Overview: In December 2020 China's Vehicles and their parts exports accounted up to $8.59B and imports accounted up to $8.76B, resulting in a negative trade balance of $166M. Between December 2019 and December 2020 the exports of China's Vehicles and their parts have increased by $1.91B (28.6%) from $6.68B to $8.59B, while imports increased by $2.4B (37.7%) from $6.36B to $8.76B.
Destinations: In December 2020 Vehicles and their parts exported mostly to United States ($1.48B), Japan ($417M), Germany ($390M), Mexico ($303M), and Malaysia ($254M), and imported mostly from Germany ($2.76B), United States ($1.92B), Japan ($1.28B), Slovakia ($761M), and United Kingdom ($455M).
Growth: In December 2020, the increase in Vehicles and their parts's year-by-year exports was explained primarily by an increase in exports to United States ($340M or 29.9%), Japan ($174M or 71.4%), and Malaysia ($112M or 78.9%). In December 2020, the increase in Vehicles and their parts's year-by-year imports was explained primarily by an increase in imports from Germany ($1.33B or 93.4%), United States ($643M or 50.1%), and Slovakia ($450M or 145%).