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2023
Exports $11.2BWorld Rnk 2 / 221
Flag Rnk 62 / 1215
2023
Destination $222M United States
2022 - 2023
FASTEST GROWING MARKET $222MRussia
2023
PRODUCT COMPLEXITY IN Transmissions1.42Rnk 57 / 1025
2023
Imports $5.17BWorld Rnk 3 / 224
Flag Rnk 61 / 1214
2023
Origin $26.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $26.1MBelgium
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $11.2B in Transmissions, making it the 2nd largest exporter of Transmissions in the world. At the same year, Transmissions was the 62nd most exported product in China. The main destination of Transmissions exports from China are: United States ($1.45B), Germany ($885M), India ($741M), Mexico ($700M), and Japan ($665M).

The fastest growing export markets for Transmissions of China between 2022 and 2023 were Russia ($222M), Australia ($62.4M), and United Kingdom ($53.4M).

Imports In 2023, China imported $5.17B in Transmissions, becoming the 3rd largest importer of Transmissions in the world. At the same year, Transmissions was the 61st most imported product in China. China imports Transmissions primarily from: Germany ($1.47B), Japan ($903M), Chinese Taipei ($725M), United States ($598M), and South Korea ($334M).

The fastest growing import markets in Transmissions for China between 2022 and 2023 were Belgium ($26.1M), United States ($23.5M), and Netherlands ($13.1M).

COMPANIES In 2024, leading companies such as Schaeffler Group (156), SKF Group (127), and CrimsonLogic (105) were at the forefront of shipping Transmissions from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Transmissions exports accounted up to $953M and imports accounted up to $446M, resulting in a positive trade balance of $507M. Between December 2023 and December 2024 the exports of China's   Transmissions have increased by $119M (14.2%) from $835M to $953M, while imports increased by $8.91M (2.04%) from $437M to $446M.

Destinations In December 2024, Transmissions were exported mostly to United States ($123M), India ($77.8M), Russia ($60.8M), Germany ($53.3M), and Japan ($53M), and were imported mostly from Germany ($102M), Japan ($88.3M), United States ($53.8M), Chinese Taipei ($35.8M), and South Korea ($33.5M).

Growth In December 2024, the increase in Transmissions's year-by-year exports was explained primarily by an increase in exports to India ($21.8M or 39.2%), Russia ($17.8M or 49.4%), and Mexico ($9.11M or 23.9%). In December 2024, the increase in Transmissions's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($6.78M or 22.3%), Germany ($6.19M or 6.47%), and Austria ($3.92M or 72.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$119M(14.2%)
IMPORT GROWTH (December 2023 - December 2024)$8.91M(2.04%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$123M

This section shows Transmissions'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 Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.2B
IMPORTS (2023)$5.17B
NET TRADE (2023)$6.08B

In 2023, China exported $11.2B in Transmissions. The main destinations of China exports on Transmissions were United States ($1.45B), Germany ($885M), India ($741M), Mexico ($700M), and Japan ($665M).

In 2023, China imported $5.17B in Transmissions, mainly from Germany ($1.47B), Japan ($903M), Chinese Taipei ($725M), United States ($598M), and South Korea ($334M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$222M (75.9%)
Australia$62.4M (43.7%)
United Kingdom$53.4M (19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY China WERE (2022 - 2023):
United States-$462M (-24.1%)
Germany-$182M (-17.1%)
Italy-$113M (-19.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Transmissions were:
Germany $13.5B
United States $8.08B
In 2023, China's main importing competitors in Transmissions were:
United States $10.9B
Germany $6.88B

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Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $409M
TOP IMPORT POTENTIALUnited States+ $162M

Transmissions’s highest export potential is India. With an export gap of $409M.   Transmissions’s highest import potential is United States with an import gap of $162M.

See methodology.

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