Artificial Textile Machinery in China 2020 Exports | Imports : $239M | $303M, World Rnk 2 / 83 Rnk 658 / 1215 | World Rnk 1 / 160 Rnk 413 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $34.8M | $9.16M, Japan | Italy
Exports In 2020, China exported $239M in Artificial Textile Machinery, making it the 2nd largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 658th most exported product in China. The main destination of Artificial Textile Machinery exports from China are: Japan ($67.1M), Turkey ($58.7M), India ($19.2M), Vietnam ($14.1M), and Iran ($13.3M).
The fastest growing export markets for Artificial Textile Machinery of China between 2019 and 2020 were Japan ($34.8M), Iran ($7.41M), and South Korea ($3.21M).
Imports In 2020, China imported $303M in Artificial Textile Machinery, becoming the 1st largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 413th most imported product in China. China imports Artificial Textile Machinery primarily from: Germany ($191M), Japan ($82.6M), Italy ($14M), United States ($6.44M), and South Korea ($6.42M).
The fastest growing import markets in Artificial Textile Machinery for China between 2019 and 2020 were Italy ($9.16M), United States ($5.18M), and United Kingdom ($646k).
Tariffs In 2018, the average tariff for China in Artificial Textile Machinery was 7.89%. The countries with the highest import tariffs for Artificial Textile Machinery were Burkina Faso (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).
November 2021
Overview In November 2021 China's Artificial Textile Machinery exports accounted up to $24.8M and imports accounted up to $106M, resulting in a negative trade balance of $80.8M. Between November 2020 and November 2021 the exports of China's Artificial Textile Machinery have increased by $522k (2.15%) from $24.3M to $24.8M, while imports decreased by $-2.65M (-2.45%) from $108M to $106M.
Destinations In November 2021, Artificial Textile Machinery were exported mostly to Vietnam ($6.21M), Turkey ($4.65M), Japan ($2.87M), India ($2.43M), and Brazil ($2.16M), and were imported mostly from Germany ($76.8M), Japan ($27.1M), Taiwan ($1.04M), United States ($367k), and Switzerland ($285k).
Growth In November 2021, the increase in Artificial Textile Machinery's year-by-year exports was explained primarily by an increase in exports to Japan ($11.6M or 1.71k%), Egypt ($1.18M or 15.9k%), and Thailand ($1.11M or 564%). In November 2021, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from Japan ($-7.08M or -27.5%), United States ($-1.47M or -44.6%), and Taiwan ($-352k or -96.1%).
EXPORT GROWTH (November 2020 - November 2021): $522k, (2.15%)
IMPORT GROWTH (November 2020 - November 2021): $-2.65M, (-2.45%)
MAIN EXPORTER (November 2021): Jiangsu Province, $14.8M
MAIN DESTINATION (November 2021): Vietnam, $6.21M
This section shows Artificial Textile Machinery'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 Artificial Textile Machinery over time.
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EXPORTS (2020): $239M
IMPORTS (2020): $303M
NET TRADE (2020): -$64.5M
In 2020, China exported $239M in Artificial Textile Machinery. The main destinations of China exports on Artificial Textile Machinery were Japan ($67.1M), Turkey ($58.7M), India ($19.2M), Vietnam ($14.1M), and Iran ($13.3M).
In 2020, China imported $303M in Artificial Textile Machinery, mainly from Germany ($191M), Japan ($82.6M), Italy ($14M), United States ($6.44M), and South Korea ($6.42M).
IN 2020, China HAD A POSITIVE NET TRADE IN Artificial Textile Machinery WITH:
IN 2020, China HAD A NEGATIVE NET TRADE IN Artificial Textile Machinery WITH:
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY China WERE (2019 - 2020):
In 2019, China's main exporting competitors in Artificial Textile Machinery were:
In 2018, the average tariff for China in Artificial Textile Machinery was 7.89%.
The countries with the highest tariffs for Artificial Textile Machinery in China were Burkina Faso (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).
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