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2023
Exports $6.67BWorld Rnk 2 / 216
Flag Rnk 94 / 1215
2023
Destination $60.7M Mexico
2022 - 2023
FASTEST GROWING MARKET $60.7MIndia
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories0.94Rnk 195 / 1025
2023
Imports $3.29BWorld Rnk 4 / 224
Flag Rnk 98 / 1214
2023
Origin $46.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $46.6MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $6.67B in Electrical Power Accessories, making it the 2nd largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 94th most exported product in China. The main destination of Electrical Power Accessories exports from China are: Mexico ($954M), United States ($554M), Hong Kong ($506M), Japan ($438M), and Germany ($378M).

The fastest growing export markets for Electrical Power Accessories of China between 2022 and 2023 were India ($60.7M), Russia ($58.1M), and Saudi Arabia ($42.2M).

Imports In 2023, China imported $3.29B in Electrical Power Accessories, becoming the 4th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 98th most imported product in China. China imports Electrical Power Accessories primarily from: Germany ($983M), Japan ($696M), South Korea ($257M), United States ($227M), and Chinese Taipei ($210M).

The fastest growing import markets in Electrical Power Accessories for China between 2022 and 2023 were Germany ($46.6M), Mexico ($8.41M), and Romania ($7.65M).

COMPANIES In 2024, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (281), ABB Motors and Mechanical (92), and ZF Friedrichshafen (47) were at the forefront of shipping Electrical Power Accessories from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Electrical Power Accessories exports accounted up to $520M and imports accounted up to $291M, resulting in a positive trade balance of $229M. Between December 2023 and December 2024 the exports of China's   Electrical Power Accessories have increased by $102M (24.3%) from $419M to $520M, while imports decreased by $-26.6M (-8.36%) from $318M to $291M.

Destinations In December 2024, Electrical Power Accessories were exported mostly to United States ($72M), Hong Kong ($38.2M), Vietnam ($28.2M), Mexico ($27.6M), and India ($25.4M), and were imported mostly from Germany ($70.6M), Japan ($53M), South Korea ($24.1M), Chinese Taipei ($17.6M), and China ($17.2M).

Growth In December 2024, the increase in Electrical Power Accessories's year-by-year exports was explained primarily by an increase in exports to Bangladesh ($12.7M or 234%), Vietnam ($12.2M or 96.2%), and Hong Kong ($8.69M or 41%). In December 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Germany ($-28.1M or -28.5%), Hungary ($-2.66M or -32.8%), and France ($-2.17M or -24.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$102M(24.3%)
IMPORT GROWTH (December 2023 - December 2024)$-26.6M(-8.36%)
MAIN EXPORTER (December 2024)Guangdong Province$118M
MAIN DESTINATION (December 2024)United States$72M

This section shows Electrical Power Accessories'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 Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.67B
IMPORTS (2023)$3.29B
NET TRADE (2023)$3.38B

In 2023, China exported $6.67B in Electrical Power Accessories. The main destinations of China exports on Electrical Power Accessories were Mexico ($954M), United States ($554M), Hong Kong ($506M), Japan ($438M), and Germany ($378M).

In 2023, China imported $3.29B in Electrical Power Accessories, mainly from Germany ($983M), Japan ($696M), South Korea ($257M), United States ($227M), and Chinese Taipei ($210M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR China WERE (2022 - 2023):
India$60.7M (22%)
Russia$58.1M (67.3%)
Saudi Arabia$42.2M (47.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY China WERE (2022 - 2023):
Hong Kong-$123M (-19.6%)
South Korea-$109M (-38.2%)
United States-$79.5M (-12.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Electrical Power Accessories were:
Germany $7.23B
United States $4.44B
In 2023, China's main importing competitors in Electrical Power Accessories were:
Mexico $4.57B
United States $4.46B
Germany $3.3B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $189M
TOP IMPORT POTENTIALUnited States+ $115M

Electrical Power Accessories’s highest export potential is India. With an export gap of $189M.   Electrical Power Accessories’s highest import potential is United States with an import gap of $115M.

See methodology.

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