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2022
Exports $481MWorld Rnk 2 / 156
Flag Rnk 588 / 1216
2022
Destination $7.18M United States
2021 - 2022
FASTEST GROWING MARKET $7.18MVietnam
2022
PRODUCT COMPLEXITY IN Drilling Machines1.13Rnk 123 / 1025
2022
Imports $323MWorld Rnk 1 / 210
Flag Rnk 440 / 1212
2022
Origin $9.25M Germany
2021 - 2022
FASTEST GROWING ORIGIN $9.25MCzechia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $481M in Drilling Machines, making it the 2nd largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 588th most exported product in China. The main destination of Drilling Machines exports from China are: United States ($43.4M), Vietnam ($32.5M), Germany ($30M), Russia ($29.6M), and India ($23.3M).

The fastest growing export markets for Drilling Machines of China between 2021 and 2022 were Vietnam ($7.18M), Russia ($7.03M), and India ($6.12M).

Imports In 2022, China imported $323M in Drilling Machines, becoming the 1st largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 440th most imported product in China. China imports Drilling Machines primarily from: Germany ($97M), Chinese Taipei ($65.9M), Spain ($36.4M), Italy ($35.9M), and Japan ($31M).

The fastest growing import markets in Drilling Machines for China between 2021 and 2022 were Czechia ($9.25M), United Kingdom ($4.13M), and Finland ($1.47M).

COMPANIES In 2023, leading companies such as CrimsonLogic (78), Volvo (62), and Tmall (47) were at the forefront of shipping Drilling Machines from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Drilling Machines exports accounted up to $50.5M and imports accounted up to $8.44M, resulting in a positive trade balance of $42.1M. Between July 2023 and July 2024 the exports of China's   Drilling Machines have increased by $5.94M (13.3%) from $44.6M to $50.5M, while imports decreased by $-3.93M (-31.8%) from $12.4M to $8.44M.

Destinations In July 2024, Drilling Machines were exported mostly to Russia ($10.3M), Thailand ($5.09M), India ($4.31M), Vietnam ($3.04M), and United States ($2.72M), and were imported mostly from Chinese Taipei ($2.43M), France ($1.33M), Czechia ($1.29M), Japan ($1.27M), and South Korea ($1.11M).

Growth In July 2024, the increase in Drilling Machines's year-by-year exports was explained primarily by an increase in exports to Russia ($1.09M or 31.9%), Turkey ($728k or 70.7%), and United Arab Emirates ($537k or 108%). In July 2024, the decrease in Drilling Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-6.12M or -84.1%), Japan ($-3.12M or -66.8%), and Germany ($-494k or -6.87%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$5.94M(13.3%)
IMPORT GROWTH (July 2023 - July 2024)$-3.93M(-31.8%)
MAIN EXPORTER (July 2024)Jiangsu Province$15.8M
MAIN DESTINATION (July 2024)Russia$10.3M

This section shows Drilling 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 Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$481M
IMPORTS (2022)$323M
NET TRADE (2022)$158M

In 2022, China exported $481M in Drilling Machines. The main destinations of China exports on Drilling Machines were United States ($43.4M), Vietnam ($32.5M), Germany ($30M), Russia ($29.6M), and India ($23.3M).

In 2022, China imported $323M in Drilling Machines, mainly from Germany ($97M), Chinese Taipei ($65.9M), Spain ($36.4M), Italy ($35.9M), and Japan ($31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$7.18M (28.3%)
Russia$7.03M (31.1%)
India$6.12M (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY China WERE (2021 - 2022):
Germany-$4.81M (-13.8%)
Ghana-$3.05M (-72.2%)
Uzbekistan-$2.62M (-68.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Drilling Machines were:
Germany $530M
Italy $319M
In 2022, China's main importing competitors in Drilling Machines were:
United States $317M
Germany $221M

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $15.8M
TOP IMPORT POTENTIALJapan+ $5.97M

Drilling Machines’s highest export potential is India. With an export gap of $15.8M.   Drilling Machines’s highest import potential is Japan with an import gap of $5.97M.

See methodology.

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