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2023
Exports $155MWorld Rnk 1 / 133
Flag Rnk 807 / 1215
2023
Destination $4.6M United States
2022 - 2023
FASTEST GROWING MARKET $4.6MMalaysia
2023
Imports $3.5MWorld Rnk 25 / 209
Flag Rnk 1092 / 1214
2023
Origin $237k United States
2022 - 2023
FASTEST GROWING ORIGIN $237kJapan
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $155M in Time Recording Instruments, making it the 1st largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 807th most exported product in China. The main destination of Time Recording Instruments exports from China are: United States ($20.1M), Malaysia ($17.9M), Japan ($16.7M), Germany ($10.8M), and South Korea ($7.29M).

The fastest growing export markets for Time Recording Instruments of China between 2022 and 2023 were Malaysia ($4.6M), Germany ($3.17M), and Mexico ($2.04M).

Imports In 2023, China imported $3.5M in Time Recording Instruments, becoming the 25th largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 1092nd most imported product in China. China imports Time Recording Instruments primarily from: United States ($504k), Philippines ($412k), Japan ($335k), Indonesia ($285k), and Germany ($263k).

The fastest growing import markets in Time Recording Instruments for China between 2022 and 2023 were Japan ($237k), United States ($213k), and Philippines ($198k).

COMPANIES In 2024, leading companies such as Mystic Apparel (10), ALDI Grocery Stores (4), and Melissa & Doug (1) were at the forefront of shipping Time Recording Instruments from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Time Recording Instruments exports accounted up to $54.5M and imports accounted up to $445k, resulting in a positive trade balance of $54M. Between December 2023 and December 2024 the exports of China's   Time Recording Instruments have increased by $37.2M (216%) from $17.3M to $54.5M, while imports increased by $31.8k (7.7%) from $413k to $445k.

Destinations In December 2024, Time Recording Instruments were exported mostly to Russia ($38.5M), United States ($3.37M), Japan ($1.56M), Malaysia ($1.56M), and Singapore ($1.51M), and were imported mostly from China ($167k), United States ($57k), Germany ($44.5k), Chinese Taipei ($30.3k), and Philippines ($30.2k).

Growth In December 2024, the increase in Time Recording Instruments's year-by-year exports was explained primarily by an increase in exports to United States ($911k or 32.8%), South Korea ($519k or 115%), and Hong Kong ($346k or 115%). In December 2024, the increase in Time Recording Instruments's year-by-year imports was explained primarily by an increase in imports from Philippines ($60k or 768%), China ($35.1k or 324%), and Switzerland ($23.8k or 636%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$37.2M(216%)
IMPORT GROWTH (December 2023 - December 2024)$31.8k(7.7%)
MAIN EXPORTER (December 2024)Anhui Province$50.6M
MAIN DESTINATION (December 2024)Russia$38.5M

This section shows Time Recording 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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$155M
IMPORTS (2023)$3.5M
NET TRADE (2023)$151M

In 2023, China exported $155M in Time Recording Instruments. The main destinations of China exports on Time Recording Instruments were United States ($20.1M), Malaysia ($17.9M), Japan ($16.7M), Germany ($10.8M), and South Korea ($7.29M).

In 2023, China imported $3.5M in Time Recording Instruments, mainly from United States ($504k), Philippines ($412k), Japan ($335k), Indonesia ($285k), and Germany ($263k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$4.6M (34.7%)
Germany$3.17M (41.5%)
Mexico$2.04M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY China WERE (2022 - 2023):
Japan-$7.15M (-30%)
United States-$6.14M (-23.4%)
Singapore-$2.2M (-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 Time Recording Instruments were:
France $34.6M
United States $25M
In 2023, China's main importing competitors in Time Recording Instruments were:
United States $42.4M
Japan $26.2M
Germany $24M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.06M
TOP IMPORT POTENTIALUnited States+ $185k

Time Recording Instruments’s highest export potential is India. With an export gap of $2.06M.   Time Recording Instruments’s highest import potential is United States with an import gap of $185k.

See methodology.

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