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2022
Exports $4.96BWorld Rnk 1 / 213
Flag Rnk 145 / 1216
2022
Destination $37.1M United States
2021 - 2022
FASTEST GROWING MARKET $37.1MMexico
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $1.12BWorld Rnk 4 / 225
Flag Rnk 201 / 1212
2022
Origin $7.03M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.03MIreland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.96B in Interchangeable Tool Parts, making it the 1st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 145th most exported product in China. The main destination of Interchangeable Tool Parts exports from China are: United States ($772M), Germany ($452M), Russia ($239M), Canada ($234M), and Mexico ($229M).

The fastest growing export markets for Interchangeable Tool Parts of China between 2021 and 2022 were Mexico ($37.1M), Vietnam ($36.7M), and Turkey ($34.2M).

Imports In 2022, China imported $1.12B in Interchangeable Tool Parts, becoming the 4th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 201st most imported product in China. China imports Interchangeable Tool Parts primarily from: Germany ($289M), Japan ($279M), Chinese Taipei ($169M), South Korea ($87.8M), and United States ($60.6M).

The fastest growing import markets in Interchangeable Tool Parts for China between 2021 and 2022 were Ireland ($7.03M), Hong Kong ($5.29M), and Slovenia ($1.54M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (547), CrimsonLogic (99), and Conair (58) were at the forefront of shipping Interchangeable Tool Parts from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Interchangeable Tool Parts exports accounted up to $434M and imports accounted up to $79.3M, resulting in a positive trade balance of $354M. Between October 2023 and October 2024 the exports of China's   Interchangeable Tool Parts have increased by $72.5M (20.1%) from $361M to $434M, while imports decreased by $-4.2M (-5.04%) from $83.5M to $79.3M.

Destinations In October 2024, Interchangeable Tool Parts were exported mostly to United States ($52.4M), Russia ($38.4M), India ($29.1M), Germany ($27.7M), and Mexico ($21.5M), and were imported mostly from Japan ($24.3M), Germany ($15.4M), Chinese Taipei ($9.7M), South Korea ($7.58M), and United States ($4.6M).

Growth In October 2024, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($17.9M or 129%), Russia ($7.96M or 39.3%), and France ($5.7M or 76.2%). In October 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-8.22M or -30.2%), Chinese Taipei ($-7.07M or -44.4%), and South Korea ($-1.69M or -25.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$72.5M(20.1%)
IMPORT GROWTH (October 2023 - October 2024)$-4.2M(-5.04%)
MAIN EXPORTER (October 2024)Jiangsu Province$104M
MAIN DESTINATION (October 2024)United States$52.4M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.96B
IMPORTS (2022)$1.12B
NET TRADE (2022)$3.84B

In 2022, China exported $4.96B in Interchangeable Tool Parts. The main destinations of China exports on Interchangeable Tool Parts were United States ($772M), Germany ($452M), Russia ($239M), Canada ($234M), and Mexico ($229M).

In 2022, China imported $1.12B in Interchangeable Tool Parts, mainly from Germany ($289M), Japan ($279M), Chinese Taipei ($169M), South Korea ($87.8M), and United States ($60.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$37.1M (19.3%)
Vietnam$36.7M (29.7%)
Turkey$34.2M (82.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY China WERE (2021 - 2022):
United States-$42.4M (-5.21%)
Thailand-$38.1M (-24.5%)
India-$25M (-12.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Interchangeable Tool Parts were:
Germany $3.88B
United States $2.11B
In 2022, China's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $125M
TOP IMPORT POTENTIALSouth Korea+ $46.2M

Interchangeable Tool Parts’s highest export potential is India. With an export gap of $125M.   Interchangeable Tool Parts’s highest import potential is South Korea with an import gap of $46.2M.

See methodology.

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