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2022
Exports $862MWorld Rnk 1 / 126
Flag Rnk 471 / 1216
2022
Destination $105M Indonesia
2021 - 2022
FASTEST GROWING MARKET $105MIndonesia
2022
PRODUCT COMPLEXITY IN Casting Machines0.63Rnk 304 / 1025
2022
Imports $234MWorld Rnk 3 / 183
Flag Rnk 487 / 1212
2022
Origin $24.3M Japan
2021 - 2022
FASTEST GROWING ORIGIN $24.3MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $862M in Casting Machines, making it the 1st largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 471st most exported product in China. The main destination of Casting Machines exports from China are: Indonesia ($141M), India ($136M), Turkey ($46.5M), Japan ($44.5M), and United States ($44.4M).

The fastest growing export markets for Casting Machines of China between 2021 and 2022 were Indonesia ($105M), India ($73M), and Turkey ($27.4M).

Imports In 2022, China imported $234M in Casting Machines, becoming the 3rd largest importer of Casting Machines in the world. At the same year, Casting Machines was the 487th most imported product in China. China imports Casting Machines primarily from: Japan ($84.3M), Italy ($43.4M), United States ($34.8M), Germany ($23.8M), and France ($6.61M).

The fastest growing import markets in Casting Machines for China between 2021 and 2022 were United States ($24.3M), Japan ($11M), and Italy ($7.85M).

COMPANIES In 2023, leading companies such as CNH Industrial (68), Toshiba (58), and Kubota (53) were at the forefront of shipping Casting Machines from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Casting Machines exports accounted up to $116M and imports accounted up to $8.27M, resulting in a positive trade balance of $108M. Between October 2023 and October 2024 the exports of China's   Casting Machines have increased by $28.6M (32.6%) from $87.5M to $116M, while imports decreased by $-9.09M (-52.4%) from $17.4M to $8.27M.

Destinations In October 2024, Casting Machines were exported mostly to India ($33M), Russia ($16.1M), Mexico ($12.2M), Vietnam ($6.4M), and Japan ($5.68M), and were imported mostly from Japan ($2.68M), Estonia ($2.28M), United States ($1.57M), Germany ($1.33M), and Italy ($59.8k).

Growth In October 2024, the increase in Casting Machines's year-by-year exports was explained primarily by an increase in exports to Malaysia ($2.77M or 90.1%), United States ($2.39M or 107%), and Armenia ($1.93M or 6.26k%). In October 2024, the decrease in Casting Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.01M or -20.8%), South Korea ($-130k or -91.6%), and China ($-68.4k or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$28.6M(32.6%)
IMPORT GROWTH (October 2023 - October 2024)$-9.09M(-52.4%)
MAIN EXPORTER (October 2024)Jiangsu Province$38.2M
MAIN DESTINATION (October 2024)India$33M

This section shows Casting 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 Casting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$862M
IMPORTS (2022)$234M
NET TRADE (2022)$628M

In 2022, China exported $862M in Casting Machines. The main destinations of China exports on Casting Machines were Indonesia ($141M), India ($136M), Turkey ($46.5M), Japan ($44.5M), and United States ($44.4M).

In 2022, China imported $234M in Casting Machines, mainly from Japan ($84.3M), Italy ($43.4M), United States ($34.8M), Germany ($23.8M), and France ($6.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$105M (295%)
India$73M (116%)
Turkey$27.4M (144%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY China WERE (2021 - 2022):
Iran-$38.6M (-81.5%)
Japan-$12.3M (-21.6%)
Oman-$5.79M (-91.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Casting Machines were:
Italy $360M
Japan $267M
In 2022, China's main importing competitors in Casting Machines were:
United States $350M
India $239M

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $32.2M
TOP IMPORT POTENTIALGermany+ $4.41M

Casting Machines’s highest export potential is India. With an export gap of $32.2M.   Casting Machines’s highest import potential is Germany with an import gap of $4.41M.

See methodology.

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