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2023
Exports $3.11BWorld Rnk 1 / 189
Flag Rnk 197 / 1215
2023
Destination $106M United States
2022 - 2023
FASTEST GROWING MARKET $106MMalaysia
2023
PRODUCT COMPLEXITY IN Batteries0.58Rnk 335 / 1025
2023
Imports $250MWorld Rnk 12 / 223
Flag Rnk 463 / 1214
2023
Origin $8.42M Japan
2022 - 2023
FASTEST GROWING ORIGIN $8.42MHong Kong
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $3.11B in Batteries, making it the 1st largest exporter of Batteries in the world. At the same year, Batteries was the 197th most exported product in China. The main destination of Batteries exports from China are: United States ($358M), Germany ($263M), Hong Kong ($191M), Malaysia ($133M), and United Kingdom ($126M).

The fastest growing export markets for Batteries of China between 2022 and 2023 were Malaysia ($106M), Russia ($30.1M), and India ($17.1M).

Imports In 2023, China imported $250M in Batteries, becoming the 12th largest importer of Batteries in the world. At the same year, Batteries was the 463rd most imported product in China. China imports Batteries primarily from: Japan ($76M), Indonesia ($62.6M), Singapore ($31.4M), United States ($11.7M), and Hong Kong ($9.37M).

The fastest growing import markets in Batteries for China between 2022 and 2023 were Hong Kong ($8.42M), United States ($4.27M), and Belgium ($2.11M).

COMPANIES In 2024, leading companies such as Volvo (1.28k), General Motors (76), and Panasonic (66) were at the forefront of shipping Batteries from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Batteries exports accounted up to $208M and imports accounted up to $26.1M, resulting in a positive trade balance of $182M. Between December 2023 and December 2024 the exports of China's   Batteries have increased by $40.4M (24.1%) from $168M to $208M, while imports increased by $2.19M (9.16%) from $23.9M to $26.1M.

Destinations In December 2024, Batteries were exported mostly to United States ($34.9M), Germany ($12.7M), Russia ($12.4M), Hong Kong ($11.8M), and Japan ($8.96M), and were imported mostly from Japan ($9.59M), Indonesia ($5.47M), China ($2.54M), Singapore ($1.65M), and Switzerland ($1.13M).

Growth In December 2024, the increase in Batteries's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($4.56M or 56.5%), India ($3.79M or 51.7%), and Nigeria ($3.58M or 49.9%). In December 2024, the increase in Batteries's year-by-year imports was explained primarily by an increase in imports from China ($1.98M or 117%), Singapore ($1.12M or 107%), and Japan ($556k or 9.08%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$40.4M(24.1%)
IMPORT GROWTH (December 2023 - December 2024)$2.19M(9.16%)
MAIN EXPORTER (December 2024)Zhejiang Province$116M
MAIN DESTINATION (December 2024)United States$34.9M

This section shows Batteries'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 Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.11B
IMPORTS (2023)$250M
NET TRADE (2023)$2.86B

In 2023, China exported $3.11B in Batteries. The main destinations of China exports on Batteries were United States ($358M), Germany ($263M), Hong Kong ($191M), Malaysia ($133M), and United Kingdom ($126M).

In 2023, China imported $250M in Batteries, mainly from Japan ($76M), Indonesia ($62.6M), Singapore ($31.4M), United States ($11.7M), and Hong Kong ($9.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$106M (396%)
Russia$30.1M (31.4%)
India$17.1M (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY China WERE (2022 - 2023):
United States-$39.1M (-9.83%)
South Korea-$27.4M (-27.2%)
Iran-$21.8M (-81.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Batteries were:
United States $849M
Germany $782M
In 2023, China's main importing competitors in Batteries were:
United States $1.24B
Germany $662M
Mexico $413M

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Trade Value of Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $41.4M
TOP IMPORT POTENTIALIndonesia+ $12.6M

Batteries’s highest export potential is India. With an export gap of $41.4M.   Batteries’s highest import potential is Indonesia with an import gap of $12.6M.

See methodology.

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