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2022
Exports $5.34BWorld Rnk 1 / 209
Flag Rnk 135 / 1216
2022
Destination $108M United States
2021 - 2022
FASTEST GROWING MARKET $108MUnited States
2022
PRODUCT COMPLEXITY IN Padlocks0.82Rnk 236 / 1025
2022
Imports $352MWorld Rnk 7 / 223
Flag Rnk 420 / 1212
2022
Origin $8.82M Germany
2021 - 2022
FASTEST GROWING ORIGIN $8.82MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.34B in Padlocks, making it the 1st largest exporter of Padlocks in the world. At the same year, Padlocks was the 135th most exported product in China. The main destination of Padlocks exports from China are: United States ($939M), Mexico ($283M), Germany ($230M), Vietnam ($188M), and United Kingdom ($181M).

The fastest growing export markets for Padlocks of China between 2021 and 2022 were United States ($108M), Germany ($55.3M), and Singapore ($46.1M).

Imports In 2022, China imported $352M in Padlocks, becoming the 7th largest importer of Padlocks in the world. At the same year, Padlocks was the 420th most imported product in China. China imports Padlocks primarily from: Germany ($136M), Chinese Taipei ($33.5M), Japan ($25.3M), United States ($23.4M), and Vietnam ($19M).

The fastest growing import markets in Padlocks for China between 2021 and 2022 were Vietnam ($8.82M), United Arab Emirates ($3.52M), and Czechia ($2.46M).

COMPANIES In 2023, leading companies such as CNH Industrial (140), CrimsonLogic (73), and ZF Friedrichshafen (66) were at the forefront of shipping Padlocks from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Padlocks exports accounted up to $450M and imports accounted up to $36.4M, resulting in a positive trade balance of $414M. Between July 2023 and July 2024 the exports of China's   Padlocks have decreased by $-12.3M (-2.66%) from $463M to $450M, while imports increased by $207k (0.57%) from $36.2M to $36.4M.

Destinations In July 2024, Padlocks were exported mostly to United States ($83.8M), Mexico ($22.2M), United Kingdom ($16.7M), Germany ($15.9M), and Vietnam ($15.5M), and were imported mostly from Germany ($5.92M), Czechia ($4.03M), United States ($2.65M), Vietnam ($2.51M), and Chinese Taipei ($2.31M).

Growth In July 2024, the decrease in Padlocks's year-by-year exports was explained primarily by a decrease in exports to United States ($-11.2M or -12.2%), Hong Kong ($-6.5M or -65.7%), and Indonesia ($-6.1M or -28.2%). In July 2024, the increase in Padlocks's year-by-year imports was explained primarily by an increase in imports from Vietnam ($2.69M or 108%), Australia ($126k or 54.6%), and Sweden ($99.5k or 68.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-12.3M(-2.66%)
IMPORT GROWTH (July 2023 - July 2024)$207k(0.57%)
MAIN EXPORTER (July 2024)Zhejiang Province$218M
MAIN DESTINATION (July 2024)United States$83.8M

This section shows Padlocks'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 Padlocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.34B
IMPORTS (2022)$352M
NET TRADE (2022)$4.99B

In 2022, China exported $5.34B in Padlocks. The main destinations of China exports on Padlocks were United States ($939M), Mexico ($283M), Germany ($230M), Vietnam ($188M), and United Kingdom ($181M).

In 2022, China imported $352M in Padlocks, mainly from Germany ($136M), Chinese Taipei ($33.5M), Japan ($25.3M), United States ($23.4M), and Vietnam ($19M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$108M (13%)
Germany$55.3M (31.5%)
Singapore$46.1M (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY China WERE (2021 - 2022):
Hong Kong-$90.8M (-60.6%)
United Kingdom-$16.9M (-8.53%)
Belgium-$10.9M (-26.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Padlocks were:
Germany $1.37B
Mexico $1.27B
In 2022, China's main importing competitors in Padlocks were:
United States $3.22B
Germany $1.14B
Mexico $800M

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $75M
TOP IMPORT POTENTIALVietnam+ $18.7M

Padlocks’s highest export potential is United States. With an export gap of $75M.   Padlocks’s highest import potential is Vietnam with an import gap of $18.7M.

See methodology.

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