Cars in China 2022 Exports | Imports : $45.2B | $45.8B, World Rnk 6 / 210 Rnk 12 / 1216 World Rnk 3 / 224 Rnk 8 / 1212
2021 - 2022 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.44B | $969M, Belgium | Germany
2022 ECONOMIC COMPLEXITY of China: 1.01, Rnk 24 / 124
2022 PRODUCT COMPLEXITY IN Cars: 0.97, Rnk 182 / 1025
Exports In 2022, China exported $45.2B in Cars, making it the 6th largest exporter of Cars in the world. At the same year, Cars was the 12th most exported product in China. The main destination of Cars exports from China are: Belgium ($5.47B), United Kingdom ($4.24B), Saudi Arabia ($2.69B), Australia ($2.61B), and United States ($2.54B).
The fastest growing export markets for Cars of China between 2021 and 2022 were Belgium ($2.44B), United Kingdom ($2.16B), and Spain ($1.56B).
Imports In 2022, China imported $45.8B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 8th most imported product in China. China imports Cars primarily from: Germany ($20.5B), Japan ($7.71B), United States ($5.73B), United Kingdom ($4.09B), and Slovakia ($2.34B).
The fastest growing import markets in Cars for China between 2021 and 2022 were Germany ($969M), United Arab Emirates ($428M), and Slovakia ($161M).
COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (45.1k), WAL-MART INC. (1.34k), and COSTCO WHOLESALE COPRORATION (870) were at the forefront of shipping Cars from China to the United States.
February 2024
Overview In February 2024 China's Cars exports accounted up to $5.82B and imports accounted up to $2.59B, resulting in a positive trade balance of $3.24B. Between February 2023 and February 2024 the exports of China's Cars have increased by $533M (10.1%) from $5.29B to $5.82B, while imports decreased by $-365M (-12.4%) from $2.95B to $2.59B.
Destinations In February 2024, Cars were exported mostly to Russia ($659M), Belgium ($435M), United Kingdom ($422M), Brazil ($414M), and Mexico ($320M), and were imported mostly from Germany ($685M), United States ($623M), Japan ($575M), Slovakia ($250M), and United Kingdom ($195M).
Growth In February 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Spain ($395M or 23.8k%), United Kingdom ($277M or 81%), and Thailand ($182M or 427%). In February 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from United States ($-726M or -50.7%), Japan ($-511M or -52.2%), and Germany ($-202M or -13.6%).
EXPORT GROWTH (February 2023 - February 2024): $533M, (10.1%)
IMPORT GROWTH (February 2023 - February 2024): $-365M, (-12.4%)
MAIN EXPORTER (February 2024): Shanghai Province, $1.73B
MAIN DESTINATION (February 2024): Russia, $659M
This section shows Cars'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 Cars over time.
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EXPORTS (2022): $45.2B
IMPORTS (2022): $45.8B
NET TRADE (2022): -$683M
In 2022, China exported $45.2B in Cars. The main destinations of China exports on Cars were Belgium ($5.47B), United Kingdom ($4.24B), Saudi Arabia ($2.69B), Australia ($2.61B), and United States ($2.54B).
In 2022, China imported $45.8B in Cars, mainly from Germany ($20.5B), Japan ($7.71B), United States ($5.73B), United Kingdom ($4.09B), and Slovakia ($2.34B).
In 2022, China's main exporting competitors in Cars were:
In 2022, China's main importing competitors in Cars were:
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