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2023
Exports $11.8BWorld Rnk 3 / 224
Flag Rnk 59 / 1215
2023
Destination $283M United States
2022 - 2023
FASTEST GROWING MARKET $283MRussia
2023
PRODUCT COMPLEXITY IN Centrifuges1.22Rnk 101 / 1025
2023
Imports $5.08BWorld Rnk 3 / 225
Flag Rnk 63 / 1214
2023
Origin $206M United States
2022 - 2023
FASTEST GROWING ORIGIN $206MBrazil
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $11.8B in Centrifuges, making it the 3rd largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 59th most exported product in China. The main destination of Centrifuges exports from China are: United States ($1.62B), Russia ($781M), Indonesia ($609M), Japan ($510M), and Germany ($443M).

The fastest growing export markets for Centrifuges of China between 2022 and 2023 were Russia ($283M), Singapore ($150M), and Uzbekistan ($82.4M).

Imports In 2023, China imported $5.08B in Centrifuges, becoming the 3rd largest importer of Centrifuges in the world. At the same year, Centrifuges was the 63rd most imported product in China. China imports Centrifuges primarily from: United States ($1.06B), Germany ($957M), Japan ($690M), South Korea ($475M), and Brazil ($219M).

The fastest growing import markets in Centrifuges for China between 2022 and 2023 were Brazil ($206M), Hong Kong ($37.2M), and South Korea ($36.2M).

COMPANIES In 2024, leading companies such as CrimsonLogic (107), Amazon (33), and IKEA Group (32) were at the forefront of shipping Centrifuges from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Centrifuges exports accounted up to $1.4B and imports accounted up to $460M, resulting in a positive trade balance of $935M. Between December 2023 and December 2024 the exports of China's   Centrifuges have increased by $330M (30.9%) from $1.07B to $1.4B, while imports decreased by $-17.6M (-3.68%) from $478M to $460M.

Destinations In December 2024, Centrifuges were exported mostly to United States ($199M), South Korea ($109M), Indonesia ($80.2M), Russia ($74.6M), and Malaysia ($50.8M), and were imported mostly from United States ($89.2M), Japan ($84.9M), Germany ($80.8M), South Korea ($43.2M), and United Kingdom ($19.2M).

Growth In December 2024, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to Indonesia ($58.2M or 168%), Hong Kong ($29.7M or 107%), and United States ($20.7M or 12.3%). In December 2024, the decrease in Centrifuges's year-by-year imports was explained primarily by a decrease in imports from United States ($-14.4M or -14%), Saudi Arabia ($-4.68M or -42.4%), and Indonesia ($-4.37M or -58%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$330M(30.9%)
IMPORT GROWTH (December 2023 - December 2024)$-17.6M(-3.68%)
MAIN EXPORTER (December 2024)Shandong Province$1.28B
MAIN DESTINATION (December 2024)United States$199M

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.8B
IMPORTS (2023)$5.08B
NET TRADE (2023)$6.71B

In 2023, China exported $11.8B in Centrifuges. The main destinations of China exports on Centrifuges were United States ($1.62B), Russia ($781M), Indonesia ($609M), Japan ($510M), and Germany ($443M).

In 2023, China imported $5.08B in Centrifuges, mainly from United States ($1.06B), Germany ($957M), Japan ($690M), South Korea ($475M), and Brazil ($219M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$283M (56.6%)
Singapore$150M (91.9%)
Uzbekistan$82.4M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY China WERE (2022 - 2023):
United States-$263M (-13.9%)
Germany-$152M (-25.6%)
Japan-$68M (-11.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Centrifuges were:
Germany $14.1B
United States $12.4B
In 2023, China's main importing competitors in Centrifuges were:
United States $14.1B
Germany $7.79B

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $387M
TOP IMPORT POTENTIALGermany+ $217M

Centrifuges’s highest export potential is United States. With an export gap of $387M.   Centrifuges’s highest import potential is Germany with an import gap of $217M.

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