Milling Stones in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $1.5B in Milling Stones, making it the 1st largest exporter of Milling Stones in the world. At the same year, Milling Stones was the 355th most exported product in China. The main destination of Milling Stones exports from China are: India ($213M), Germany ($97.6M), United States ($93.9M), Vietnam ($90.4M), and Brazil ($70M).

The fastest growing export markets for Milling Stones of China between 2021 and 2022 were Singapore ($9.54M), Vietnam ($7.15M), and United Kingdom ($6.62M).

Imports In 2022, China imported $351M in Milling Stones, becoming the 3rd largest importer of Milling Stones in the world. At the same year, Milling Stones was the 422nd most imported product in China. China imports Milling Stones primarily from: Japan ($113M), South Korea ($77.9M), Germany ($46M), Chinese Taipei ($31.2M), and Austria ($25.8M).

The fastest growing import markets in Milling Stones for China between 2021 and 2022 were South Korea ($8.19M), Singapore ($2.19M), and Chinese Taipei ($1.56M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (938), AMAZON SERVICES LLC (464), and COSTCO WHOLESALE COPRORATION (348) were at the forefront of shipping Milling Stones from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Milling Stones exports accounted up to $86.3M and imports accounted up to $33.8M, resulting in a positive trade balance of $52.5M. Between February 2023 and February 2024 the exports of China's Milling Stones have increased by $24M (38.5%) from $62.3M to $86.3M, while imports increased by $128k (0.38%) from $33.7M to $33.8M.

Destinations In February 2024, Milling Stones were exported mostly to India ($14.9M), Brazil ($6.13M), United States ($5.56M), Thailand ($4.31M), and Vietnam ($3.65M), and were imported mostly from Japan ($15.3M), South Korea ($7.36M), Germany ($3.18M), Austria ($2.33M), and Taiwan ($1.64M).

Growth In February 2024, the increase in Milling Stones's year-by-year exports was explained primarily by an increase in exports to Australia ($1.71M or 131%), Singapore ($1.49M or 150%), and Russia ($1.06M or 37%). In February 2024, the increase in Milling Stones's year-by-year imports was explained primarily by an increase in imports from Austria ($799k or 42.1%), Germany ($716k or 22.6%), and United States ($228k or 19.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$24M(38.5%)

IMPORT GROWTH (February 2023 - February 2024)$128k(0.38%)

MAIN EXPORTER (February 2024)Zhejiang Province$42.9M

MAIN DESTINATION (February 2024)India$14.9M

This section shows Milling Stones'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 Milling Stones over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.5B

IMPORTS (2022)$351M

NET TRADE (2022)$1.15B

In 2022, China exported $1.5B in Milling Stones. The main destinations of China exports on Milling Stones were India ($213M), Germany ($97.6M), United States ($93.9M), Vietnam ($90.4M), and Brazil ($70M).

In 2022, China imported $351M in Milling Stones, mainly from Japan ($113M), South Korea ($77.9M), Germany ($46M), Chinese Taipei ($31.2M), and Austria ($25.8M).

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