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2023
Exports $289MWorld Rnk 1 / 128
Flag Rnk 675 / 1215
2023
Destination $29.3M Vietnam
2022 - 2023
FASTEST GROWING MARKET $29.3MVietnam
2023
PRODUCT COMPLEXITY IN Leather Machinery0.14Rnk 510 / 1025
2023
Imports $33.6MWorld Rnk 7 / 190
Flag Rnk 831 / 1214
2023
Origin $1.23M Italy
2022 - 2023
FASTEST GROWING ORIGIN $1.23MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $289M in Leather Machinery, making it the 1st largest exporter of Leather Machinery in the world. At the same year, Leather Machinery was the 675th most exported product in China. The main destination of Leather Machinery exports from China are: Vietnam ($97.4M), India ($35.4M), Indonesia ($26.5M), Cambodia ($15.9M), and Bangladesh ($13M).

The fastest growing export markets for Leather Machinery of China between 2022 and 2023 were Vietnam ($29.3M), Russia ($4.02M), and Mexico ($3.21M).

Imports In 2023, China imported $33.6M in Leather Machinery, becoming the 7th largest importer of Leather Machinery in the world. At the same year, Leather Machinery was the 831st most imported product in China. China imports Leather Machinery primarily from: Italy ($22M), Germany ($4.43M), Chinese Taipei ($1.93M), Hong Kong ($1.45M), and United States ($1.14M).

The fastest growing import markets in Leather Machinery for China between 2022 and 2023 were Germany ($1.23M), United States ($812k), and Hong Kong ($581k).

COMPANIES In 2024, leading companies such as Walmart (74), Michael Kors (57), and Reebok (55) were at the forefront of shipping Leather Machinery from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Leather Machinery exports accounted up to $60.1M and imports accounted up to $1.68M, resulting in a positive trade balance of $58.4M. Between December 2023 and December 2024 the exports of China's   Leather Machinery have increased by $25.9M (75.6%) from $34.2M to $60.1M, while imports increased by $450k (36.5%) from $1.23M to $1.68M.

Destinations In December 2024, Leather Machinery were exported mostly to Vietnam ($24.8M), Indonesia ($10.7M), Singapore ($4.06M), India ($3.62M), and Cambodia ($3.54M), and were imported mostly from Italy ($878k), Turkey ($253k), Germany ($196k), China ($194k), and South Korea ($80.6k).

Growth In December 2024, the increase in Leather Machinery's year-by-year exports was explained primarily by an increase in exports to Vietnam ($10.8M or 286%), Cambodia ($2.43M or 274%), and Indonesia ($1.6M or 61.9%). In December 2024, the increase in Leather Machinery's year-by-year imports was explained primarily by an increase in imports from Germany ($35.5k or 51.3%), Thailand ($31.5k or 5.41k%), and Chinese Taipei ($5.18k or 30.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$25.9M(75.6%)
IMPORT GROWTH (December 2023 - December 2024)$450k(36.5%)
MAIN EXPORTER (December 2024)Guangdong Province$20.2M
MAIN DESTINATION (December 2024)Vietnam$24.8M

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 (2023)$289M
IMPORTS (2023)$33.6M
NET TRADE (2023)$255M

In 2023, China exported $289M in Leather Machinery. The main destinations of China exports on Leather Machinery were Vietnam ($97.4M), India ($35.4M), Indonesia ($26.5M), Cambodia ($15.9M), and Bangladesh ($13M).

In 2023, China imported $33.6M in Leather Machinery, mainly from Italy ($22M), Germany ($4.43M), Chinese Taipei ($1.93M), Hong Kong ($1.45M), and United States ($1.14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Leather Machinery EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$29.3M (43%)
Russia$4.02M (143%)
Mexico$3.21M (60.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Machinery BY China WERE (2022 - 2023):
Indonesia-$39.3M (-59.7%)
Bangladesh-$21.9M (-62.7%)
India-$16M (-31.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Leather Machinery were:
Italy $285M
Germany $72.9M
In 2023, China's main importing competitors in Leather Machinery were:
Vietnam $132M
India $65.2M
Indonesia $55.3M

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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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