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2023
Exports $2.16BWorld Rnk 1 / 206
Flag Rnk 68 / 96
2023
Destination $21.6M United States
2022 - 2023
FASTEST GROWING MARKET $21.6MRussia
2023
PRODUCT COMPLEXITY IN Musical instruments1.24Rnk 95 / 1025
2023
Imports $540MWorld Rnk 3 / 219
Flag Rnk 81 / 96
2023
Origin $2.31M Japan
2022 - 2023
FASTEST GROWING ORIGIN $2.31MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.16B in Musical instruments, making it the 1st largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 68th most exported product in China. The main destination of Musical instruments exports from China are: United States ($544M), Germany ($233M), Japan ($132M), United Kingdom ($112M), and France ($71.4M).

The fastest growing export markets for Musical instruments of China between 2022 and 2023 were Russia ($21.6M), North Korea ($7.78M), and Philippines ($7.07M).

Imports In 2023, China imported $540M in Musical instruments, becoming the 3rd largest importer of Musical instruments in the world. At the same year, Musical instruments was the 81st most imported product in China. China imports Musical instruments primarily from: Japan ($143M), Indonesia ($90.1M), Germany ($74.8M), Hong Kong ($51.7M), and United States ($50.5M).

The fastest growing import markets in Musical instruments for China between 2022 and 2023 were United States ($2.31M), Austria ($2.17M), and Italy ($2.14M).

COMPANIES In 2024, leading companies such as CrimsonLogic (886), Amazon (363), and Itourscm (294) were at the forefront of shipping Musical instruments from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Musical instruments exports accounted up to $209M and imports accounted up to $28.9M, resulting in a positive trade balance of $180M. Between December 2023 and December 2024 the exports of China's   Musical instruments have increased by $12.9M (6.54%) from $197M to $209M, while imports decreased by $-7.18M (-19.9%) from $36.1M to $28.9M.

Destinations In December 2024, Musical instruments were exported mostly to United States ($56.3M), Germany ($16.5M), Japan ($14M), Malaysia ($9.42M), and Singapore ($8.1M), and were imported mostly from Japan ($9.25M), Germany ($4.2M), United States ($3.91M), Chinese Taipei ($2.84M), and Indonesia ($2.64M).

Growth In December 2024, the increase in Musical instruments's year-by-year exports was explained primarily by an increase in exports to Japan ($1.93M or 19.6%), Thailand ($1.71M or 47.7%), and North Korea ($1.52M or 774%). In December 2024, the decrease in Musical instruments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.57M or -60.6%), Indonesia ($-3.01M or -36.8%), and Mexico ($-618k or -71.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$12.9M(6.54%)
IMPORT GROWTH (December 2023 - December 2024)$-7.18M(-19.9%)
MAIN EXPORTER (December 2024)Guangdong Province$70.8M
MAIN DESTINATION (December 2024)United States$56.3M

This section shows Musical instruments'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 Musical instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.16B
IMPORTS (2023)$540M
NET TRADE (2023)$1.62B

In 2023, China exported $2.16B in Musical instruments. The main destinations of China exports on Musical instruments were United States ($544M), Germany ($233M), Japan ($132M), United Kingdom ($112M), and France ($71.4M).

In 2023, China imported $540M in Musical instruments, mainly from Japan ($143M), Indonesia ($90.1M), Germany ($74.8M), Hong Kong ($51.7M), and United States ($50.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$21.6M (56.4%)
North Korea$7.78M (2.37k%)
Philippines$7.07M (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY China WERE (2022 - 2023):
United States-$185M (-25.4%)
Germany-$70M (-23.1%)
Canada-$21.8M (-30%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Musical instruments were:
Indonesia $1.03B
United States $864M
In 2023, China's main importing competitors in Musical instruments were:
United States $1.63B
Germany $746M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $25.6M
TOP IMPORT POTENTIALIndonesia+ $21.5M

Musical instruments’s highest export potential is India. With an export gap of $25.6M.   Musical instruments’s highest import potential is Indonesia with an import gap of $21.5M.

See methodology.

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