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2022
Exports $102MWorld Rnk 1 / 125
Flag Rnk 873 / 1216
2022
Destination $3.2M United States
2021 - 2022
FASTEST GROWING MARKET $3.2MIndia
2022
Imports $26MWorld Rnk 4 / 197
Flag Rnk 886 / 1212
2022
Origin $2.51M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.51MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $102M in Balances, making it the 1st largest exporter of Balances in the world. At the same year, Balances was the 873rd most exported product in China. The main destination of Balances exports from China are: United States ($19.9M), Germany ($11.9M), Netherlands ($11.2M), India ($10.5M), and Japan ($4.27M).

The fastest growing export markets for Balances of China between 2021 and 2022 were India ($3.2M), Germany ($3M), and United Kingdom ($2.98M).

Imports In 2022, China imported $26M in Balances, becoming the 4th largest importer of Balances in the world. At the same year, Balances was the 886th most imported product in China. China imports Balances primarily from: Germany ($15.4M), Philippines ($2.32M), Singapore ($1.81M), Switzerland ($1.51M), and Japan ($1.37M).

The fastest growing import markets in Balances for China between 2021 and 2022 were Germany ($2.51M), Singapore ($1.19M), and China ($196k).

COMPANIES In 2023, leading companies such as Bass Pro Shops (22), Hilti Power Tools (11), and BSH Home Appliances (3) were at the forefront of shipping Balances from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Balances exports accounted up to $8.23M and imports accounted up to $3.32M, resulting in a positive trade balance of $4.9M. Between November 2023 and November 2024 the exports of China's   Balances have increased by $1.3M (18.8%) from $6.93M to $8.23M, while imports increased by $349k (11.8%) from $2.97M to $3.32M.

Destinations In November 2024, Balances were exported mostly to United States ($1.89M), Netherlands ($1.64M), India ($790k), Philippines ($509k), and South Korea ($363k), and were imported mostly from Switzerland ($2.03M), Germany ($492k), Japan ($239k), United States ($212k), and Netherlands ($115k).

Growth In November 2024, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to United States ($1.05M or 142%), Singapore ($712k or 1.07k%), and Netherlands ($304k or 26.7%). In November 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Germany ($344k or 28.8%), South Korea ($124k or 913%), and United Kingdom ($63.5k or 8.58k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.3M(18.8%)
IMPORT GROWTH (November 2023 - November 2024)$349k(11.8%)
MAIN EXPORTER (November 2024)Shanghai Province$7.45M
MAIN DESTINATION (November 2024)United States$1.89M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$26M
NET TRADE (2022)$75.9M

In 2022, China exported $102M in Balances. The main destinations of China exports on Balances were United States ($19.9M), Germany ($11.9M), Netherlands ($11.2M), India ($10.5M), and Japan ($4.27M).

In 2022, China imported $26M in Balances, mainly from Germany ($15.4M), Philippines ($2.32M), Singapore ($1.81M), Switzerland ($1.51M), and Japan ($1.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR China WERE (2021 - 2022):
India$3.2M (43.7%)
Germany$3M (33.8%)
United Kingdom$2.98M (670%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY China WERE (2021 - 2022):
Netherlands-$4.85M (-30.2%)
United States-$2.56M (-11.4%)
Mexico-$1.91M (-63.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Balances were:
Germany $101M
Netherlands $48.4M
In 2022, China's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.79M
TOP IMPORT POTENTIALPhilippines+ $756k

Balances’s highest export potential is India. With an export gap of $3.79M.   Balances’s highest import potential is Philippines with an import gap of $756k.

See methodology.

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