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2023
Exports $207MWorld Rnk 4 / 174
Flag Rnk 748 / 1215
2023
Destination $7.42M Vietnam
2022 - 2023
FASTEST GROWING MARKET $7.42MRussia
2023
PRODUCT COMPLEXITY IN Tensile Testing Machines1.43Rnk 56 / 1025
2023
Imports $411MWorld Rnk 1 / 208
Flag Rnk 373 / 1214
2023
Origin $20.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $20.7MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $207M in Tensile Testing Machines, making it the 4th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 748th most exported product in China. The main destination of Tensile Testing Machines exports from China are: Vietnam ($21.8M), Russia ($16.7M), United States ($13.6M), India ($11M), and Malaysia ($9.76M).

The fastest growing export markets for Tensile Testing Machines of China between 2022 and 2023 were Russia ($7.42M), Vietnam ($5.11M), and Malaysia ($5.06M).

Imports In 2023, China imported $411M in Tensile Testing Machines, becoming the 1st largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 373rd most imported product in China. China imports Tensile Testing Machines primarily from: United States ($171M), Germany ($80.4M), United Kingdom ($40.8M), Japan ($34.5M), and Switzerland ($19.1M).

The fastest growing import markets in Tensile Testing Machines for China between 2022 and 2023 were United States ($20.7M), United Kingdom ($5.16M), and Germany ($5.03M).

COMPANIES In 2024, leading companies such as Robert Bosch (1) and LG Electronics (1) were at the forefront of shipping Tensile Testing Machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Tensile Testing Machines exports accounted up to $26.5M and imports accounted up to $40M, resulting in a negative trade balance of $13.5M. Between December 2023 and December 2024 the exports of China's   Tensile Testing Machines have increased by $7.52M (39.6%) from $19M to $26.5M, while imports increased by $8.26M (26%) from $31.8M to $40M.

Destinations In December 2024, Tensile Testing Machines were exported mostly to Vietnam ($3.46M), Russia ($2.54M), Malaysia ($2.22M), United States ($1.69M), and India ($1.45M), and were imported mostly from United States ($16.4M), Germany ($5.92M), United Kingdom ($5.21M), Switzerland ($3.02M), and Japan ($2.7M).

Growth In December 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to Vietnam ($1.99M or 280%), Indonesia ($718k or 102%), and Hong Kong ($521k or 389%). In December 2024, the increase in Tensile Testing Machines's year-by-year imports was explained primarily by an increase in imports from Japan ($1.08M or 89%), Belgium ($528k or 77.9k%), and Canada ($356k or 1.15k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$7.52M(39.6%)
IMPORT GROWTH (December 2023 - December 2024)$8.26M(26%)
MAIN EXPORTER (December 2024)Shandong Province$6.8M
MAIN DESTINATION (December 2024)Vietnam$3.46M

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$207M
IMPORTS (2023)$411M
NET TRADE (2023)-$203M

In 2023, China exported $207M in Tensile Testing Machines. The main destinations of China exports on Tensile Testing Machines were Vietnam ($21.8M), Russia ($16.7M), United States ($13.6M), India ($11M), and Malaysia ($9.76M).

In 2023, China imported $411M in Tensile Testing Machines, mainly from United States ($171M), Germany ($80.4M), United Kingdom ($40.8M), Japan ($34.5M), and Switzerland ($19.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$7.42M (80.4%)
Vietnam$5.11M (30.7%)
Malaysia$5.06M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY China WERE (2022 - 2023):
South Korea-$6.56M (-68.5%)
United Kingdom-$2.08M (-25.1%)
Chinese Taipei-$1.96M (-21.8%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Tensile Testing Machines were:
United States $640M
Germany $435M
United Kingdom $256M
In 2023, China's main importing competitors in Tensile Testing Machines were:
United States $251M
Germany $128M

Explore Visualizations

Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.77M
TOP IMPORT POTENTIALItaly+ $4.68M

Tensile Testing Machines’s highest export potential is India. With an export gap of $6.77M.   Tensile Testing Machines’s highest import potential is Italy with an import gap of $4.68M.

See methodology.

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