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2023
Exports $695MWorld Rnk 3 / 144
Flag Rnk 497 / 1215
2023
Destination $59.6M South Korea
2022 - 2023
FASTEST GROWING MARKET $59.6MSouth Korea
2023
PRODUCT COMPLEXITY IN Tool Plates1.73Rnk 20 / 1025
2023
Imports $313MWorld Rnk 4 / 191
Flag Rnk 425 / 1214
2023
Origin $1.21M Japan
2022 - 2023
FASTEST GROWING ORIGIN $1.21MIsrael
2023
ECONOMIC COMPLEXITY of China1.16Rnk 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

About

Overview In December 2024 China's Tool Plates exports accounted up to $61.5M and imports accounted up to $16.3M, resulting in a positive trade balance of $45.2M. Between December 2023 and December 2024 the exports of China's   Tool Plates have increased by $4.61M (8.11%) from $56.9M to $61.5M, while imports increased by $1.73M (11.8%) from $14.6M to $16.3M.

Destinations In December 2024, Tool Plates were exported mostly to South Korea ($10.8M), United States ($9.56M), India ($5.32M), Germany ($4.94M), and Russia ($4.05M), and were imported mostly from Japan ($6.23M), United States ($2.91M), South Korea ($2.42M), Sweden ($1.13M), and Germany ($1.1M).

Growth In December 2024, the increase in Tool Plates's year-by-year exports was explained primarily by an increase in exports to India ($1.16M or 18.2%), United States ($990k or 11.5%), and Germany ($957k or 22.6%). In December 2024, the increase in Tool Plates's year-by-year imports was explained primarily by an increase in imports from Japan ($2.66M or 89.9%), Germany ($822k or 118%), and Chinese Taipei ($376k or 261%).

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).

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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%)
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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:
United States $972M
Germany $778M
Netherlands $355M

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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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