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2022
Exports $33.9BWorld Rnk 1 / 222
Flag Rnk 17 / 1216
2022
Destination $529M United States
2021 - 2022
FASTEST GROWING MARKET $529MUnited States
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2022
Imports $5.66BWorld Rnk 5 / 225
Flag Rnk 60 / 1212
2022
Origin $76M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $76MSouth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $33.9B in Insulated Wire, making it the 1st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 17th most exported product in China. The main destination of Insulated Wire exports from China are: United States ($4.59B), Hong Kong ($2.27B), South Korea ($2.26B), Japan ($2.22B), and Mexico ($1.8B).

The fastest growing export markets for Insulated Wire of China between 2021 and 2022 were United States ($529M), Mexico ($340M), and Indonesia ($329M).

Imports In 2022, China imported $5.66B in Insulated Wire, becoming the 5th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 60th most imported product in China. China imports Insulated Wire primarily from: Vietnam ($1.08B), China ($1B), South Korea ($757M), Germany ($738M), and Japan ($440M).

The fastest growing import markets in Insulated Wire for China between 2021 and 2022 were South Korea ($76M), Vietnam ($64.5M), and Philippines ($46.5M).

COMPANIES In 2023, leading companies such as Electrolux (86), Linak (78), and TE Connectivity (60) were at the forefront of shipping Insulated Wire from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Insulated Wire exports accounted up to $2.72B and imports accounted up to $418M, resulting in a positive trade balance of $2.31B. Between October 2023 and October 2024 the exports of China's   Insulated Wire have increased by $579M (27%) from $2.15B to $2.72B, while imports decreased by $-21.2M (-4.83%) from $439M to $418M.

Destinations In October 2024, Insulated Wire were exported mostly to United States ($364M), Hong Kong ($206M), Vietnam ($169M), South Korea ($154M), and Japan ($152M), and were imported mostly from Vietnam ($106M), China ($54.7M), South Korea ($39.2M), Japan ($34.5M), and Germany ($29.6M).

Growth In October 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Turkey ($7.72M or 51.5%), Mexico ($6.99M or 8.84%), and Democratic Republic of the Congo ($5.17M or 88.7%). In October 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China ($-64.5M or -54.8%), Vietnam ($-31.4M or -21.1%), and South Korea ($-17.9M or -31.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$579M(27%)
IMPORT GROWTH (October 2023 - October 2024)$-21.2M(-4.83%)
MAIN EXPORTER (October 2024)Guangdong Province$783M
MAIN DESTINATION (October 2024)United States$364M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.9B
IMPORTS (2022)$5.66B
NET TRADE (2022)$28.2B

In 2022, China exported $33.9B in Insulated Wire. The main destinations of China exports on Insulated Wire were United States ($4.59B), Hong Kong ($2.27B), South Korea ($2.26B), Japan ($2.22B), and Mexico ($1.8B).

In 2022, China imported $5.66B in Insulated Wire, mainly from Vietnam ($1.08B), China ($1B), South Korea ($757M), Germany ($738M), and Japan ($440M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$529M (13%)
Mexico$340M (23.3%)
Indonesia$329M (50.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY China WERE (2021 - 2022):
Hong Kong-$549M (-19.5%)
China-$273M (-21.4%)
Egypt-$39.9M (-21.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Insulated Wire were:
Mexico $16.6B
United States $11B
In 2022, China's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.06B
TOP IMPORT POTENTIALVietnam+ $467M

Insulated Wire’s highest export potential is United States. With an export gap of $1.06B.   Insulated Wire’s highest import potential is Vietnam with an import gap of $467M.

See methodology.

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