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2022
Exports $764MWorld Rnk 4 / 117
Flag Rnk 501 / 1216
2022
Destination $78.5M Japan
2021 - 2022
FASTEST GROWING MARKET $78.5MRussia
2022
PRODUCT COMPLEXITY IN Metal Lathes1.68Rnk 29 / 1025
2022
Imports $631MWorld Rnk 2 / 189
Flag Rnk 303 / 1212
2022
Origin $5.5M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $5.5MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $764M in Metal Lathes, making it the 4th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 501st most exported product in China. The main destination of Metal Lathes exports from China are: Japan ($150M), Russia ($122M), Germany ($36.2M), United States ($31.4M), and Turkey ($25.4M).

The fastest growing export markets for Metal Lathes of China between 2021 and 2022 were Russia ($78.5M), Japan ($59.3M), and Indonesia ($11.6M).

Imports In 2022, China imported $631M in Metal Lathes, becoming the 2nd largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 303rd most imported product in China. China imports Metal Lathes primarily from: Chinese Taipei ($180M), Japan ($169M), Germany ($101M), South Korea ($53M), and Italy ($40.5M).

The fastest growing import markets in Metal Lathes for China between 2021 and 2022 were United States ($5.5M), Switzerland ($3.94M), and Spain ($2.99M).

COMPANIES In 2023, leading companies such as Yaheetech (41), Ameziel (17), and The Brick (14) were at the forefront of shipping Metal Lathes from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Metal Lathes exports accounted up to $76.8M and imports accounted up to $39.8M, resulting in a positive trade balance of $37M. Between October 2023 and October 2024 the exports of China's   Metal Lathes have decreased by $-21.5M (-21.8%) from $98.3M to $76.8M, while imports decreased by $-6.67M (-14.3%) from $46.5M to $39.8M.

Destinations In October 2024, Metal Lathes were exported mostly to Russia ($17.7M), Japan ($5.36M), Thailand ($4.17M), Mexico ($4.14M), and India ($3.85M), and were imported mostly from Chinese Taipei ($9.97M), South Korea ($9.94M), Japan ($9.04M), Spain ($5.07M), and Thailand ($1.61M).

Growth In October 2024, the decrease in Metal Lathes's year-by-year exports was explained primarily by a decrease in exports to Japan ($-6.39M or -43.4%), Chinese Taipei ($-2.48M or -96.7%), and Ghana ($-1.57M or -97%). In October 2024, the decrease in Metal Lathes's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-5.73M or -69.9%), Chinese Taipei ($-4.81M or -40.5%), and Japan ($-1.05M or -8.17%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-21.5M(-21.8%)
IMPORT GROWTH (October 2023 - October 2024)$-6.67M(-14.3%)
MAIN EXPORTER (October 2024)Zhejiang Province$20.3M
MAIN DESTINATION (October 2024)Russia$17.7M

This section shows Metal Lathes'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 Metal Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$764M
IMPORTS (2022)$631M
NET TRADE (2022)$133M

In 2022, China exported $764M in Metal Lathes. The main destinations of China exports on Metal Lathes were Japan ($150M), Russia ($122M), Germany ($36.2M), United States ($31.4M), and Turkey ($25.4M).

In 2022, China imported $631M in Metal Lathes, mainly from Chinese Taipei ($180M), Japan ($169M), Germany ($101M), South Korea ($53M), and Italy ($40.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$78.5M (178%)
Japan$59.3M (65.6%)
Indonesia$11.6M (97.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY China WERE (2021 - 2022):
Chinese Taipei-$21.1M (-45.9%)
South Korea-$5.58M (-39%)
Ghana-$4.45M (-71.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metal Lathes were:
Japan $1.72B
South Korea $919M
Germany $778M
In 2022, China's main importing competitors in Metal Lathes were:
United States $1.15B
Germany $594M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $22.6M
TOP IMPORT POTENTIALSouth Korea+ $24.6M

Metal Lathes’s highest export potential is India. With an export gap of $22.6M.   Metal Lathes’s highest import potential is South Korea with an import gap of $24.6M.

See methodology.

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