Motor-working Tools in China 2020 Exports | Imports : $2.59B | $221M, World Rnk 1 / 193 Rnk 183 / 1215 | World Rnk 9 / 223 Rnk 477 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $23.2M | $5.46M, Turkey | Germany
Exports In 2020, China exported $2.59B 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 183rd most exported product in China. The main destination of Motor-working Tools exports from China are: United States ($359M), Russia ($153M), Germany ($141M), Mexico ($103M), and India ($86.6M).
The fastest growing export markets for Motor-working Tools of China between 2019 and 2020 were Turkey ($23.2M), Chinese Taipei ($16.9M), and Malaysia ($15.4M).
Imports In 2020, China imported $221M 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 477th most imported product in China. China imports Motor-working Tools primarily from: Chinese Taipei ($44M), Japan ($39.9M), Germany ($38.2M), United States ($27.9M), and Sweden ($11.8M).
The fastest growing import markets in Motor-working Tools for China between 2019 and 2020 were Germany ($5.46M), Vietnam ($1.16M), and Denmark ($1.09M).
Tariffs In 2018, the average tariff for China in Motor-working Tools was 6.59%. The countries with the highest import tariffs for Motor-working Tools were Burkina Faso (Most Favoured Nation duty rate treatement, 8.4%), Botswana (Most Favoured Nation duty rate treatement, 8.4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.4%), Cameroon (Most Favoured Nation duty rate treatement, 8.4%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 8.4%).
November 2021
Overview In November 2021 China's Motor-working Tools exports accounted up to $1.48B and imports accounted up to $60.6M, resulting in a positive trade balance of $1.42B. Between November 2020 and November 2021 the exports of China's Motor-working Tools have increased by $265M (21.8%) from $1.22B to $1.48B, while imports decreased by $-3.11M (-4.87%) from $63.8M to $60.6M.
Destinations In November 2021, Motor-working Tools were exported mostly to United States ($367M), Germany ($131M), Russia ($60.7M), United Kingdom ($52.2M), and Japan ($46.1M), and were imported mostly from Thailand ($11.1M), Germany ($8.24M), Japan ($6.5M), United States ($6.4M), and Taiwan ($5.67M).
Growth In November 2021, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Russia ($10M or 21.7%), Vietnam ($8.69M or 69.7%), and Mexico ($6.45M or 40.3%). In November 2021, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from China ($-24M or -73.1%), Taiwan ($-3.71M or -38.4%), and Germany ($-3.46M or -47.6%).
EXPORT GROWTH (November 2020 - November 2021): $265M, (21.8%)
IMPORT GROWTH (November 2020 - November 2021): $-3.11M, (-4.87%)
MAIN EXPORTER (November 2021): Jiangsu Province, $608M
MAIN DESTINATION (November 2021): United States, $367M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $2.59B
IMPORTS (2020): $221M
NET TRADE (2020): $2.37B
In 2020, China exported $2.59B in Motor-working Tools. The main destinations of China exports on Motor-working Tools were United States ($359M), Russia ($153M), Germany ($141M), Mexico ($103M), and India ($86.6M).
In 2020, China imported $221M in Motor-working Tools, mainly from Chinese Taipei ($44M), Japan ($39.9M), Germany ($38.2M), United States ($27.9M), and Sweden ($11.8M).
IN 2020, China HAD A POSITIVE NET TRADE IN Motor-working Tools WITH:
IN 2020, China HAD A NEGATIVE NET TRADE IN Motor-working Tools WITH:: Belgium-Luxembourg , -$695k ($138k - $833k)
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY China WERE (2019 - 2020):
In 2019, China's main exporting competitors in Motor-working Tools were:
In 2019, China's main importing competitors in Motor-working Tools were:
In 2018, the average tariff for China in Motor-working Tools was 6.59%.
The countries with the highest tariffs for Motor-working Tools in China were Burkina Faso (Most Favoured Nation duty rate treatement, 8.4%), Botswana (Most Favoured Nation duty rate treatement, 8.4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.4%), Cameroon (Most Favoured Nation duty rate treatement, 8.4%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 8.4%).
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