NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $4.99BWorld Rnk 1 / 212
Flag Rnk 124 / 1215
2023
Destination $116M United States
2022 - 2023
FASTEST GROWING MARKET $116MRussia
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.77Rnk 16 / 1025
2023
Imports $998MWorld Rnk 4 / 223
Flag Rnk 216 / 1214
2023
Origin $12.2M Germany
2022 - 2023
FASTEST GROWING ORIGIN $12.2MThailand
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $4.99B in Interchangeable Tool Parts, making it the 1st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 124th most exported product in China. The main destination of Interchangeable Tool Parts exports from China are: United States ($542M), Germany ($462M), Mexico ($368M), Russia ($355M), and Canada ($208M).

The fastest growing export markets for Interchangeable Tool Parts of China between 2022 and 2023 were Russia ($116M), Mexico ($102M), and Vietnam ($71.8M).

Imports In 2023, China imported $998M in Interchangeable Tool Parts, becoming the 4th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 216th most imported product in China. China imports Interchangeable Tool Parts primarily from: Germany ($274M), Japan ($259M), Chinese Taipei ($131M), South Korea ($91.2M), and United States ($50.3M).

The fastest growing import markets in Interchangeable Tool Parts for China between 2022 and 2023 were Thailand ($12.2M), Vietnam ($7.69M), and Italy ($5.03M).

COMPANIES In 2024, leading companies such as Robert Bosch (72), Stanley Black & Decker (64), and Conair (51) were at the forefront of shipping Interchangeable Tool Parts from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Interchangeable Tool Parts exports accounted up to $510M and imports accounted up to $82.8M, resulting in a positive trade balance of $427M. Between December 2023 and December 2024 the exports of China's   Interchangeable Tool Parts have increased by $98.2M (23.8%) from $412M to $510M, while imports decreased by $-2.82M (-3.29%) from $85.7M to $82.8M.

Destinations In December 2024, Interchangeable Tool Parts were exported mostly to United States ($80M), Russia ($43.7M), Mexico ($32.1M), Germany ($31.2M), and Vietnam ($23.5M), and were imported mostly from Japan ($21.8M), Germany ($15.8M), Chinese Taipei ($10.9M), South Korea ($8.59M), and United States ($5.95M).

Growth In December 2024, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Vietnam ($9.86M or 126%), United Kingdom ($8.49M or 101%), and United States ($7.28M or 11.1%). In December 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from Germany ($-5.61M or -19.3%), United States ($-2.02M or -44.7%), and Israel ($-549k or -48.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$98.2M(23.8%)
IMPORT GROWTH (December 2023 - December 2024)$-2.82M(-3.29%)
MAIN EXPORTER (December 2024)Jiangsu Province$111M
MAIN DESTINATION (December 2024)United States$80M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$4.99B
IMPORTS (2023)$998M
NET TRADE (2023)$3.99B

In 2023, China exported $4.99B in Interchangeable Tool Parts. The main destinations of China exports on Interchangeable Tool Parts were United States ($542M), Germany ($462M), Mexico ($368M), Russia ($355M), and Canada ($208M).

In 2023, China imported $998M in Interchangeable Tool Parts, mainly from Germany ($274M), Japan ($259M), Chinese Taipei ($131M), South Korea ($91.2M), and United States ($50.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$116M (48.7%)
Mexico$102M (38.4%)
Vietnam$71.8M (55.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY China WERE (2022 - 2023):
United States-$173M (-24.3%)
Germany-$71M (-13.3%)
Canada-$68.4M (-24.7%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Interchangeable Tool Parts were:
Germany $4.03B
United States $1.99B
In 2023, China's main importing competitors in Interchangeable Tool Parts were:
United States $3.05B
Germany $2.21B
Mexico $1.66B

Explore Visualizations

Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $125M
TOP IMPORT POTENTIALSouth Korea+ $46.2M

Interchangeable Tool Parts’s highest export potential is India. With an export gap of $125M.   Interchangeable Tool Parts’s highest import potential is South Korea with an import gap of $46.2M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms