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2023
Exports $5.12BWorld Rnk 1 / 207
Flag Rnk 119 / 1215
2023
Destination $91.7M United States
2022 - 2023
FASTEST GROWING MARKET $91.7MNetherlands
2023
PRODUCT COMPLEXITY IN Thermostats1.17Rnk 113 / 1025
2023
Imports $3.54BWorld Rnk 2 / 223
Flag Rnk 92 / 1214
2023
Origin $147M Japan
2022 - 2023
FASTEST GROWING ORIGIN $147MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $5.12B in Thermostats, making it the 1st largest exporter of Thermostats in the world. At the same year, Thermostats was the 119th most exported product in China. The main destination of Thermostats exports from China are: United States ($478M), Japan ($353M), South Korea ($347M), Germany ($307M), and Hong Kong ($304M).

The fastest growing export markets for Thermostats of China between 2022 and 2023 were Netherlands ($91.7M), South Korea ($77.2M), and United Kingdom ($36.7M).

Imports In 2023, China imported $3.54B in Thermostats, becoming the 2nd largest importer of Thermostats in the world. At the same year, Thermostats was the 92nd most imported product in China. China imports Thermostats primarily from: Japan ($1.07B), Germany ($653M), United States ($445M), South Korea ($156M), and Chinese Taipei ($117M).

The fastest growing import markets in Thermostats for China between 2022 and 2023 were Germany ($147M), Vietnam ($20.4M), and France ($19M).

COMPANIES In 2024, leading companies such as Ford Motor Company (31), Electrolux (14), and Volkswagen (6) were at the forefront of shipping Thermostats from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Thermostats exports accounted up to $474M and imports accounted up to $445M, resulting in a positive trade balance of $29.5M. Between December 2023 and December 2024 the exports of China's   Thermostats have increased by $64M (15.6%) from $410M to $474M, while imports decreased by $-4.33M (-0.96%) from $449M to $445M.

Destinations In December 2024, Thermostats were exported mostly to United States ($44.9M), Russia ($44.7M), South Korea ($33M), Japan ($23.9M), and India ($22.2M), and were imported mostly from Germany ($106M), Japan ($94.8M), United States ($62.5M), South Korea ($18.5M), and Romania ($15.5M).

Growth In December 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to Russia ($11M or 124%), Czechia ($6.17M or 781%), and South Korea ($5.3M or 22%). In December 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Japan ($-26.8M or -22%), Romania ($-6.9M or -44.2%), and France ($-3.67M or -31.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$64M(15.6%)
IMPORT GROWTH (December 2023 - December 2024)$-4.33M(-0.96%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$44.9M

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 (2023)$5.12B
IMPORTS (2023)$3.54B
NET TRADE (2023)$1.58B

In 2023, China exported $5.12B in Thermostats. The main destinations of China exports on Thermostats were United States ($478M), Japan ($353M), South Korea ($347M), Germany ($307M), and Hong Kong ($304M).

In 2023, China imported $3.54B in Thermostats, mainly from Japan ($1.07B), Germany ($653M), United States ($445M), South Korea ($156M), and Chinese Taipei ($117M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR China WERE (2022 - 2023):
Netherlands$91.7M (80.4%)
South Korea$77.2M (28.6%)
United Kingdom$36.7M (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY China WERE (2022 - 2023):
Japan-$302M (-46.1%)
Germany-$201M (-39.6%)
Chinese Taipei-$122M (-61.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Thermostats were:
Germany $4.8B
United States $4.21B
In 2023, China's main importing competitors in Thermostats were:
United States $4.89B
Germany $3.04B

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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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