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2022
Exports $19.8BWorld Rnk 5 / 216
Flag Rnk 33 / 1216
2022
Destination $713M United States
2021 - 2022
FASTEST GROWING MARKET $713MSingapore
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.9Rnk 10 / 1025
2022
Imports $40.8BWorld Rnk 1 / 225
Flag Rnk 9 / 1212
2022
Origin $3.87B Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.87BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $19.8B in Machinery Having Individual Functions, making it the 5th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 33rd most exported product in China. The main destination of Machinery Having Individual Functions exports from China are: United States ($2.25B), Singapore ($1.69B), Vietnam ($1.38B), Japan ($1.06B), and India ($931M).

The fastest growing export markets for Machinery Having Individual Functions of China between 2021 and 2022 were Singapore ($713M), United States ($441M), and Vietnam ($250M).

Imports In 2022, China imported $40.8B in Machinery Having Individual Functions, becoming the 1st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 9th most imported product in China. China imports Machinery Having Individual Functions primarily from: Japan ($13.1B), United States ($5.7B), Singapore ($5.54B), South Korea ($5.39B), and Germany ($2.68B).

The fastest growing import markets in Machinery Having Individual Functions for China between 2021 and 2022 were United States ($3.87B), Japan ($3.63B), and Singapore ($2.44B).

COMPANIES In 2023, leading companies such as Atekcity (435), CrimsonLogic (406), and Ameziel (175) were at the forefront of shipping Machinery Having Individual Functions from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Machinery Having Individual Functions exports accounted up to $1.61B and imports accounted up to $816M, resulting in a positive trade balance of $792M. Between September 2023 and September 2024 the exports of China's   Machinery Having Individual Functions have increased by $549M (51.8%) from $1.06B to $1.61B, while imports decreased by $-88.3M (-9.76%) from $904M to $816M.

Destinations In September 2024, Machinery Having Individual Functions were exported mostly to Norway ($283M), Russia ($155M), United States ($119M), Vietnam ($116M), and India ($84.7M), and were imported mostly from Japan ($286M), Germany ($148M), South Korea ($91.8M), United States ($52.8M), and Chinese Taipei ($44M).

Growth In September 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Canada ($65.1M or 733%), Australia ($38.3M or 219%), and Mexico ($21.4M or 87.2%). In September 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-128M or -99.9%), Japan ($-93.3M or -27%), and South Korea ($-60.8M or -39.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$549M(51.8%)
IMPORT GROWTH (September 2023 - September 2024)$-88.3M(-9.76%)
MAIN EXPORTER (September 2024)Jiangsu Province$338M
MAIN DESTINATION (September 2024)Norway$283M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.8B
IMPORTS (2022)$40.8B
NET TRADE (2022)-$21.1B

In 2022, China exported $19.8B in Machinery Having Individual Functions. The main destinations of China exports on Machinery Having Individual Functions were United States ($2.25B), Singapore ($1.69B), Vietnam ($1.38B), Japan ($1.06B), and India ($931M).

In 2022, China imported $40.8B in Machinery Having Individual Functions, mainly from Japan ($13.1B), United States ($5.7B), Singapore ($5.54B), South Korea ($5.39B), and Germany ($2.68B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$713M (73.1%)
United States$441M (24.4%)
Vietnam$250M (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY China WERE (2021 - 2022):
Hong Kong-$393M (-35.3%)
China-$223M (-25.1%)
Pakistan-$53.3M (-39.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Machinery Having Individual Functions were:
Japan $38.5B
United States $33.1B
Germany $20.9B
In 2022, China's main importing competitors in Machinery Having Individual Functions were:
United States $26B
South Korea $22.1B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $456M
TOP IMPORT POTENTIALSouth Korea+ $268M

Machinery Having Individual Functions’s highest export potential is India. With an export gap of $456M.   Machinery Having Individual Functions’s highest import potential is South Korea with an import gap of $268M.

See methodology.

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