HS Icon Interchangeable Tool Parts in  Flag China

2019
Exports | Imports
: $3.8B | $1.47B, World Rnk 2 / 207
Flag Rnk 133 / 1216 | World Rnk 3 / 221
Flag Rnk 148 / 1212

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $57.7M | $6.66M, Hong Kong |  Sweden

2019
ECONOMIC COMPLEXITY of China
: 1, Rnk 30 / 147

2019
PRODUCT COMPLEXITY  IN Interchangeable Tool Parts
: 1.78, Rnk 21 / 1029

Exports In 2019, China exported $3.8B in Interchangeable Tool Parts, making it the 2nd largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 133rd most exported product in China. The main destination of Interchangeable Tool Parts exports from China are: United States ($708M), Germany ($348M), Japan ($192M), Hong Kong ($168M), and Mexico ($168M).

The fastest growing export markets for Interchangeable Tool Parts of China between 2018 and 2019 were Hong Kong ($57.7M), Japan ($28M), and Thailand ($19.7M).

Imports In 2019, China imported $1.47B in Interchangeable Tool Parts, becoming the 3rd largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 148th most imported product in China. China imports Interchangeable Tool Parts primarily from: Japan ($409M), Germany ($364M), South Korea ($232M), Chinese Taipei ($162M), and United States ($68.1M).

The fastest growing import markets in Interchangeable Tool Parts for China between 2018 and 2019 were Sweden ($6.66M), Canada ($4.68M), and Netherlands ($4.44M).

Tariffs In 2018, the average tariff for China in Interchangeable Tool Parts was 6.27%. The countries with the highest import tariffs for Interchangeable Tool Parts were Burkina Faso (Most Favoured Nation duty rate treatement, 8%), Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 8%).

July 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2020 - July 2021): $92.9M, (32.8%)

IMPORT GROWTH (July 2020 - July 2021): $-2.15M, (-1.84%)

MAIN EXPORTER (July 2021): Jiangsu Province, $85.6M

MAIN DESTINATION (July 2021): United States, $70.1M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

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EXPORTS (2019): $3.8B

IMPORTS (2019): $1.47B

NET TRADE (2019): $2.33B

In 2019, China exported $3.8B in Interchangeable Tool Parts. The main destinations of China exports on Interchangeable Tool Parts were United States ($708M), Germany ($348M), Japan ($192M), Hong Kong ($168M), and Mexico ($168M).

In 2019, China imported $1.47B in Interchangeable Tool Parts, mainly from Japan ($409M), Germany ($364M), South Korea ($232M), Chinese Taipei ($162M), and United States ($68.1M).

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IN 2019, China HAD A POSITIVE NET TRADE IN Interchangeable Tool Parts WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Interchangeable Tool Parts WITH:

Flow

THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR China WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY China WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, China's main exporting competitors in Interchangeable Tool Parts were:

In 2019, China's main importing competitors in Interchangeable Tool Parts were:

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Tariffs by Country

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In 2018, the average tariff for China in Interchangeable Tool Parts was 6.27%.

The countries with the highest tariffs for Interchangeable Tool Parts in China were Burkina Faso (Most Favoured Nation duty rate treatement, 8%), Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 8%).