Vehicle Parts in China 2020 Exports | Imports : $32.1B | $23.9B, World Rnk 2 / 226 Rnk 10 / 1215 | World Rnk 3 / 226 Rnk 10 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $263M | $1.17B, South Korea | Germany
Exports In 2020, China exported $32.1B in Vehicle Parts, making it the 2nd largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 10th most exported product in China. The main destination of Vehicle Parts exports from China are: United States ($8.42B), Japan ($2.55B), Mexico ($1.99B), Germany ($1.57B), and South Korea ($1.55B).
The fastest growing export markets for Vehicle Parts of China between 2019 and 2020 were South Korea ($263M), Iran ($192M), and Malaysia ($190M).
Imports In 2020, China imported $23.9B in Vehicle Parts, becoming the 3rd largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 10th most imported product in China. China imports Vehicle Parts primarily from: Germany ($10.5B), Japan ($6.04B), United States ($1.95B), South Korea ($1.28B), and Mexico ($830M).
The fastest growing import markets in Vehicle Parts for China between 2019 and 2020 were Germany ($1.17B), United States ($414M), and Mexico ($135M).
Tariffs In 2018, the average tariff for China in Vehicle Parts was 8.17%. The countries with the highest import tariffs for Vehicle Parts were Switzerland (Most Favoured Nation duty rate treatement, 25%), Liechtenstein (Most Favoured Nation duty rate treatement, 25%), Pakistan (Most Favoured Nation duty rate treatement, 14.6%), Bangladesh (Most Favoured Nation duty rate treatement, 13.6%), and India (Most Favoured Nation duty rate treatement, 10.1%).
November 2021
Overview In November 2021 China's Vehicle Parts exports accounted up to $4.04B and imports accounted up to $2.79B, resulting in a positive trade balance of $1.25B. Between November 2020 and November 2021 the exports of China's Vehicle Parts have increased by $486M (13.7%) from $3.55B to $4.04B, while imports increased by $319M (12.9%) from $2.47B to $2.79B.
Destinations In November 2021, Vehicle Parts were exported mostly to United States ($1.01B), Japan ($324M), Mexico ($253M), Germany ($207M), and South Korea ($171M), and were imported mostly from Germany ($896M), Japan ($668M), United States ($200M), South Korea ($134M), and France ($103M).
Growth In November 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($73.4M or 43.1%), Iran ($39.3M or 185%), and South Korea ($33.9M or 31.4%). In November 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from Czechia ($5.24M or 12.1%), China ($4.28M or 50.8%), and Portugal ($3.86M or 9.82%).
EXPORT GROWTH (November 2020 - November 2021): $486M, (13.7%)
IMPORT GROWTH (November 2020 - November 2021): $319M, (12.9%)
MAIN EXPORTER (November 2021): Zhejiang Province, $953M
MAIN DESTINATION (November 2021): United States, $1.01B
This section shows Vehicle Parts'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 Vehicle Parts over time.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $32.1B
IMPORTS (2020): $23.9B
NET TRADE (2020): $8.24B
In 2020, China exported $32.1B in Vehicle Parts. The main destinations of China exports on Vehicle Parts were United States ($8.42B), Japan ($2.55B), Mexico ($1.99B), Germany ($1.57B), and South Korea ($1.55B).
In 2020, China imported $23.9B in Vehicle Parts, mainly from Germany ($10.5B), Japan ($6.04B), United States ($1.95B), South Korea ($1.28B), and Mexico ($830M).
IN 2020, China HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:
IN 2020, China HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:
THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY China WERE (2019 - 2020):
In 2019, China's main exporting competitors in Vehicle Parts were:
In 2019, China's main importing competitors in Vehicle Parts were:
In 2018, the average tariff for China in Vehicle Parts was 8.17%.
The countries with the highest tariffs for Vehicle Parts in China were Switzerland (Most Favoured Nation duty rate treatement, 25%), Liechtenstein (Most Favoured Nation duty rate treatement, 25%), Pakistan (Most Favoured Nation duty rate treatement, 14.6%), Bangladesh (Most Favoured Nation duty rate treatement, 13.6%), and India (Most Favoured Nation duty rate treatement, 10.1%).
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.8 ant