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2023
Exports $13BWorld Rnk 1 / 222
Flag Rnk 55 / 1215
2023
Destination $342M United States
2022 - 2023
FASTEST GROWING MARKET $342MRussia
2023
PRODUCT COMPLEXITY IN Liquid Pumps1.3Rnk 77 / 1025
2023
Imports $4.04BWorld Rnk 3 / 226
Flag Rnk 82 / 1214
2023
Origin $33.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $33.1MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $13B in Liquid Pumps, making it the 1st largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 55th most exported product in China. The main destination of Liquid Pumps exports from China are: United States ($2.1B), Russia ($942M), Mexico ($797M), Japan ($490M), and Germany ($457M).

The fastest growing export markets for Liquid Pumps of China between 2022 and 2023 were Russia ($342M), Vietnam ($79.5M), and Singapore ($75.7M).

Imports In 2023, China imported $4.04B in Liquid Pumps, becoming the 3rd largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 82nd most imported product in China. China imports Liquid Pumps primarily from: Germany ($1.1B), Japan ($727M), United States ($525M), Italy ($200M), and South Korea ($168M).

The fastest growing import markets in Liquid Pumps for China between 2022 and 2023 were Russia ($33.1M), Italy ($24.7M), and Netherlands ($24.2M).

COMPANIES In 2024, leading companies such as Amazon (106), Goldensee Limited (52), and Danfoss (52) were at the forefront of shipping Liquid Pumps from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Liquid Pumps exports accounted up to $1.35B and imports accounted up to $411M, resulting in a positive trade balance of $939M. Between December 2023 and December 2024 the exports of China's   Liquid Pumps have increased by $324M (31.6%) from $1.03B to $1.35B, while imports increased by $43.6M (11.9%) from $368M to $411M.

Destinations In December 2024, Liquid Pumps were exported mostly to United States ($174M), Russia ($125M), Indonesia ($54.3M), Mexico ($50.4M), and Germany ($45.9M), and were imported mostly from Germany ($83.1M), Japan ($80M), United States ($50.2M), Italy ($27M), and United Kingdom ($20.2M).

Growth In December 2024, the increase in Liquid Pumps's year-by-year exports was explained primarily by an increase in exports to Indonesia ($19.4M or 51.1%), Mexico ($17.8M or 43.5%), and Vietnam ($15.6M or 86.8%). In December 2024, the increase in Liquid Pumps's year-by-year imports was explained primarily by an increase in imports from Austria ($12.5M or 343%), South Korea ($8.74M or 87.1%), and Switzerland ($7.48M or 76.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$324M(31.6%)
IMPORT GROWTH (December 2023 - December 2024)$43.6M(11.9%)
MAIN EXPORTER (December 2024)Zhejiang Province$473M
MAIN DESTINATION (December 2024)United States$174M

This section shows Liquid Pumps'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 Liquid Pumps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13B
IMPORTS (2023)$4.04B
NET TRADE (2023)$8.95B

In 2023, China exported $13B in Liquid Pumps. The main destinations of China exports on Liquid Pumps were United States ($2.1B), Russia ($942M), Mexico ($797M), Japan ($490M), and Germany ($457M).

In 2023, China imported $4.04B in Liquid Pumps, mainly from Germany ($1.1B), Japan ($727M), United States ($525M), Italy ($200M), and South Korea ($168M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$342M (56.9%)
Vietnam$79.5M (39.4%)
Singapore$75.7M (53.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY China WERE (2022 - 2023):
United States-$277M (-11.7%)
Germany-$96.1M (-17.4%)
Italy-$89.1M (-24.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Liquid Pumps were:
Germany $11.9B
United States $8.82B
In 2023, China's main importing competitors in Liquid Pumps were:
United States $12.6B
Germany $5.63B

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Trade Value of Liquid Pumps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $351M
TOP IMPORT POTENTIALUnited States+ $162M

Liquid Pumps’s highest export potential is United States. With an export gap of $351M.   Liquid Pumps’s highest import potential is United States with an import gap of $162M.

See methodology.

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