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2022
Exports $5.61BWorld Rnk 2 / 214
Flag Rnk 123 / 1216
2022
Destination $81M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $81MRussia
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $3.47BWorld Rnk 2 / 223
Flag Rnk 97 / 1212
2022
Origin $34.8M Japan
2021 - 2022
FASTEST GROWING ORIGIN $34.8MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.61B in Thermostats, making it the 2nd largest exporter of Thermostats in the world. At the same year, Thermostats was the 123rd most exported product in China. The main destination of Thermostats exports from China are: Hong Kong ($526M), United States ($503M), Japan ($491M), Germany ($381M), and South Korea ($271M).

The fastest growing export markets for Thermostats of China between 2021 and 2022 were Russia ($81M), Mexico ($70.4M), and Singapore ($60.7M).

Imports In 2022, China imported $3.47B in Thermostats, becoming the 2nd largest importer of Thermostats in the world. At the same year, Thermostats was the 97th most imported product in China. China imports Thermostats primarily from: Japan ($1.52B), Germany ($526M), United States ($330M), South Korea ($199M), and China ($104M).

The fastest growing import markets in Thermostats for China between 2021 and 2022 were United States ($34.8M), Hong Kong ($22.8M), and Malaysia ($13M).

COMPANIES In 2023, leading companies such as Mahle Behr (75), Electrolux (11), and CrimsonLogic (10) were at the forefront of shipping Thermostats from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Thermostats exports accounted up to $397M and imports accounted up to $409M, resulting in a negative trade balance of $12.9M. Between October 2023 and October 2024 the exports of China's   Thermostats have increased by $53.4M (15.6%) from $343M to $397M, while imports decreased by $-1.6M (-0.39%) from $411M to $409M.

Destinations In October 2024, Thermostats were exported mostly to United States ($38.3M), Russia ($32.6M), South Korea ($30.1M), Japan ($25.4M), and India ($19.5M), and were imported mostly from Japan ($115M), Germany ($81.3M), United States ($56M), South Korea ($16.5M), and France ($14.2M).

Growth In October 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($20M or 53.9%), Mexico ($7.38M or 50.5%), and United Arab Emirates ($7.02M or 151%). In October 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Japan ($-71.5M or -37%), Singapore ($-8.6M or -81.2%), and Mexico ($-7.83M or -49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$53.4M(15.6%)
IMPORT GROWTH (October 2023 - October 2024)$-1.6M(-0.39%)
MAIN EXPORTER (October 2024)Guangdong Province$99M
MAIN DESTINATION (October 2024)United States$38.3M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.61B
IMPORTS (2022)$3.47B
NET TRADE (2022)$2.14B

In 2022, China exported $5.61B in Thermostats. The main destinations of China exports on Thermostats were Hong Kong ($526M), United States ($503M), Japan ($491M), Germany ($381M), and South Korea ($271M).

In 2022, China imported $3.47B in Thermostats, mainly from Japan ($1.52B), Germany ($526M), United States ($330M), South Korea ($199M), and China ($104M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$81M (54.9%)
Mexico$70.4M (49.5%)
Singapore$60.7M (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY China WERE (2021 - 2022):
Hong Kong-$226M (-30.1%)
Thailand-$53.1M (-27.3%)
China-$27.1M (-20.7%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Thermostats were:
Japan $5.66B
Germany $4.45B
In 2022, China's main importing competitors in Thermostats were:
United States $6.78B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $200M
TOP IMPORT POTENTIALGermany+ $92.6M

Thermostats’s highest export potential is United States. With an export gap of $200M.   Thermostats’s highest import potential is Germany with an import gap of $92.6M.

See methodology.

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