Overview In July 2021 China's Interchangeable Tool Parts exports accounted up to $376M and imports accounted up to $115M, resulting in a positive trade balance of $262M. Between July 2020 and July 2021 the exports of China's Interchangeable Tool Parts have increased by $92.9M (32.8%) from $283M to $376M, while imports decreased by $-2.15M (-1.84%) from $117M to $115M.
Destinations In July 2021, Interchangeable Tool Parts were exported mostly to United States ($70.1M), Germany ($33.1M), Russia ($20.4M), Japan ($18M), and South Korea ($15.7M), and were imported mostly from Japan ($40.3M), Germany ($19.6M), Taiwan ($16.7M), South Korea ($11.3M), and United States ($6.81M).
Growth In July 2021, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Poland ($9.73M or 188%), Russia ($9.64M or 89.4%), and United States ($9.43M or 15.5%). In July 2021, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-4.37M or -27.9%), Taiwan ($-2.56M or -13.3%), and China ($-1.22M or -40.8%).