2023
Exports
$695MWorld Rnk 3 / 144
Flag Rnk 497 / 1215
2023
PRODUCT COMPLEXITY IN Tool Plates
1.73Rnk 20 / 1025
2023
Imports
$313MWorld Rnk 4 / 191
Flag Rnk 425 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $695M in Tool Plates, making it the 3rd largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 497th most exported product in China. The main destination of Tool Plates exports from China are: South Korea ($84.1M), Germany ($79.9M), India ($74M), United States ($63.1M), and Japan ($50.5M).

The fastest growing export markets for Tool Plates of China between 2022 and 2023 were South Korea ($59.6M), Russia ($12M), and Japan ($11.3M).

Imports In 2023, China imported $313M in Tool Plates, becoming the 4th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 425th most imported product in China. China imports Tool Plates primarily from: Japan ($111M), Germany ($61.3M), South Korea ($43.4M), United States ($27.7M), and Hong Kong ($16.2M).

The fastest growing import markets in Tool Plates for China between 2022 and 2023 were Israel ($1.21M), Hong Kong ($998k), and Thailand ($754k).

COMPANIES In 2024, leading companies such as BOEING (11), Medical Depot (5), and Dollarama (2) were at the forefront of shipping Tool Plates from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$4.61M(8.11%)
IMPORT GROWTH (December 2023 - December 2024)$1.73M(11.8%)
MAIN EXPORTER (December 2024)Fujian Province$12.9M
MAIN DESTINATION (December 2024)South Korea$10.8M

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$695M
IMPORTS (2023)$313M
NET TRADE (2023)$381M

In 2023, China exported $695M in Tool Plates. The main destinations of China exports on Tool Plates were South Korea ($84.1M), Germany ($79.9M), India ($74M), United States ($63.1M), and Japan ($50.5M).

In 2023, China imported $313M in Tool Plates, mainly from Japan ($111M), Germany ($61.3M), South Korea ($43.4M), United States ($27.7M), and Hong Kong ($16.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR China WERE (2022 - 2023):
South Korea$59.6M (244%)
Russia$12M (33.8%)
Japan$11.3M (28.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY China WERE (2022 - 2023):
Chinese Taipei-$24.3M (-33.4%)
Germany-$16.7M (-17.3%)
United States-$11.8M (-15.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Tool Plates were:
Germany $1.01B
Japan $874M
In 2023, China's main importing competitors in Tool Plates were:

Explore Visualizations

Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $31.9M
TOP IMPORT POTENTIALJapan+ $17.3M

Tool Plates’s highest export potential is India. With an export gap of $31.9M.   Tool Plates’s highest import potential is Japan with an import gap of $17.3M.

See methodology.

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