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2022
Exports $3.74BWorld Rnk 5 / 167
Flag Rnk 189 / 1216
2022
Destination $452M Russia
2021 - 2022
FASTEST GROWING MARKET $452MRussia
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $104MWorld Rnk 71 / 215
Flag Rnk 646 / 1212
2022
Origin $359k France
2021 - 2022
FASTEST GROWING ORIGIN $359kPoland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.74B in Tractors, making it the 5th largest exporter of Tractors in the world. At the same year, Tractors was the 189th most exported product in China. The main destination of Tractors exports from China are: Russia ($537M), Vietnam ($270M), Nigeria ($192M), United Arab Emirates ($176M), and Tanzania ($173M).

The fastest growing export markets for Tractors of China between 2021 and 2022 were Russia ($452M), United Arab Emirates ($136M), and Colombia ($133M).

Imports In 2022, China imported $104M in Tractors, becoming the 71st largest importer of Tractors in the world. At the same year, Tractors was the 646th most imported product in China. China imports Tractors primarily from: France ($35.8M), Belgium ($21.6M), Germany ($17.2M), Sweden ($8.95M), and United States ($7.39M).

The fastest growing import markets in Tractors for China between 2021 and 2022 were Poland ($359k), Japan ($174k), and United Arab Emirates ($168k).

COMPANIES In 2023, leading companies such as CNH Industrial (23), MerchSource (21), and Bridgestone Tires (1) were at the forefront of shipping Tractors from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Tractors exports accounted up to $1.16B and imports accounted up to $14.6M, resulting in a positive trade balance of $1.15B. Between September 2023 and September 2024 the exports of China's   Tractors have increased by $517M (80%) from $646M to $1.16B, while imports decreased by $-720k (-4.7%) from $15.3M to $14.6M.

Destinations In September 2024, Tractors were exported mostly to Russia ($781M), Saudi Arabia ($41.9M), Vietnam ($38.3M), Nigeria ($32.2M), and Tanzania ($24.7M), and were imported mostly from Germany ($4.66M), Belgium ($3.83M), United States ($3.18M), Italy ($1.93M), and France ($930k).

Growth In September 2024, the increase in Tractors's year-by-year exports was explained primarily by an increase in exports to Russia ($88.7M or 1.04k%), India ($22M or 7.51k%), and Tanzania ($18M or 144%). In September 2024, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-4.55M or -98.6%), France ($-2.72M or -64.7%), and Belgium ($-73.4k or -52.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$517M(80%)
IMPORT GROWTH (September 2023 - September 2024)$-720k(-4.7%)
MAIN EXPORTER (September 2024)Hubei Province$256M
MAIN DESTINATION (September 2024)Russia$781M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.74B
IMPORTS (2022)$104M
NET TRADE (2022)$3.64B

In 2022, China exported $3.74B in Tractors. The main destinations of China exports on Tractors were Russia ($537M), Vietnam ($270M), Nigeria ($192M), United Arab Emirates ($176M), and Tanzania ($173M).

In 2022, China imported $104M in Tractors, mainly from France ($35.8M), Belgium ($21.6M), Germany ($17.2M), Sweden ($8.95M), and United States ($7.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$452M (533%)
United Arab Emirates$136M (340%)
Colombia$133M (682%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY China WERE (2021 - 2022):
Vietnam-$121M (-31%)
Ukraine-$63.1M (-58.7%)
Laos-$31.4M (-54.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, China's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $62.1M
TOP IMPORT POTENTIALGermany+ $24.9M

Tractors’s highest export potential is United States. With an export gap of $62.1M.   Tractors’s highest import potential is Germany with an import gap of $24.9M.

See methodology.

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