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Pricing

2022
Exports $1.11BWorld Rnk 1 / 197
Flag Rnk 412 / 1216
2022
Destination $9.93M United States
2021 - 2022
FASTEST GROWING MARKET $9.93MUnited States
2022
PRODUCT COMPLEXITY IN Drafting Tools1.71Rnk 23 / 1025
2022
Imports $97.2MWorld Rnk 4 / 220
Flag Rnk 656 / 1212
2022
Origin $1.79M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.79MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.11B in Drafting Tools, making it the 1st largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 412th most exported product in China. The main destination of Drafting Tools exports from China are: United States ($165M), Germany ($73.2M), Japan ($64.4M), Russia ($46.4M), and Vietnam ($45.2M).

The fastest growing export markets for Drafting Tools of China between 2021 and 2022 were United States ($9.93M), Singapore ($8.34M), and Russia ($8.02M).

Imports In 2022, China imported $97.2M in Drafting Tools, becoming the 4th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 656th most imported product in China. China imports Drafting Tools primarily from: Japan ($43.9M), South Korea ($10.8M), Germany ($10.2M), United States ($10M), and Switzerland ($5.3M).

The fastest growing import markets in Drafting Tools for China between 2021 and 2022 were Vietnam ($1.79M), Japan ($1.17M), and Malaysia ($1.11M).

COMPANIES In 2023, leading companies such as Acer (354), Lenovo (146), and Stanley Black & Decker (90) were at the forefront of shipping Drafting Tools from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Drafting Tools exports accounted up to $91M and imports accounted up to $5.91M, resulting in a positive trade balance of $85M. Between November 2023 and November 2024 the exports of China's   Drafting Tools have increased by $5.17M (6.03%) from $85.8M to $91M, while imports increased by $24.6k (0.42%) from $5.88M to $5.91M.

Destinations In November 2024, Drafting Tools were exported mostly to United States ($12.7M), Russia ($6.46M), Japan ($4.8M), Germany ($4.3M), and Vietnam ($4.18M), and were imported mostly from Japan ($3.68M), Germany ($560k), United States ($403k), Switzerland ($309k), and Vietnam ($158k).

Growth In November 2024, the increase in Drafting Tools's year-by-year exports was explained primarily by an increase in exports to Malaysia ($3.56M or 296%), Australia ($1.94M or 114%), and Singapore ($1.88M or 339%). In November 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from Vietnam ($198k or 534%), Thailand ($92.1k or 166%), and Philippines ($55.9k or 777%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$5.17M(6.03%)
IMPORT GROWTH (November 2023 - November 2024)$24.6k(0.42%)
MAIN EXPORTER (November 2024)Zhejiang Province$46.9M
MAIN DESTINATION (November 2024)United States$12.7M

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.11B
IMPORTS (2022)$97.2M
NET TRADE (2022)$1.01B

In 2022, China exported $1.11B in Drafting Tools. The main destinations of China exports on Drafting Tools were United States ($165M), Germany ($73.2M), Japan ($64.4M), Russia ($46.4M), and Vietnam ($45.2M).

In 2022, China imported $97.2M in Drafting Tools, mainly from Japan ($43.9M), South Korea ($10.8M), Germany ($10.2M), United States ($10M), and Switzerland ($5.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$9.93M (6.39%)
Singapore$8.34M (179%)
Russia$8.02M (20.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY China WERE (2021 - 2022):
Chile-$4.6M (-31.8%)
Nigeria-$3.33M (-25.6%)
United Kingdom-$3.33M (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Drafting Tools were:
United States $260M
Germany $221M
In 2022, China's main importing competitors in Drafting Tools were:
United States $382M
Germany $193M
Canada $100M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $14.3M
TOP IMPORT POTENTIALVietnam+ $2.94M

Drafting Tools’s highest export potential is India. With an export gap of $14.3M.   Drafting Tools’s highest import potential is Vietnam with an import gap of $2.94M.

See methodology.

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