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Pricing

2023
Destination $59M Indonesia
2022 - 2023
FASTEST GROWING MARKET $59MIndia
2023
PRODUCT COMPLEXITY IN Casting Machines0.64Rnk 309 / 1025
2023
ImportsfalseWorld Rnk 4 / 184
Flag Rnk 514 / 1214
2023
Origin $16.3M Japan
2022 - 2023
FASTEST GROWING ORIGIN $16.3MNorway
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported N/A in Casting Machines, making it the 1st largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 377th most exported product in China. The main destination of Casting Machines exports from China are: Indonesia ($213M), India ($198M), United States ($77.1M), Russia ($64.1M), and Algeria ($56.7M).

The fastest growing export markets for Casting Machines of China between 2022 and 2023 were India ($59M), Indonesia ($58.4M), and Algeria ($47.7M).

Imports In 2023, China imported $190M in Casting Machines, becoming the 4th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 514th most imported product in China. China imports Casting Machines primarily from: Japan ($49.3M), United States ($34.6M), Italy ($25.7M), Norway ($22.4M), and Germany ($19.6M).

The fastest growing import markets in Casting Machines for China between 2022 and 2023 were Norway ($16.3M), Hong Kong ($8.73M), and Bulgaria ($3.08M).

COMPANIES In 2024, leading companies such as ABB Motors and Mechanical (74), CNH Industrial (60), and Toshiba (36) were at the forefront of shipping Casting Machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Casting Machines exports accounted up to $107M and imports accounted up to $9.9M, resulting in a positive trade balance of $97.6M. Between December 2023 and December 2024 the exports of China's   Casting Machines have increased by $33.3M (44.8%) from $74.2M to $107M, while imports increased by $1.27M (14.7%) from $8.63M to $9.9M.

Destinations In December 2024, Casting Machines were exported mostly to Russia ($19M), Vietnam ($14.7M), India ($13M), United States ($5.58M), and Japan ($4.59M), and were imported mostly from Japan ($2.79M), Norway ($2.72M), Czechia ($2.34M), United States ($789k), and Germany ($628k).

Growth In December 2024, the increase in Casting Machines's year-by-year exports was explained primarily by an increase in exports to Vietnam ($9.28M or 398%), Thailand ($8.36M or 579%), and Russia ($5.24M or 261%). In December 2024, the increase in Casting Machines's year-by-year imports was explained primarily by an increase in imports from South Korea ($491k or 4.12k%) and China ($15.5k or 6.97k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$33.3M(44.8%)
IMPORT GROWTH (December 2023 - December 2024)$1.27M(14.7%)
MAIN EXPORTER (December 2024)Jiangsu Province$38.2M
MAIN DESTINATION (December 2024)Russia$19M

This section shows Casting Machines'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 Casting Machines over time.

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Historical Data

Trade Balance

Color
IMPORTS (2023)$190M

In N/A, China exported N/A in Casting Machines. The main destinations of China exports on Casting Machines were Indonesia ($213M), India ($198M), United States ($77.1M), Russia ($64.1M), and Algeria ($56.7M).

In 2023, China imported $190M in Casting Machines, mainly from Japan ($49.3M), United States ($34.6M), Italy ($25.7M), Norway ($22.4M), and Germany ($19.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR China WERE (2022 - 2023):
India$59M (42.4%)
Indonesia$58.4M (37.9%)
Algeria$47.7M (530%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY China WERE (2022 - 2023):
Iran-$69.7M (-72.4%)
Italy-$8.68M (-33.2%)
Thailand-$7.94M (-40.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Casting Machines were:
Italy $396M
Germany $302M
In 2023, China's main importing competitors in Casting Machines were:
United States $468M
India $355M
Indonesia $267M

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $32.2M
TOP IMPORT POTENTIALGermany+ $4.41M

Casting Machines’s highest export potential is India. With an export gap of $32.2M.   Casting Machines’s highest import potential is Germany with an import gap of $4.41M.

See methodology.

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