Metalworking Machines in   China

Overview In October 2024 China's Metalworking Machines exports accounted up to $45.1M and imports accounted up to $56.8M, resulting in a negative trade balance of $11.7M. Between October 2023 and October 2024 the exports of China's   Metalworking Machines have increased by $11.2M (33%) from $33.9M to $45.1M, while imports decreased by $-3.19M (-5.33%) from $60M to $56.8M.

Destinations In October 2024, Metalworking Machines were exported mostly to Russia ($9.59M), Belarus ($4.59M), India ($4.16M), Vietnam ($3.48M), and Thailand ($2.33M), and were imported mostly from Germany ($30.8M), Switzerland ($17.4M), Japan ($5.4M), Chinese Taipei ($1.01M), and South Korea ($784k).

Growth In October 2024, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Serbia ($964k or 181%), Netherlands ($453k or 168%), and Russia ($364k or 18.1%). In October 2024, the decrease in Metalworking Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-3.03M or -42.5%), South Korea ($-1.03M or -99.2%), and Chinese Taipei ($-773k or -86.1%).