2022
Exports
$5.61BWorld Rnk 2 / 214
Flag Rnk 123 / 1216
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$3.47BWorld Rnk 2 / 223
Flag Rnk 97 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.61B in Thermostats, making it the 2nd largest exporter of Thermostats in the world. At the same year, Thermostats was the 123rd most exported product in China. The main destination of Thermostats exports from China are: Hong Kong ($526M), United States ($503M), Japan ($491M), Germany ($381M), and South Korea ($271M).

The fastest growing export markets for Thermostats of China between 2021 and 2022 were Russia ($81M), Mexico ($70.4M), and Singapore ($60.7M).

Imports In 2022, China imported $3.47B in Thermostats, becoming the 2nd largest importer of Thermostats in the world. At the same year, Thermostats was the 97th most imported product in China. China imports Thermostats primarily from: Japan ($1.52B), Germany ($526M), United States ($330M), South Korea ($199M), and China ($104M).

The fastest growing import markets in Thermostats for China between 2021 and 2022 were United States ($34.8M), Hong Kong ($22.8M), and Malaysia ($13M).

COMPANIES In 2023, leading companies such as MAHLE GMBH (74), ELECTROLUX HOME PRODUCTS INC (11), and GLOBAL ETRADE SERVICES INC (10) were at the forefront of shipping Thermostats from China to the United States.

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-136M(-26.6%)
IMPORT GROWTH (March 2023 - March 2024)$42.3M(9.61%)
MAIN EXPORTER (March 2024)Guangdong Province$85.6M
MAIN DESTINATION (March 2024)United States$49.8M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.61B
IMPORTS (2022)$3.47B
NET TRADE (2022)$2.14B

In 2022, China exported $5.61B in Thermostats. The main destinations of China exports on Thermostats were Hong Kong ($526M), United States ($503M), Japan ($491M), Germany ($381M), and South Korea ($271M).

In 2022, China imported $3.47B in Thermostats, mainly from Japan ($1.52B), Germany ($526M), United States ($330M), South Korea ($199M), and China ($104M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$81M (54.9%)
Mexico$70.4M (49.5%)
Singapore$60.7M (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY China WERE (2021 - 2022):
Hong Kong-$226M (-30.1%)
Thailand-$53.1M (-27.3%)
China-$27.1M (-20.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Thermostats were:
Japan $5.66B
Germany $4.45B
In 2022, China's main importing competitors in Thermostats were:

Explore Visualizations

Trade Value of Thermostats by Exporters

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