Vehicles and their parts in China

2019
Exports | Imports
: $74.9B | $69B, World Rnk 5 / 225
Flag Rnk 5 / 96 | World Rnk 6 / 225
Flag Rnk 6 / 96

2019
Destination | Origin
: $14.6B | $27.1B, United States | Germany

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $904M | $336M, Saudi Arabia |  Slovakia

2019
ECONOMIC COMPLEXITY of China
: 1.06, Rnk 29 / 157

2019
PRODUCT COMPLEXITY  IN Vehicles and their parts
: 1.43, Rnk 7 / 96

Exports: In 2019, China exported $74.9B in Vehicles and their parts, making it the 5th largest exporter of Vehicles and their parts in the world. At the same year, Vehicles and their parts was the 5th most exported product in China. The main destination of Vehicles and their parts exports from China are: United States ($14.6B), Japan ($4.35B), Mexico ($4.01B), Germany ($2.78B), and Russia ($2.19B).

The fastest growing export markets for Vehicles and their parts of China between 2018 and 2019 were Saudi Arabia ($904M), Malaysia ($509M), and Russia ($384M).

Imports: In 2019, China imported $69B in Vehicles and their parts, becoming the 6th largest importer of Vehicles and their parts in the world. At the same year, Vehicles and their parts was the 6th most imported product in China. China imports Vehicles and their parts primarily from: Germany ($27.1B), Japan ($14B), United States ($9.23B), United Kingdom ($3.9B), and South Korea ($1.65B).

The fastest growing import markets in Vehicles and their parts for China between 2018 and 2019 were Slovakia ($336M), Thailand ($170M), and Austria ($161M).

Tariffs: In 2018, the average tariff for China in Vehicles and their parts was 20.3%. The countries with the highest import tariffs for Vehicles and their parts were Switzerland (25.7%), Liechtenstein (25.7%), Pakistan (25.3%), Angola (25%), and Burundi (25%).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (December 2019 - December 2020): $1.91B, (28.6%)

IMPORT GROWTH (December 2019 - December 2020): $2.4B, (37.7%)

MAIN EXPORTER (December 2020): Zhejiang Province, $1.45B

MAIN DESTINATION (December 2020): United States, $1.48B

This section shows Vehicles and their 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 Vehicles and their parts over time.

Value

EXPORTS (2019): $74.9B

IMPORTS (2019): $69B

NET TRADE (2019): $5.85B

In 2019, China exported $74.9B in Vehicles and their parts. The main destinations of China exports on Vehicles and their parts were United States ($14.6B), Japan ($4.35B), Mexico ($4.01B), Germany ($2.78B), and Russia ($2.19B).

In 2019, China imported $69B in Vehicles and their parts, mainly from Germany ($27.1B), Japan ($14B), United States ($9.23B), United Kingdom ($3.9B), and South Korea ($1.65B).

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IN 2019, China HAD A POSITIVE NET TRADE IN Vehicles and their parts WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Vehicles and their parts WITH:

Flow

THE FASTEST GROWING Vehicles and their parts EXPORT MARKETS FOR China WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicles and their parts BY China WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Vehicles and their parts were:

In 2018, China's main importing competitors in Vehicles and their parts were:

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Tariffs by Country

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In 2018, the average tariff for China in Vehicles and their parts was 20.3%.

The countries with the highest tariffs for Vehicles and their parts in China were Switzerland (25.7%), Liechtenstein (25.7%), Pakistan (25.3%), Angola (25%), and Burundi (25%).

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