M (-15.5%) from $92.3M to $78M.
Destinations In April 2023, Seats were exported mostly to United States ($765M), South Korea ($151M), Japan ($150M), United Kingdom ($150M), and Germany ($112M), and were imported mostly from Italy ($21.1M), Germany ($10.3M), United States ($8.65M), Japan ($7.95M), and France ($4.45M).
Growth In April 2023, the decrease in Seats's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-11.2M or -22.1%), Brazil ($-10.8M or -36.2%), and Belgium ($-8.94M or -22.1%). In April 2023, the decrease in Seats's year-by-year imports was explained primarily by a decrease in imports from Poland ($-1.83M or -36.6%), Vietnam ($-1.61M or -32.1%), and Italy ($-1.39M or -4.72%).
EXPORT GROWTH (April 2022 - April 2023): $-138M, (-4.66%)
IMPORT GROWTH (April 2022 - April 2023): $-14.3M, (-15.5%)
MAIN EXPORTER (April 2023): Zhejiang Province, $866M
MAIN DESTINATION (April 2023): United States, $765M
This section shows Seats'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 Seats over time.
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EXPORTS (2021): $37.4B
IMPORTS (2021): $1.26B
NET TRADE (2021): $36.2B
In 2021, China exported $37.4B in Seats. The main destinations of China exports on Seats were United States ($10.7B), United Kingdom ($2.05B), Japan ($2.04B), South Korea ($2.02B), and Germany ($2.01B).
In 2021, China imported $1.26B in Seats, mainly from Italy ($239M), South Korea ($225M), Japan ($148M), Germany ($108M), and United Kingdom ($91.9M).
THE FASTEST GROWING Seats EXPORT MARKETS FOR China WERE (2020 - 2021):
In 2021, China's main importing competitors in Seats were:
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