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2022
Exports $398MWorld Rnk 4 / 161
Flag Rnk 620 / 1216
2022
Destination $7.29M United States
2021 - 2022
FASTEST GROWING MARKET $7.29MUnited States
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines1.51Rnk 48 / 1025
2022
Imports $836MWorld Rnk 1 / 210
Flag Rnk 253 / 1212
2022
Origin $10.9M Japan
2021 - 2022
FASTEST GROWING ORIGIN $10.9MItaly
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $398M in Metal Finishing Machines, making it the 4th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 620th most exported product in China. The main destination of Metal Finishing Machines exports from China are: United States ($37.1M), Vietnam ($33.9M), India ($29.4M), Germany ($28M), and Russia ($24M).

The fastest growing export markets for Metal Finishing Machines of China between 2021 and 2022 were United States ($7.29M), Mexico ($6.72M), and Indonesia ($6.19M).

Imports In 2022, China imported $836M in Metal Finishing Machines, becoming the 1st largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 253rd most imported product in China. China imports Metal Finishing Machines primarily from: Japan ($178M), Germany ($153M), Chinese Taipei ($131M), Switzerland ($118M), and Czechia ($64.9M).

The fastest growing import markets in Metal Finishing Machines for China between 2021 and 2022 were Italy ($10.9M), Chinese Taipei ($8.29M), and Sweden ($4.97M).

COMPANIES In 2023, leading companies such as CrimsonLogic (12), Amazon (2), and Jo-Ann Stores (1) were at the forefront of shipping Metal Finishing Machines from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Metal Finishing Machines exports accounted up to $49.7M and imports accounted up to $49.1M, resulting in a positive trade balance of $683k. Between October 2023 and October 2024 the exports of China's   Metal Finishing Machines have increased by $15.1M (43.7%) from $34.6M to $49.7M, while imports decreased by $-12M (-19.7%) from $61.1M to $49.1M.

Destinations In October 2024, Metal Finishing Machines were exported mostly to Russia ($13.7M), Thailand ($6.34M), Vietnam ($4.13M), India ($3.27M), and United States ($2.54M), and were imported mostly from Japan ($14.7M), Switzerland ($8.81M), Chinese Taipei ($6.53M), Germany ($6.2M), and Italy ($4.14M).

Growth In October 2024, the increase in Metal Finishing Machines's year-by-year exports was explained primarily by an increase in exports to Russia ($1.93M or 87.2%), Chinese Taipei ($1.62M or 224%), and Mexico ($1.46M or 121%). In October 2024, the decrease in Metal Finishing Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-15.5M or -73.3%), Chinese Taipei ($-4.21M or -40.4%), and Thailand ($-3.76M or -88.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$15.1M(43.7%)
IMPORT GROWTH (October 2023 - October 2024)$-12M(-19.7%)
MAIN EXPORTER (October 2024)Jiangsu Province$15.8M
MAIN DESTINATION (October 2024)Russia$13.7M

This section shows Metal Finishing Machines'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 Metal Finishing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$398M
IMPORTS (2022)$836M
NET TRADE (2022)-$438M

In 2022, China exported $398M in Metal Finishing Machines. The main destinations of China exports on Metal Finishing Machines were United States ($37.1M), Vietnam ($33.9M), India ($29.4M), Germany ($28M), and Russia ($24M).

In 2022, China imported $836M in Metal Finishing Machines, mainly from Japan ($178M), Germany ($153M), Chinese Taipei ($131M), Switzerland ($118M), and Czechia ($64.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$7.29M (24.4%)
Mexico$6.72M (79.9%)
Indonesia$6.19M (86.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY China WERE (2021 - 2022):
United Kingdom-$3.27M (-40.5%)
South Korea-$2.96M (-21.1%)
Iran-$2.22M (-59.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metal Finishing Machines were:
Germany $779M
Switzerland $601M
Japan $534M
In 2022, China's main importing competitors in Metal Finishing Machines were:
United States $544M
Germany $295M

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $18.9M
TOP IMPORT POTENTIALIndia+ $8.94M

Metal Finishing Machines’s highest export potential is India. With an export gap of $18.9M.   Metal Finishing Machines’s highest import potential is India with an import gap of $8.94M.

See methodology.

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