2023
Exports
$3.15BWorld Rnk 1 / 199
Flag Rnk 194 / 1215
2023
PRODUCT COMPLEXITY IN Motor-working Tools
1.34Rnk 73 / 1025
2023
Imports
$246MWorld Rnk 9 / 225
Flag Rnk 468 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $3.15B 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 194th most exported product in China. The main destination of Motor-working Tools exports from China are: Vietnam ($340M), Mexico ($278M), United States ($247M), Russia ($227M), and India ($184M).

The fastest growing export markets for Motor-working Tools of China between 2022 and 2023 were Vietnam ($265M), Russia ($60.9M), and Turkey ($20.3M).

Imports In 2023, China imported $246M in Motor-working Tools, becoming the 9th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 468th most imported product in China. China imports Motor-working Tools primarily from: Chinese Taipei ($47.7M), United States ($36.1M), Germany ($33.5M), Thailand ($28.2M), and Japan ($21.2M).

The fastest growing import markets in Motor-working Tools for China between 2022 and 2023 were Hungary ($1.22M), India ($762k), and Netherlands ($692k).

COMPANIES In 2024, leading companies such as CrimsonLogic (615), Apex Tool Group (311), and Walmart (111) were at the forefront of shipping Motor-working Tools from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$462M(44.8%)
IMPORT GROWTH (December 2023 - December 2024)$9.43M(23.4%)
MAIN EXPORTER (December 2024)Jiangsu Province$525M
MAIN DESTINATION (December 2024)United States$369M

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 (2023)$3.15B
IMPORTS (2023)$246M
NET TRADE (2023)$2.91B

In 2023, China exported $3.15B in Motor-working Tools. The main destinations of China exports on Motor-working Tools were Vietnam ($340M), Mexico ($278M), United States ($247M), Russia ($227M), and India ($184M).

In 2023, China imported $246M in Motor-working Tools, mainly from Chinese Taipei ($47.7M), United States ($36.1M), Germany ($33.5M), Thailand ($28.2M), and Japan ($21.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$265M (352%)
Russia$60.9M (36.7%)
Turkey$20.3M (57.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY China WERE (2022 - 2023):
United States-$139M (-36%)
Germany-$72.5M (-34.8%)
Hong Kong-$61.5M (-61.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Motor-working Tools were:
In 2023, China's main importing competitors in Motor-working Tools were:

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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