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2022
Exports $12.6BWorld Rnk 3 / 223
Flag Rnk 59 / 1216
2022
Destination $193M United States
2021 - 2022
FASTEST GROWING MARKET $193MIndonesia
2022
PRODUCT COMPLEXITY IN Centrifuges1.1Rnk 136 / 1025
2022
Imports $4.85BWorld Rnk 3 / 226
Flag Rnk 71 / 1212
2022
Origin $109M United States
2021 - 2022
FASTEST GROWING ORIGIN $109MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $12.6B 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 ($1.99B), Indonesia ($615M), Japan ($577M), Germany ($500M), and Russia ($499M).

The fastest growing export markets for Centrifuges of China between 2021 and 2022 were Indonesia ($193M), Canada ($169M), and Kazakhstan ($93M).

Imports In 2022, China imported $4.85B in Centrifuges, becoming the 3rd largest importer of Centrifuges in the world. At the same year, Centrifuges was the 71st most imported product in China. China imports Centrifuges primarily from: United States ($1.24B), Germany ($952M), Japan ($601M), South Korea ($420M), and United Kingdom ($180M).

The fastest growing import markets in Centrifuges for China between 2021 and 2022 were United States ($109M), Saudi Arabia ($40M), and Japan ($16.2M).

COMPANIES In 2023, leading companies such as IKEA Group (87), Volvo (46), and Telamon (26) were at the forefront of shipping Centrifuges from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Centrifuges exports accounted up to $1.09B and imports accounted up to $472M, resulting in a positive trade balance of $616M. Between August 2023 and August 2024 the exports of China's   Centrifuges have decreased by $-88.6M (-7.53%) from $1.18B to $1.09B, while imports increased by $37.4M (8.61%) from $434M to $472M.

Destinations In August 2024, Centrifuges were exported mostly to United States ($163M), Indonesia ($71.1M), Russia ($50M), South Korea ($44.9M), and Japan ($43.2M), and were imported mostly from Germany ($105M), United States ($77.6M), Japan ($59.6M), South Korea ($46.4M), and United Kingdom ($23.2M).

Growth In August 2024, the decrease in Centrifuges's year-by-year exports was explained primarily by a decrease in exports to Canada ($-38.7M or -68.2%), United States ($-31M or -15.6%), and Indonesia ($-28.4M or -45.1%). In August 2024, the increase in Centrifuges's year-by-year imports was explained primarily by an increase in imports from Indonesia ($6.82M or 964%), France ($5.2M or 42.3%), and United States ($5.18M or 5.29%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-88.6M(-7.53%)
IMPORT GROWTH (August 2023 - August 2024)$37.4M(8.61%)
MAIN EXPORTER (August 2024)Shandong Province$1.28B
MAIN DESTINATION (August 2024)United States$163M

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 (2022)$12.6B
IMPORTS (2022)$4.85B
NET TRADE (2022)$7.77B

In 2022, China exported $12.6B in Centrifuges. The main destinations of China exports on Centrifuges were United States ($1.99B), Indonesia ($615M), Japan ($577M), Germany ($500M), and Russia ($499M).

In 2022, China imported $4.85B in Centrifuges, mainly from United States ($1.24B), Germany ($952M), Japan ($601M), South Korea ($420M), and United Kingdom ($180M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$193M (45.8%)
Canada$169M (67%)
Kazakhstan$93M (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY China WERE (2021 - 2022):
United States-$211M (-9.61%)
Japan-$209M (-26.6%)
Pakistan-$102M (-54.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Centrifuges were:
Germany $15.5B
United States $12.8B
In 2022, China's main importing competitors in Centrifuges were:
United States $13.6B
Germany $7.14B

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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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