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2022
Exports $58.7BWorld Rnk 1 / 209
Flag Rnk 6 / 1216
2022
Destination $5.33B United States
2021 - 2022
FASTEST GROWING MARKET $5.33BUnited States
2022
PRODUCT COMPLEXITY IN Electric Batteries1.02Rnk 164 / 1025
2022
Imports $3.51BWorld Rnk 10 / 225
Flag Rnk 96 / 1212
2022
Origin $125M Germany
2021 - 2022
FASTEST GROWING ORIGIN $125MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $58.7B in Electric Batteries, making it the 1st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 6th most exported product in China. The main destination of Electric Batteries exports from China are: United States ($10.5B), Germany ($8.08B), South Korea ($5.52B), Vietnam ($3.12B), and Netherlands ($2.69B).

The fastest growing export markets for Electric Batteries of China between 2021 and 2022 were United States ($5.33B), Germany ($4.41B), and South Korea ($2.31B).

Imports In 2022, China imported $3.51B in Electric Batteries, becoming the 10th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 96th most imported product in China. China imports Electric Batteries primarily from: Germany ($725M), South Korea ($598M), Japan ($570M), China ($474M), and Singapore ($350M).

The fastest growing import markets in Electric Batteries for China between 2021 and 2022 were Malaysia ($125M), Singapore ($54.5M), and Poland ($40.4M).

COMPANIES In 2023, leading companies such as Panasonic (34), Lovesac (12), and Amazon (11) were at the forefront of shipping Electric Batteries from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Electric Batteries exports accounted up to $6.07B and imports accounted up to $260M, resulting in a positive trade balance of $5.81B. Between October 2023 and October 2024 the exports of China's   Electric Batteries have increased by $133M (2.24%) from $5.93B to $6.07B, while imports increased by $17.4M (7.18%) from $243M to $260M.

Destinations In October 2024, Electric Batteries were exported mostly to United States ($1.53B), Germany ($840M), Vietnam ($360M), South Korea ($329M), and Netherlands ($249M), and were imported mostly from South Korea ($58M), Germany ($40.9M), Japan ($29M), Malaysia ($21.1M), and Vietnam ($19.6M).

Growth In October 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to United States ($747M or 112%), Germany ($545M or 133%), and South Korea ($398M or 126%). In October 2024, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Poland ($4.78M or 44.9%), Slovakia ($2.66M or 165%), and India ($1.67M or 36.6k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$133M(2.24%)
IMPORT GROWTH (October 2023 - October 2024)$17.4M(7.18%)
MAIN EXPORTER (October 2024)Fujian Province$1.64B
MAIN DESTINATION (October 2024)United States$1.53B

This section shows Electric 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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$58.7B
IMPORTS (2022)$3.51B
NET TRADE (2022)$55.2B

In 2022, China exported $58.7B in Electric Batteries. The main destinations of China exports on Electric Batteries were United States ($10.5B), Germany ($8.08B), South Korea ($5.52B), Vietnam ($3.12B), and Netherlands ($2.69B).

In 2022, China imported $3.51B in Electric Batteries, mainly from Germany ($725M), South Korea ($598M), Japan ($570M), China ($474M), and Singapore ($350M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$5.33B (102%)
Germany$4.41B (120%)
South Korea$2.31B (72.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY China WERE (2021 - 2022):
Hong Kong-$632M (-21.6%)
China-$425M (-47.3%)
Bangladesh-$31.8M (-26.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric Batteries were:
South Korea $9.71B
Poland $9.55B
In 2022, China's main importing competitors in Electric Batteries were:
United States $23.2B
Germany $20.3B
South Korea $6.08B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.2B
TOP IMPORT POTENTIALSouth Korea+ $271M

Electric Batteries’s highest export potential is India. With an export gap of $1.2B.   Electric Batteries’s highest import potential is South Korea with an import gap of $271M.

See methodology.

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