2022
Exports
$500MWorld Rnk 6 / 93
Flag Rnk 579 / 1216
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines
2.21Rnk 2 / 1025
2022
Imports
$1.85BWorld Rnk 1 / 169
Flag Rnk 150 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $500M in Metalworking Transfer Machines, making it the 6th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 579th most exported product in China. The main destination of Metalworking Transfer Machines exports from China are: Russia ($94M), Vietnam ($56.9M), Turkey ($38M), Mexico ($26.5M), and Malaysia ($23.9M).

The fastest growing export markets for Metalworking Transfer Machines of China between 2021 and 2022 were Russia ($55.4M), Vietnam ($22.8M), and Mexico ($16.5M).

Imports In 2022, China imported $1.85B in Metalworking Transfer Machines, becoming the 1st largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 150th most imported product in China. China imports Metalworking Transfer Machines primarily from: Japan ($989M), Germany ($358M), Chinese Taipei ($187M), Switzerland ($83.2M), and Singapore ($67.3M).

The fastest growing import markets in Metalworking Transfer Machines for China between 2021 and 2022 were United States ($12.3M), Switzerland ($9.48M), and Norway ($3.19M).

COMPANIES In 2023, leading companies such as CrimsonLogic (19), GE RENEWABLES NORTH AMERICA LLC (17), and TE Connectivity (12) were at the forefront of shipping Metalworking Transfer Machines from China to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-18.5M(-20.9%)
IMPORT GROWTH (August 2023 - August 2024)$-8.33M(-4.72%)
MAIN EXPORTER (August 2024)Zhejiang Province$16M
MAIN DESTINATION (August 2024)Russia$12.5M

This section shows Metalworking Transfer 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 Metalworking Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$500M
IMPORTS (2022)$1.85B
NET TRADE (2022)-$1.35B

In 2022, China exported $500M in Metalworking Transfer Machines. The main destinations of China exports on Metalworking Transfer Machines were Russia ($94M), Vietnam ($56.9M), Turkey ($38M), Mexico ($26.5M), and Malaysia ($23.9M).

In 2022, China imported $1.85B in Metalworking Transfer Machines, mainly from Japan ($989M), Germany ($358M), Chinese Taipei ($187M), Switzerland ($83.2M), and Singapore ($67.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$55.4M (143%)
Vietnam$22.8M (67%)
Mexico$16.5M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY China WERE (2021 - 2022):
Hong Kong-$9.34M (-82.8%)
South Korea-$4.13M (-28.5%)
Hungary-$2.74M (-73%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metalworking Transfer Machines were:
In 2022, China's main importing competitors in Metalworking Transfer Machines were:

Explore Visualizations

Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $21.3M
TOP IMPORT POTENTIALSouth Korea+ $35.3M

Metalworking Transfer Machines’s highest export potential is India. With an export gap of $21.3M.   Metalworking Transfer Machines’s highest import potential is South Korea with an import gap of $35.3M.

See methodology.

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