Spark-Ignition Engines in China 2021 Exports | Imports : $3.49B | $1.29B, World Rnk 4 / 181 Rnk 182 / 1215 | World Rnk 8 / 223 Rnk 194 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $140M | $52.3M, Vietnam | Germany
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Spark-Ignition Engines: 0.87, Rnk 223 / 1029
Exports In 2021, China exported $3.49B in Spark-Ignition Engines, making it the 4th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 182nd most exported product in China. The main destination of Spark-Ignition Engines exports from China are: United States ($469M), Russia ($421M), Vietnam ($370M), Belgium ($285M), and India ($168M).
The fastest growing export markets for Spark-Ignition Engines of China between 2020 and 2021 were Vietnam ($140M), India ($103M), and Belgium ($86.8M).
Imports In 2021, China imported $1.29B in Spark-Ignition Engines, becoming the 8th largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 194th most imported product in China. China imports Spark-Ignition Engines primarily from: Japan ($640M), United States ($191M), Germany ($111M), Sweden ($102M), and Saudi Arabia ($38.9M).
The fastest growing import markets in Spark-Ignition Engines for China between 2020 and 2021 were Germany ($52.3M), South Korea ($26.3M), and France ($16.6M).
Tariffs In 2018, the average tariff for China in Spark-Ignition Engines was 10.4%. The countries with the highest import tariffs for Spark-Ignition Engines were Pakistan (Most Favoured Nation duty rate treatment, 18%), Hong Kong (Most Favoured Nation duty rate treatment, 11.6%), Bangladesh (Most Favoured Nation duty rate treatment, 11.4%), India (Most Favoured Nation duty rate treatment, 11.4%), and Sri Lanka (Most Favoured Nation duty rate treatment, 11.4%).
February 2023
Overview In February 2023 China's Spark-Ignition Engines exports accounted up to $174M and imports accounted up to $77.3M, resulting in a positive trade balance of $97.1M. Between February 2022 and February 2023 the exports of China's Spark-Ignition Engines have decreased by $-59.4M (-25.4%) from $234M to $174M, while imports increased by $11.8M (18%) from $65.5M to $77.3M.
Destinations In February 2023, Spark-Ignition Engines were exported mostly to United States ($23.8M), United Arab Emirates ($15.7M), Belgium ($13.1M), Iran ($11.7M), and Russia ($11.7M), and were imported mostly from Japan ($27.1M), Austria ($16.9M), United States ($9M), Sweden ($7.48M), and Germany ($5M).
Growth In February 2023, the decrease in Spark-Ignition Engines's year-by-year exports was explained primarily by a decrease in exports to Russia ($-7.4M or -27.1%), Czechia ($-5.64M or -74%), and Taiwan ($-4.81M or -34.5%). In February 2023, the increase in Spark-Ignition Engines's year-by-year imports was explained primarily by an increase in imports from Germany ($7.4M or 69.7%), Hungary ($2.43M or 51.9%), and South Korea ($1.26M or 14.1%).
EXPORT GROWTH (February 2022 - February 2023): $-59.4M, (-25.4%)
IMPORT GROWTH (February 2022 - February 2023): $11.8M, (18%)
MAIN EXPORTER (February 2023): Chongqing, $69.3M
MAIN DESTINATION (February 2023): United States, $23.8M
This section shows Spark-Ignition 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 Spark-Ignition Engines over time.
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EXPORTS (2021): $3.49B
IMPORTS (2021): $1.29B
NET TRADE (2021): $2.19B
In 2021, China exported $3.49B in Spark-Ignition Engines. The main destinations of China exports on Spark-Ignition Engines were United States ($469M), Russia ($421M), Vietnam ($370M), Belgium ($285M), and India ($168M).
In 2021, China imported $1.29B in Spark-Ignition Engines, mainly from Japan ($640M), United States ($191M), Germany ($111M), Sweden ($102M), and Saudi Arabia ($38.9M).
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Spark-Ignition Engines were:
In 2021, China's main importing competitors in Spark-Ignition Engines were:
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