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2023
Exports $8.69BWorld Rnk 1 / 212
Flag Rnk 75 / 1215
2023
Destination $338M United States
2022 - 2023
FASTEST GROWING MARKET $338MRussia
2023
PRODUCT COMPLEXITY IN Other Heating Machinery1.3Rnk 78 / 1025
2023
Imports $3.49BWorld Rnk 3 / 225
Flag Rnk 94 / 1214
2023
Origin $304M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $304MSouth Korea
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $8.69B in Other Heating Machinery, making it the 1st largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 75th most exported product in China. The main destination of Other Heating Machinery exports from China are: United States ($965M), Russia ($592M), Indonesia ($555M), Japan ($454M), and India ($411M).

The fastest growing export markets for Other Heating Machinery of China between 2022 and 2023 were Russia ($338M), Argentina ($95.6M), and Poland ($72.2M).

Imports In 2023, China imported $3.49B in Other Heating Machinery, becoming the 3rd largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 94th most imported product in China. China imports Other Heating Machinery primarily from: South Korea ($638M), Germany ($591M), Switzerland ($393M), Japan ($332M), and United States ($253M).

The fastest growing import markets in Other Heating Machinery for China between 2022 and 2023 were South Korea ($304M), Russia ($202M), and Switzerland ($198M).

COMPANIES In 2024, leading companies such as Medical Depot (2.8k), IKEA Group (213), and BOEING (122) were at the forefront of shipping Other Heating Machinery from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Other Heating Machinery exports accounted up to $956M and imports accounted up to $407M, resulting in a positive trade balance of $548M. Between December 2023 and December 2024 the exports of China's   Other Heating Machinery have increased by $235M (32.5%) from $721M to $956M, while imports increased by $113M (38.3%) from $294M to $407M.

Destinations In December 2024, Other Heating Machinery were exported mostly to United States ($104M), Russia ($89.2M), South Korea ($62.7M), Indonesia ($52.7M), and Malaysia ($38.5M), and were imported mostly from Russia ($72.9M), South Korea ($58.8M), Germany ($57.2M), United States ($29.4M), and Thailand ($27.9M).

Growth In December 2024, the increase in Other Heating Machinery's year-by-year exports was explained primarily by an increase in exports to Indonesia ($63.2M or 139%), Vietnam ($37.6M or 363%), and Iran ($23.9M or 626%). In December 2024, the increase in Other Heating Machinery's year-by-year imports was explained primarily by an increase in imports from Germany ($35.9M or 83.1%), Italy ($24.3M or 159%), and Austria ($9.27M or 216%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$235M(32.5%)
IMPORT GROWTH (December 2023 - December 2024)$113M(38.3%)
MAIN EXPORTER (December 2024)Shandong Province$405M
MAIN DESTINATION (December 2024)United States$104M

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.69B
IMPORTS (2023)$3.49B
NET TRADE (2023)$5.19B

In 2023, China exported $8.69B in Other Heating Machinery. The main destinations of China exports on Other Heating Machinery were United States ($965M), Russia ($592M), Indonesia ($555M), Japan ($454M), and India ($411M).

In 2023, China imported $3.49B in Other Heating Machinery, mainly from South Korea ($638M), Germany ($591M), Switzerland ($393M), Japan ($332M), and United States ($253M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$338M (133%)
Argentina$95.6M (218%)
Poland$72.2M (70.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY China WERE (2022 - 2023):
Indonesia-$180M (-24.5%)
United States-$96.5M (-9.09%)
Pakistan-$84.9M (-68.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Other Heating Machinery were:
Germany $5.96B
Italy $4.77B
In 2023, China's main importing competitors in Other Heating Machinery were:
United States $7.4B
Germany $3.7B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $278M
TOP IMPORT POTENTIALGermany+ $106M

Other Heating Machinery’s highest export potential is United States. With an export gap of $278M.   Other Heating Machinery’s highest import potential is Germany with an import gap of $106M.

See methodology.

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