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2023
Exports $905MWorld Rnk 4 / 104
Flag Rnk 442 / 1215
2023
Destination $296M Russia
2022 - 2023
FASTEST GROWING MARKET $296MRussia
2023
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.12Rnk 2 / 1025
2023
Imports $1.78BWorld Rnk 1 / 169
Flag Rnk 153 / 1214
2023
Origin $32.4M Japan
2022 - 2023
FASTEST GROWING ORIGIN $32.4MItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $905M in Metalworking Transfer Machines, making it the 4th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 442nd most exported product in China. The main destination of Metalworking Transfer Machines exports from China are: Russia ($390M), Vietnam ($86.7M), Turkey ($76M), Mexico ($58.8M), and India ($41.7M).

The fastest growing export markets for Metalworking Transfer Machines of China between 2022 and 2023 were Russia ($296M), Vietnam ($40.6M), and Turkey ($37.3M).

Imports In 2023, China imported $1.78B in Metalworking Transfer Machines, becoming the 1st largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 153rd most imported product in China. China imports Metalworking Transfer Machines primarily from: Japan ($926M), Germany ($336M), Chinese Taipei ($190M), Italy ($87.1M), and Switzerland ($62.9M).

The fastest growing import markets in Metalworking Transfer Machines for China between 2022 and 2023 were Italy ($32.4M), Austria ($8.9M), and India ($3.39M).

COMPANIES In 2024, leading companies such as Cummins (20), Costco Wholesale (13), and Poclain Hydraulics (9) were at the forefront of shipping Metalworking Transfer Machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Metalworking Transfer Machines exports accounted up to $95.2M and imports accounted up to $202M, resulting in a negative trade balance of $107M. Between December 2023 and December 2024 the exports of China's   Metalworking Transfer Machines have increased by $24.2M (34.1%) from $71M to $95.2M, while imports increased by $45.6M (29.1%) from $156M to $202M.

Destinations In December 2024, Metalworking Transfer Machines were exported mostly to Russia ($27.5M), Vietnam ($10.2M), Belarus ($10.1M), India ($6.43M), and Turkey ($5.52M), and were imported mostly from Japan ($114M), Chinese Taipei ($18M), Germany ($17.8M), France ($14M), and Italy ($10.7M).

Growth In December 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to India ($3.85M or 139%), Belarus ($2.69M or 201%), and Germany ($2.34M or 281%). In December 2024, the increase in Metalworking Transfer Machines's year-by-year imports was explained primarily by an increase in imports from Japan ($39.6M or 88%), Singapore ($6.92M or 371%), and Chinese Taipei ($5.68M or 49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$24.2M(34.1%)
IMPORT GROWTH (December 2023 - December 2024)$45.6M(29.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Russia$27.5M

This section shows Metalworking Transfer 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 Metalworking Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$905M
IMPORTS (2023)$1.78B
NET TRADE (2023)-$874M

In 2023, China exported $905M in Metalworking Transfer Machines. The main destinations of China exports on Metalworking Transfer Machines were Russia ($390M), Vietnam ($86.7M), Turkey ($76M), Mexico ($58.8M), and India ($41.7M).

In 2023, China imported $1.78B in Metalworking Transfer Machines, mainly from Japan ($926M), Germany ($336M), Chinese Taipei ($190M), Italy ($87.1M), and Switzerland ($62.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$296M (314%)
Vietnam$40.6M (88.2%)
Turkey$37.3M (96.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY China WERE (2022 - 2023):
Malaysia-$12.6M (-51.4%)
Uzbekistan-$11.5M (-96.2%)
Japan-$4.67M (-70.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.78B
Germany $2.04B
Chinese Taipei $960M
In 2023, China's main importing competitors in Metalworking Transfer Machines were:
United States $1.61B
Turkey $670M

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $21.3M
TOP IMPORT POTENTIALSouth Korea+ $35.3M

Metalworking Transfer Machines’s highest export potential is India. With an export gap of $21.3M.   Metalworking Transfer Machines’s highest import potential is South Korea with an import gap of $35.3M.

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