Tobacco Processing Machines in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $47.7M in Tobacco Processing Machines, making it the 5th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 960th most exported product in China. The main destination of Tobacco Processing Machines exports from China are: Singapore ($10.2M), United States ($7.67M), Russia ($4.73M), Indonesia ($2.51M), and Austria ($1.99M).

The fastest growing export markets for Tobacco Processing Machines of China between 2021 and 2022 were Singapore ($6.37M), Chinese Taipei ($1.23M), and Canada ($903k).

Imports In 2022, China imported $90.5M in Tobacco Processing Machines, becoming the 2nd largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 674th most imported product in China. China imports Tobacco Processing Machines primarily from: Germany ($56.9M), Italy ($8.81M), Bulgaria ($5.09M), United States ($2.92M), and Hungary ($2.72M).

The fastest growing import markets in Tobacco Processing Machines for China between 2021 and 2022 were Germany ($17.2M), United States ($2.84M), and India ($1.61M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (201), RTG FURNITURE CORPORATION (78), and TRACTOR SUPPLY COMPANY OF (9) were at the forefront of shipping Tobacco Processing Machines from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Tobacco Processing Machines exports accounted up to $1.4M and imports accounted up to $9.31M, resulting in a negative trade balance of $7.92M. Between February 2023 and February 2024 the exports of China's Tobacco Processing Machines have increased by $441k (46.2%) from $955k to $1.4M, while imports increased by $2.33M (33.3%) from $6.99M to $9.31M.

Destinations In February 2024, Tobacco Processing Machines were exported mostly to Indonesia ($845k), South Korea ($205k), Russia ($174k), United States ($130k), and Canada ($25.8k), and were imported mostly from Germany ($7.07M), Italy ($1.95M), India ($290k), and United Kingdom ($2.81k).

Growth In February 2024, the increase in Tobacco Processing Machines's year-by-year exports was explained primarily by an increase in exports to Russia ($946k or 255k%), Malaysia ($18.8k or 129%), and United Kingdom ($4.35k or 158%). In February 2024, the increase in Tobacco Processing Machines's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$441k(46.2%)

IMPORT GROWTH (February 2023 - February 2024)$2.33M(33.3%)

MAIN EXPORTER (February 2024)Shandong Province$1.75M

MAIN DESTINATION (February 2024)Indonesia$845k

This section shows Tobacco Processing 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 Tobacco Processing Machines over time.

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