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2022
Exports $14.2BWorld Rnk 1 / 219
Flag Rnk 53 / 1216
2022
Destination $198M United States
2021 - 2022
FASTEST GROWING MARKET $198MIndonesia
2022
PRODUCT COMPLEXITY IN Electrical Control Boards0.56Rnk 343 / 1025
2022
Imports $5.33BWorld Rnk 3 / 224
Flag Rnk 67 / 1212
2022
Origin $154M Germany
2021 - 2022
FASTEST GROWING ORIGIN $154MMexico
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $14.2B in Electrical Control Boards, making it the 1st largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 53rd most exported product in China. The main destination of Electrical Control Boards exports from China are: United States ($1.64B), Hong Kong ($1.17B), Germany ($807M), Japan ($795M), and Vietnam ($691M).

The fastest growing export markets for Electrical Control Boards of China between 2021 and 2022 were Indonesia ($198M), Hong Kong ($190M), and Germany ($141M).

Imports In 2022, China imported $5.33B in Electrical Control Boards, becoming the 3rd largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 67th most imported product in China. China imports Electrical Control Boards primarily from: Germany ($1.17B), Japan ($1.1B), United States ($492M), China ($437M), and Mexico ($248M).

The fastest growing import markets in Electrical Control Boards for China between 2021 and 2022 were Mexico ($154M), China ($133M), and Vietnam ($67.9M).

COMPANIES In 2023, leading companies such as Electrolux (32), Volvo (31), and Philips (28) were at the forefront of shipping Electrical Control Boards from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Electrical Control Boards exports accounted up to $1.15B and imports accounted up to $471M, resulting in a positive trade balance of $680M. Between September 2023 and September 2024 the exports of China's   Electrical Control Boards have increased by $2.56M (0.22%) from $1.15B to $1.15B, while imports decreased by $-69.8M (-12.9%) from $541M to $471M.

Destinations In September 2024, Electrical Control Boards were exported mostly to United States ($100M), Germany ($89.4M), Japan ($76.1M), Thailand ($41.5M), and Mexico ($39M), and were imported mostly from Germany ($77.5M), Japan ($46.9M), United States ($35.4M), Romania ($30.8M), and Mexico ($30.6M).

Growth In September 2024, the increase in Electrical Control Boards's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($30.5M or 61.6%), Netherlands ($19.5M or 113%), and Malaysia ($18.9M or 93%). In September 2024, the decrease in Electrical Control Boards's year-by-year imports was explained primarily by a decrease in imports from Japan ($-22.4M or -41.8%), South Korea ($-15.1M or -48.9%), and Italy ($-12.2M or -53.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.56M(0.22%)
IMPORT GROWTH (September 2023 - September 2024)$-69.8M(-12.9%)
MAIN EXPORTER (September 2024)Guangdong Province$303M
MAIN DESTINATION (September 2024)United States$100M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.2B
IMPORTS (2022)$5.33B
NET TRADE (2022)$8.92B

In 2022, China exported $14.2B in Electrical Control Boards. The main destinations of China exports on Electrical Control Boards were United States ($1.64B), Hong Kong ($1.17B), Germany ($807M), Japan ($795M), and Vietnam ($691M).

In 2022, China imported $5.33B in Electrical Control Boards, mainly from Germany ($1.17B), Japan ($1.1B), United States ($492M), China ($437M), and Mexico ($248M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$198M (79.9%)
Hong Kong$190M (19.4%)
Germany$141M (21.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY China WERE (2021 - 2022):
Pakistan-$102M (-53.2%)
Poland-$47.1M (-9.7%)
Mexico-$37.7M (-11.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electrical Control Boards were:
Germany $11.3B
Mexico $7.12B
In 2022, China's main importing competitors in Electrical Control Boards were:
United States $16.6B
Germany $8.76B

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $593M
TOP IMPORT POTENTIALMexico+ $176M

Electrical Control Boards’s highest export potential is United States. With an export gap of $593M.   Electrical Control Boards’s highest import potential is Mexico with an import gap of $176M.

See methodology.

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