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2022
Exports $18.4BWorld Rnk 1 / 216
Flag Rnk 38 / 1216
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseChile
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $4.2BWorld Rnk 3 / 226
Flag Rnk 85 / 1212
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $18.4B in Electric Motors, making it the 1st largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 38th most exported product in China. The main destination of Electric Motors exports from China are: United States ($2.07B), South Korea ($1.19B), Germany ($1.09B), Mexico ($1.07B), and Japan ($955M).

The fastest growing export markets for Electric Motors of China between 2021 and 2022 were Chile ($306M), Mexico ($239M), and India ($166M).

Imports In 2022, China imported $4.2B in Electric Motors, becoming the 3rd largest importer of Electric Motors in the world. At the same year, Electric Motors was the 85th most imported product in China. China imports Electric Motors primarily from: Germany ($1.01B), Japan ($982M), Vietnam ($243M), United States ($241M), and China ($216M).

COMPANIES In 2023, leading companies such as PACCAR Engine (39), Electrolux (39), and Mahle Behr (34) were at the forefront of shipping Electric Motors from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Electric Motors exports accounted up to $1.31B and imports accounted up to $344M, resulting in a positive trade balance of $964M. Between July 2023 and July 2024 the exports of China's   Electric Motors have increased by $107M (8.94%) from $1.2B to $1.31B, while imports increased by $27.9M (8.84%) from $316M to $344M.

Destinations In July 2024, Electric Motors were exported mostly to United States ($160M), Mexico ($73.6M), Japan ($69.8M), India ($65.4M), and Germany ($64.4M), and were imported mostly from Germany ($78.4M), Japan ($58.6M), Vietnam ($26.7M), Switzerland ($17M), and United States ($16.4M).

Growth In July 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to Algeria ($10.5M or 857%), Turkey ($10M or 25.5%), and Netherlands ($7.44M or 21.5%). In July 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from Hungary ($10.7M or 336%), Serbia ($7.8M or 533%), and Czechia ($1.29M or 11.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$107M(8.94%)
IMPORT GROWTH (July 2023 - July 2024)$27.9M(8.84%)
MAIN EXPORTER (July 2024)Guangdong Province$391M
MAIN DESTINATION (July 2024)United States$160M

This section shows Electric Motors'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 Electric Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.4B
IMPORTS (2022)$4.2B
NET TRADE (2022)$14.2B

In 2022, China exported $18.4B in Electric Motors. The main destinations of China exports on Electric Motors were United States ($2.07B), South Korea ($1.19B), Germany ($1.09B), Mexico ($1.07B), and Japan ($955M).

In 2022, China imported $4.2B in Electric Motors, mainly from Germany ($1.01B), Japan ($982M), Vietnam ($243M), United States ($241M), and China ($216M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR China WERE (2021 - 2022):
Chile$306M (383%)
Mexico$239M (28.6%)
India$166M (30.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY China WERE (2021 - 2022):
Hong Kong-$376M (-43.1%)
Vietnam-$241M (-27.5%)
China-$113M (-34.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric Motors were:
Germany $8.51B
Mexico $4.62B
In 2022, China's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $581M
TOP IMPORT POTENTIALVietnam+ $203M

Electric Motors’s highest export potential is United States. With an export gap of $581M.   Electric Motors’s highest import potential is Vietnam with an import gap of $203M.

See methodology.

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