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2023
Exports $2.27BWorld Rnk 2 / 199
Flag Rnk 252 / 1215
2023
Destination $121M United States
2022 - 2023
FASTEST GROWING MARKET $121MRussia
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.42Rnk 61 / 1025
2023
Imports $1.62BWorld Rnk 3 / 218
Flag Rnk 163 / 1214
2023
Origin $43.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $43.3MAustria
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.27B in Metalworking Machine Parts, making it the 2nd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 252nd most exported product in China. The main destination of Metalworking Machine Parts exports from China are: United States ($280M), Japan ($267M), Russia ($177M), Kyrgyzstan ($146M), and India ($125M).

The fastest growing export markets for Metalworking Machine Parts of China between 2022 and 2023 were Russia ($121M), Kyrgyzstan ($117M), and Vietnam ($33.3M).

Imports In 2023, China imported $1.62B in Metalworking Machine Parts, becoming the 3rd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 163rd most imported product in China. China imports Metalworking Machine Parts primarily from: Germany ($430M), Chinese Taipei ($403M), Japan ($256M), United States ($101M), and Italy ($79.2M).

The fastest growing import markets in Metalworking Machine Parts for China between 2022 and 2023 were Austria ($43.3M), Italy ($12.4M), and Germany ($7.85M).

COMPANIES In 2024, leading companies such as CrimsonLogic (559), IKEA Group (396), and Yaheetech (357) were at the forefront of shipping Metalworking Machine Parts from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Metalworking Machine Parts exports accounted up to $189M and imports accounted up to $130M, resulting in a positive trade balance of $59.4M. Between December 2023 and December 2024 the exports of China's   Metalworking Machine Parts have increased by $18.8M (11%) from $171M to $189M, while imports increased by $405k (0.31%) from $130M to $130M.

Destinations In December 2024, Metalworking Machine Parts were exported mostly to Japan ($27.2M), United States ($18.8M), Russia ($17.4M), Vietnam ($14.9M), and Saudi Arabia ($9.24M), and were imported mostly from Chinese Taipei ($36M), Germany ($33.1M), Japan ($19.4M), South Korea ($13.7M), and Italy ($7.12M).

Growth In December 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Russia ($6.55M or 54.8%), Vietnam ($6.07M or 149%), and Chinese Taipei ($3.41M or 61.7%). In December 2024, the increase in Metalworking Machine Parts's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($11.7M or 45.4%), Germany ($1.24M or 4.83%), and Italy ($1.03M or 21.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$18.8M(11%)
IMPORT GROWTH (December 2023 - December 2024)$405k(0.31%)
MAIN EXPORTER (December 2024)Jiangsu Province$37M
MAIN DESTINATION (December 2024)Japan$27.2M

This section shows Metalworking Machine Parts'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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.27B
IMPORTS (2023)$1.62B
NET TRADE (2023)$650M

In 2023, China exported $2.27B in Metalworking Machine Parts. The main destinations of China exports on Metalworking Machine Parts were United States ($280M), Japan ($267M), Russia ($177M), Kyrgyzstan ($146M), and India ($125M).

In 2023, China imported $1.62B in Metalworking Machine Parts, mainly from Germany ($430M), Chinese Taipei ($403M), Japan ($256M), United States ($101M), and Italy ($79.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$121M (217%)
Kyrgyzstan$117M (413%)
Vietnam$33.3M (61.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY China WERE (2022 - 2023):
United States-$82.8M (-22.8%)
Japan-$59.4M (-18.2%)
Chinese Taipei-$42M (-34.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Metalworking Machine Parts were:
Germany $4.12B
United States $1.68B
In 2023, China's main importing competitors in Metalworking Machine Parts were:
United States $3.03B
Germany $2B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $77M
TOP IMPORT POTENTIALUnited States+ $44.1M

Metalworking Machine Parts’s highest export potential is India. With an export gap of $77M.   Metalworking Machine Parts’s highest import potential is United States with an import gap of $44.1M.

See methodology.

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