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2022
Exports $47.7MWorld Rnk 5 / 130
Flag Rnk 960 / 1216
2022
Destination $6.37M Singapore
2021 - 2022
FASTEST GROWING MARKET $6.37MSingapore
2022
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.19Rnk 613 / 1025
2022
Imports $90.5MWorld Rnk 2 / 175
Flag Rnk 674 / 1212
2022
Origin $17.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $17.2MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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 Walmart (3) and Helly Hansen (2) were at the forefront of shipping Tobacco Processing Machines from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Tobacco Processing Machines exports accounted up to $1.08M and imports accounted up to $2.55M, resulting in a negative trade balance of $1.47M. Between September 2023 and September 2024 the exports of China's   Tobacco Processing Machines have increased by $497k (85.7%) from $580k to $1.08M, while imports decreased by $-1.63M (-38.9%) from $4.18M to $2.55M.

Destinations In September 2024, Tobacco Processing Machines were exported mostly to Turkey ($511k), Ukraine ($410k), United Arab Emirates ($99.1k), United States ($27.9k), and Russia ($13.7k), and were imported mostly from Hungary ($1.39M), Germany ($1.06M), and United Kingdom ($96.2k).

Growth In September 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 ($4.35k or 158%). In September 2024, the decrease in Tobacco Processing Machines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.01M or -50.2%) and India ($-5k or -3.45%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$497k(85.7%)
IMPORT GROWTH (September 2023 - September 2024)$-1.63M(-38.9%)
MAIN EXPORTER (September 2024)Shandong Province$1.75M
MAIN DESTINATION (September 2024)Turkey$511k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.7M
IMPORTS (2022)$90.5M
NET TRADE (2022)-$42.8M

In 2022, China exported $47.7M in Tobacco Processing Machines. The main destinations of China exports on Tobacco Processing Machines were Singapore ($10.2M), United States ($7.67M), Russia ($4.73M), Indonesia ($2.51M), and Austria ($1.99M).

In 2022, China imported $90.5M in Tobacco Processing Machines, mainly from Germany ($56.9M), Italy ($8.81M), Bulgaria ($5.09M), United States ($2.92M), and Hungary ($2.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$6.37M (164%)
Chinese Taipei$1.23M (407%)
Canada$903k (439%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY China WERE (2021 - 2022):
Indonesia-$4.77M (-65.5%)
Saudi Arabia-$3.22M (-100%)
Ukraine-$1.53M (-92%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tobacco Processing Machines were:
Germany $358M
Italy $199M
Netherlands $77.9M
In 2022, China's main importing competitors in Tobacco Processing Machines were:
Indonesia $97.3M
United States $83.3M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.37M
TOP IMPORT POTENTIALItaly+ $2.53M

Tobacco Processing Machines’s highest export potential is United States. With an export gap of $1.37M.   Tobacco Processing Machines’s highest import potential is Italy with an import gap of $2.53M.

See methodology.

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