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2022
Exports $105MWorld Rnk 1 / 139
Flag Rnk 2312 / 4606
2022
Destination $1.73M United States
2021 - 2022
FASTEST GROWING MARKET $1.73MIndia
2022
Imports $1.03MWorld Rnk 42 / 208
Flag Rnk 3934 / 4539
2022
Origin $163k Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $163kUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $105M in Planes, chisels, gouges and similar wood cutting tool, making it the 1st largest exporter of Planes, chisels, gouges and similar wood cutting tool in the world. At the same year, Planes, chisels, gouges and similar wood cutting tool was the 2312th most exported product in China. The main destination of Planes, chisels, gouges and similar wood cutting tool exports from China are: United States ($17.4M), United Kingdom ($7.46M), Germany ($5.48M), Indonesia ($4.48M), and India ($3.67M).

The fastest growing export markets for Planes, chisels, gouges and similar wood cutting tool of China between 2021 and 2022 were India ($1.73M), Netherlands ($1.56M), and Australia ($1.19M).

Imports In 2022, China imported $1.03M in Planes, chisels, gouges and similar wood cutting tool, becoming the 42nd largest importer of Planes, chisels, gouges and similar wood cutting tool in the world. At the same year, Planes, chisels, gouges and similar wood cutting tool was the 3934th most imported product in China. China imports Planes, chisels, gouges and similar wood cutting tool primarily from: Vietnam ($225k), United States ($215k), Hong Kong ($112k), Japan ($78.9k), and Czechia ($73.2k).

The fastest growing import markets in Planes, chisels, gouges and similar wood cutting tool for China between 2021 and 2022 were United States ($163k), Netherlands ($40.1k), and Czechia ($38k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Planes, chisels, gouges and similar wood cutting tool from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Planes, chisels, gouges and similar wood cutting tool exports accounted up to $8.22M and imports accounted up to $48.3k, resulting in a positive trade balance of $8.17M. Between July 2023 and July 2024 the exports of China's   Planes, chisels, gouges and similar wood cutting tool have decreased by $-573k (-6.52%) from $8.79M to $8.22M, while imports decreased by $-14k (-22.4%) from $62.3k to $48.3k.

Destinations In July 2024, Planes, chisels, gouges and similar wood cutting tool were exported mostly to United States ($1.17M), United Kingdom ($578k), Russia ($562k), India ($431k), and Germany ($348k), and were imported mostly from Vietnam ($13k), Canada ($11.5k), Japan ($8.91k), Germany ($7.28k), and United Kingdom ($1.88k).

Growth In July 2024, the decrease in Planes, chisels, gouges and similar wood cutting tool's year-by-year exports was explained primarily by a decrease in exports to France ($-352k or -86.3%), United States ($-292k or -13.1%), and Indonesia ($-255k or -50%). In July 2024, the decrease in Planes, chisels, gouges and similar wood cutting tool's year-by-year imports was explained primarily by a decrease in imports from India ($-52.4k or -99.8%), Germany ($-8.02k or -57%), and Japan ($-4.21k or -41.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-573k(-6.52%)
IMPORT GROWTH (July 2023 - July 2024)$-14k(-22.4%)
MAIN DESTINATION (July 2024)United States$1.17M

This section shows Planes, chisels, gouges and similar wood cutting tool'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 Planes, chisels, gouges and similar wood cutting tool over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Planes, chisels, gouges and similar wood cutting tool throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$105M
IMPORTS (2022)$1.03M
NET TRADE (2022)$104M

In 2022, China exported $105M in Planes, chisels, gouges and similar wood cutting tool. The main destinations of China exports on Planes, chisels, gouges and similar wood cutting tool were United States ($17.4M), United Kingdom ($7.46M), Germany ($5.48M), Indonesia ($4.48M), and India ($3.67M).

In 2022, China imported $1.03M in Planes, chisels, gouges and similar wood cutting tool, mainly from Vietnam ($225k), United States ($215k), Hong Kong ($112k), Japan ($78.9k), and Czechia ($73.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Planes, chisels, gouges and similar wood cutting tool EXPORT MARKETS FOR China WERE (2021 - 2022):
India$1.73M (89.1%)
Netherlands$1.56M (145%)
Australia$1.19M (51.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Planes, chisels, gouges and similar wood cutting tool BY China WERE (2021 - 2022):
Algeria-$1.49M (-75.5%)
United Kingdom-$1.32M (-15.1%)
United States-$953k (-5.19%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Planes, chisels, gouges and similar wood cutting tool were:
United States $19M
United Kingdom $13.5M
In 2022, China's main importing competitors in Planes, chisels, gouges and similar wood cutting tool were:
United States $35.5M
Vietnam $16.1M
Germany $15.8M

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Trade Value of Planes, chisels, gouges and similar wood cutting tool by Exporters

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