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2018
Exports $3.37BWorld Rnk 1 / 206
Flag Rnk 204 / 1216
2018
Destination $74M United States
2021 - 2022
FASTEST GROWING MARKET $74MMexico
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2018
Imports $288MWorld Rnk 6 / 224
Flag Rnk 459 / 1212
2018
Origin $5M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $5MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2018, China exported $3.37B in Motor-working Tools, making it the 1st largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 204th most exported product in China. The main destination of Motor-working Tools exports from China are: United States ($403M), Mexico ($266M), Germany ($193M), Russia ($166M), and India ($151M).

The fastest growing export markets for Motor-working Tools of China between 2021 and 2022 were Mexico ($74M), Argentina ($10.9M), and India ($7.33M).

Imports In 2022, China imported $288M in Motor-working Tools, becoming the 6th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 459th most imported product in China. China imports Motor-working Tools primarily from: Chinese Taipei ($63.7M), Germany ($37.8M), United States ($33.1M), Japan ($31.3M), and China ($31.2M).

The fastest growing import markets in Motor-working Tools for China between 2021 and 2022 were United States ($5M), Vietnam ($4.23M), and United Arab Emirates ($4.05M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.07k), Apex Tool Group (236), and Stanley Black & Decker (216) were at the forefront of shipping Motor-working Tools from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Motor-working Tools exports accounted up to $1.2B and imports accounted up to $46.3M, resulting in a positive trade balance of $1.15B. Between October 2023 and October 2024 the exports of China's   Motor-working Tools have increased by $362M (43.4%) from $835M to $1.2B, while imports increased by $11.9M (34.6%) from $34.4M to $46.3M.

Destinations In October 2024, Motor-working Tools were exported mostly to United States ($261M), Russia ($80.5M), Germany ($75.8M), Mexico ($51M), and Vietnam ($48.5M), and were imported mostly from China ($7.5M), Vietnam ($6.98M), Germany ($6.18M), United States ($5.12M), and Sweden ($4.62M).

Growth In October 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Malaysia ($7.73M or 51%), Turkey ($7.05M or 97.6%), and Iran ($3.84M or 63.4%). In October 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from Hungary ($345k or 144%), United States ($210k or 4.68%), and Serbia ($145k or 836%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$362M(43.4%)
IMPORT GROWTH (October 2023 - October 2024)$11.9M(34.6%)
MAIN EXPORTER (October 2024)Jiangsu Province$450M
MAIN DESTINATION (October 2024)United States$261M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.37B
IMPORTS (2022)$288M
NET TRADE (2022)$3.08B

In 2022, China exported $3.37B in Motor-working Tools. The main destinations of China exports on Motor-working Tools were United States ($403M), Mexico ($266M), Germany ($193M), Russia ($166M), and India ($151M).

In 2022, China imported $288M in Motor-working Tools, mainly from Chinese Taipei ($63.7M), Germany ($37.8M), United States ($33.1M), Japan ($31.3M), and China ($31.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$74M (38.6%)
Argentina$10.9M (23.4%)
India$7.33M (5.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY China WERE (2021 - 2022):
United States-$47.1M (-10.5%)
Russia-$46.2M (-21.8%)
Hong Kong-$43.3M (-38.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Motor-working Tools were:
Germany $1.3B
Chinese Taipei $897M
In 2022, China's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

Explore Visualizations

Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $213M
TOP IMPORT POTENTIALVietnam+ $36.7M

Motor-working Tools’s highest export potential is India. With an export gap of $213M.   Motor-working Tools’s highest import potential is Vietnam with an import gap of $36.7M.

See methodology.

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