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2022
Exports $28.2BWorld Rnk 1 / 225
Flag Rnk 20 / 1216
2022
Destination $464M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $464MMexico
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.56Rnk 342 / 1025
2022
Imports $11.6BWorld Rnk 2 / 226
Flag Rnk 25 / 1212
2022
Origin $114M China
2021 - 2022
FASTEST GROWING ORIGIN $114MHong Kong
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $28.2B in Low-voltage Protection Equipment, making it the 1st largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 20th most exported product in China. The main destination of Low-voltage Protection Equipment exports from China are: Hong Kong ($3.61B), China ($3.11B), United States ($3.1B), Vietnam ($1.6B), and Japan ($1.33B).

The fastest growing export markets for Low-voltage Protection Equipment of China between 2021 and 2022 were Mexico ($464M), Chinese Taipei ($208M), and India ($159M).

Imports In 2022, China imported $11.6B in Low-voltage Protection Equipment, becoming the 2nd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 25th most imported product in China. China imports Low-voltage Protection Equipment primarily from: China ($3.11B), Japan ($2.11B), Germany ($1.97B), South Korea ($798M), and United States ($626M).

The fastest growing import markets in Low-voltage Protection Equipment for China between 2021 and 2022 were Hong Kong ($114M), Malaysia ($81M), and Mexico ($70.4M).

COMPANIES In 2023, leading companies such as TE Connectivity (470), Cloud Network Technology (121), and Costco Wholesale (93) were at the forefront of shipping Low-voltage Protection Equipment from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Low-voltage Protection Equipment exports accounted up to $1.91B and imports accounted up to $1.08B, resulting in a positive trade balance of $836M. Between July 2023 and July 2024 the exports of China's   Low-voltage Protection Equipment have increased by $122M (6.82%) from $1.79B to $1.91B, while imports increased by $49.5M (4.82%) from $1.03B to $1.08B.

Destinations In July 2024, Low-voltage Protection Equipment were exported mostly to Hong Kong ($287M), United States ($232M), Vietnam ($156M), Germany ($82.8M), and Mexico ($76.5M), and were imported mostly from Japan ($241M), China ($222M), Germany ($108M), South Korea ($80.8M), and United States ($50.1M).

Growth In July 2024, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Singapore ($31.1M or 70.4%), Turkey ($10.7M or 45.8%), and Russia ($7.65M or 14.5%). In July 2024, the increase in Low-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Romania ($2M or 23.9%), Slovakia ($1.37M or 61.4%), and Serbia ($1.21M or 158%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$122M(6.82%)
IMPORT GROWTH (July 2023 - July 2024)$49.5M(4.82%)
MAIN EXPORTER (July 2024)Guangdong Province$644M
MAIN DESTINATION (July 2024)Hong Kong$287M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28.2B
IMPORTS (2022)$11.6B
NET TRADE (2022)$16.6B

In 2022, China exported $28.2B in Low-voltage Protection Equipment. The main destinations of China exports on Low-voltage Protection Equipment were Hong Kong ($3.61B), China ($3.11B), United States ($3.1B), Vietnam ($1.6B), and Japan ($1.33B).

In 2022, China imported $11.6B in Low-voltage Protection Equipment, mainly from China ($3.11B), Japan ($2.11B), Germany ($1.97B), South Korea ($798M), and United States ($626M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$464M (54.4%)
Chinese Taipei$208M (28%)
India$159M (31.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY China WERE (2021 - 2022):
China-$1.23B (-28.4%)
Hong Kong-$1.05B (-22.6%)
South Korea-$44.6M (-6.06%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Low-voltage Protection Equipment were:
Germany $16.4B
United States $10.7B
In 2022, China's main importing competitors in Low-voltage Protection Equipment were:
United States $14.8B
Germany $9.72B

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $706M
TOP IMPORT POTENTIALUnited States+ $260M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $706M.   Low-voltage Protection Equipment’s highest import potential is United States with an import gap of $260M.

See methodology.

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