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2022
Exports $6.47BWorld Rnk 1 / 218
Flag Rnk 109 / 1216
2022
Destination $120M United States
2021 - 2022
FASTEST GROWING MARKET $120MUnited States
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $3.93BWorld Rnk 3 / 225
Flag Rnk 90 / 1212
2022
Origin $59M Germany
2021 - 2022
FASTEST GROWING ORIGIN $59MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $6.47B in Electrical Power Accessories, making it the 1st largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 109th most exported product in China. The main destination of Electrical Power Accessories exports from China are: United States ($783M), Hong Kong ($616M), Mexico ($513M), Japan ($421M), and Germany ($388M).

The fastest growing export markets for Electrical Power Accessories of China between 2021 and 2022 were United States ($120M), Mexico ($94.5M), and Germany ($57.2M).

Imports In 2022, China imported $3.93B in Electrical Power Accessories, becoming the 3rd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 90th most imported product in China. China imports Electrical Power Accessories primarily from: Germany ($881M), Japan ($863M), South Korea ($537M), Chinese Taipei ($293M), and China ($250M).

The fastest growing import markets in Electrical Power Accessories for China between 2021 and 2022 were Germany ($59M), Malaysia ($52.6M), and Czechia ($18.3M).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (262), TE Connectivity (46), and ABB Motors and Mechanical (31) were at the forefront of shipping Electrical Power Accessories from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Electrical Power Accessories exports accounted up to $464M and imports accounted up to $274M, resulting in a positive trade balance of $190M. Between September 2023 and September 2024 the exports of China's   Electrical Power Accessories have decreased by $-13.7M (-2.87%) from $478M to $464M, while imports decreased by $-48.9M (-15.1%) from $323M to $274M.

Destinations In September 2024, Electrical Power Accessories were exported mostly to United States ($68.2M), Hong Kong ($34.4M), Vietnam ($28.7M), Mexico ($26.8M), and Japan ($24.2M), and were imported mostly from Germany ($63M), Japan ($54.6M), South Korea ($21.2M), China ($16.8M), and Chinese Taipei ($15.6M).

Growth In September 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-25.5M or -54.6%), Vietnam ($-15.2M or -54.5%), and Japan ($-9.56M or -28%). In September 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Japan ($-27.7M or -37.3%), China ($-10.9M or -41.5%), and South Korea ($-10.2M or -34.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-13.7M(-2.87%)
IMPORT GROWTH (September 2023 - September 2024)$-48.9M(-15.1%)
MAIN EXPORTER (September 2024)Guangdong Province$113M
MAIN DESTINATION (September 2024)United States$68.2M

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 (2022)$6.47B
IMPORTS (2022)$3.93B
NET TRADE (2022)$2.54B

In 2022, China exported $6.47B in Electrical Power Accessories. The main destinations of China exports on Electrical Power Accessories were United States ($783M), Hong Kong ($616M), Mexico ($513M), Japan ($421M), and Germany ($388M).

In 2022, China imported $3.93B in Electrical Power Accessories, mainly from Germany ($881M), Japan ($863M), South Korea ($537M), Chinese Taipei ($293M), and China ($250M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$120M (18.2%)
Mexico$94.5M (22.6%)
Germany$57.2M (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY China WERE (2021 - 2022):
China-$139M (-35.8%)
Belgium-$101M (-86.3%)
Iran-$24.5M (-55.4%)
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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 Power Accessories were:
Germany $6.36B
United States $4.96B
In 2022, China's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B

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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.

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