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2022
Exports $2.15BWorld Rnk 2 / 199
Flag Rnk 284 / 1216
2022
Destination $57M Japan
2021 - 2022
FASTEST GROWING MARKET $57MJapan
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.64Rnk 34 / 1025
2022
Imports $1.94BWorld Rnk 3 / 220
Flag Rnk 145 / 1212
2022
Origin $8.82M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $8.82MSingapore
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.15B in Metalworking Machine Parts, making it the 2nd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 284th most exported product in China. The main destination of Metalworking Machine Parts exports from China are: Japan ($352M), United States ($313M), Germany ($128M), Chinese Taipei ($114M), and Vietnam ($95.1M).

The fastest growing export markets for Metalworking Machine Parts of China between 2021 and 2022 were Japan ($57M), Vietnam ($31.5M), and Kyrgyzstan ($30.5M).

Imports In 2022, China imported $1.94B in Metalworking Machine Parts, becoming the 3rd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 145th most imported product in China. China imports Metalworking Machine Parts primarily from: Chinese Taipei ($512M), Germany ($432M), Japan ($368M), United States ($167M), and South Korea ($101M).

The fastest growing import markets in Metalworking Machine Parts for China between 2021 and 2022 were Singapore ($8.82M), Norway ($6.3M), and Brazil ($6.21M).

COMPANIES In 2023, leading companies such as Yaheetech (720), Haas Automation (140), and IKEA Group (99) were at the forefront of shipping Metalworking Machine Parts from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Metalworking Machine Parts exports accounted up to $168M and imports accounted up to $108M, resulting in a positive trade balance of $60M. Between October 2023 and October 2024 the exports of China's   Metalworking Machine Parts have increased by $24.3M (16.9%) from $144M to $168M, while imports decreased by $-6.98M (-6.08%) from $115M to $108M.

Destinations In October 2024, Metalworking Machine Parts were exported mostly to Russia ($25.7M), Japan ($22.4M), United States ($18M), Vietnam ($8.33M), and Mexico ($7.03M), and were imported mostly from Germany ($30.4M), Chinese Taipei ($30.1M), Japan ($17.5M), Italy ($6.14M), and South Korea ($4.65M).

Growth In October 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Russia ($8.56M or 252%), Romania ($2.22M or 449%), and Turkey ($2.13M or 134%). In October 2024, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-18.3M or -41.4%), Japan ($-8.39M or -34.8%), and Germany ($-5.24M or -16.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$24.3M(16.9%)
IMPORT GROWTH (October 2023 - October 2024)$-6.98M(-6.08%)
MAIN EXPORTER (October 2024)Jiangsu Province$37M
MAIN DESTINATION (October 2024)Russia$25.7M

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.15B
IMPORTS (2022)$1.94B
NET TRADE (2022)$204M

In 2022, China exported $2.15B in Metalworking Machine Parts. The main destinations of China exports on Metalworking Machine Parts were Japan ($352M), United States ($313M), Germany ($128M), Chinese Taipei ($114M), and Vietnam ($95.1M).

In 2022, China imported $1.94B in Metalworking Machine Parts, mainly from Chinese Taipei ($512M), Germany ($432M), Japan ($368M), United States ($167M), and South Korea ($101M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$57M (19.4%)
Vietnam$31.5M (49.6%)
Kyrgyzstan$30.5M (2.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY China WERE (2021 - 2022):
Chinese Taipei-$80.5M (-41.4%)
United States-$42M (-11.8%)
Thailand-$7.05M (-18.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metalworking Machine Parts were:
Germany $3.59B
United States $2.04B
In 2022, China's main importing competitors in Metalworking Machine Parts were:
United States $2.91B
Germany $2.12B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $77M
TOP IMPORT POTENTIALUnited States+ $44.1M

Metalworking Machine Parts’s highest export potential is India. With an export gap of $77M.   Metalworking Machine Parts’s highest import potential is United States with an import gap of $44.1M.

See methodology.

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