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2022
Exports $413MWorld Rnk 1 / 118
Flag Rnk 612 / 1216
2022
Destination $24M Indonesia
2021 - 2022
FASTEST GROWING MARKET $24MIndonesia
2022
PRODUCT COMPLEXITY IN Leather Machinery0.25Rnk 472 / 1025
2022
Imports $53MWorld Rnk 5 / 183
Flag Rnk 775 / 1212
2022
Origin $1.1M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.1MChinese Taipei
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $413M in Leather Machinery, making it the 1st largest exporter of Leather Machinery in the world. At the same year, Leather Machinery was the 612th most exported product in China. The main destination of Leather Machinery exports from China are: Indonesia ($77.7M), Vietnam ($75M), India ($47.3M), Bangladesh ($35M), and Cambodia ($29.2M).

The fastest growing export markets for Leather Machinery of China between 2021 and 2022 were Indonesia ($24M), India ($15.3M), and Bangladesh ($14.6M).

Imports In 2022, China imported $53M in Leather Machinery, becoming the 5th largest importer of Leather Machinery in the world. At the same year, Leather Machinery was the 775th most imported product in China. China imports Leather Machinery primarily from: Italy ($38.6M), Chinese Taipei ($5.9M), Germany ($3.15M), South Korea ($984k), and France ($968k).

The fastest growing import markets in Leather Machinery for China between 2021 and 2022 were Chinese Taipei ($1.1M), Vietnam ($709k), and Switzerland ($349k).

COMPANIES In 2023, leading companies such as Walmart (113), Reebok (70), and Michael Kors (58) were at the forefront of shipping Leather Machinery from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Leather Machinery exports accounted up to $40M and imports accounted up to $2.84M, resulting in a positive trade balance of $37.2M. Between October 2023 and October 2024 the exports of China's   Leather Machinery have increased by $15.3M (61.7%) from $24.8M to $40M, while imports increased by $955k (50.5%) from $1.89M to $2.84M.

Destinations In October 2024, Leather Machinery were exported mostly to Vietnam ($17.2M), Indonesia ($6.37M), Cambodia ($4.21M), India ($1.91M), and Bangladesh ($1.27M), and were imported mostly from Italy ($2.33M), Romania ($278k), Germany ($107k), France ($73.9k), and Turkey ($31.3k).

Growth In October 2024, the increase in Leather Machinery's year-by-year exports was explained primarily by an increase in exports to Turkey ($1.27M or 347%), United States ($1.05M or 316%), and Mexico ($1.05M or 348%). In October 2024, the increase in Leather Machinery's year-by-year imports was explained primarily by an increase in imports from Italy ($508k or 29%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$15.3M(61.7%)
IMPORT GROWTH (October 2023 - October 2024)$955k(50.5%)
MAIN EXPORTER (October 2024)Guangdong Province$20.2M
MAIN DESTINATION (October 2024)Vietnam$17.2M

This section shows Leather 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 Leather Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$413M
IMPORTS (2022)$53M
NET TRADE (2022)$360M

In 2022, China exported $413M in Leather Machinery. The main destinations of China exports on Leather Machinery were Indonesia ($77.7M), Vietnam ($75M), India ($47.3M), Bangladesh ($35M), and Cambodia ($29.2M).

In 2022, China imported $53M in Leather Machinery, mainly from Italy ($38.6M), Chinese Taipei ($5.9M), Germany ($3.15M), South Korea ($984k), and France ($968k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$24M (44.6%)
India$15.3M (47.7%)
Bangladesh$14.6M (71.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Machinery BY China WERE (2021 - 2022):
Vietnam-$11.6M (-13.4%)
Chinese Taipei-$3.27M (-49.9%)
South Korea-$2.93M (-50.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Leather Machinery were:
Italy $320M
Chinese Taipei $104M
In 2022, China's main importing competitors in Leather Machinery were:
Indonesia $152M
Vietnam $139M
India $82.1M

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Trade Value of Leather Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.3M
TOP IMPORT POTENTIALSouth Korea+ $1.04M

Leather Machinery’s highest export potential is India. With an export gap of $10.3M.   Leather Machinery’s highest import potential is South Korea with an import gap of $1.04M.

See methodology.

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