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2022
Exports $7.21BWorld Rnk 1 / 187
Flag Rnk 91 / 1216
2022
Destination $260M Vietnam
2021 - 2022
FASTEST GROWING MARKET $260MUnited States
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery1.71Rnk 22 / 1025
2022
Imports $2.82BWorld Rnk 2 / 213
Flag Rnk 118 / 1212
2022
Origin $35.9M Japan
2021 - 2022
FASTEST GROWING ORIGIN $35.9MCanada
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $7.21B in Rubberworking Machinery, making it the 1st largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 91st most exported product in China. The main destination of Rubberworking Machinery exports from China are: Vietnam ($665M), United States ($546M), India ($493M), Thailand ($336M), and Mexico ($292M).

The fastest growing export markets for Rubberworking Machinery of China between 2021 and 2022 were United States ($260M), India ($104M), and Mexico ($83.1M).

Imports In 2022, China imported $2.82B in Rubberworking Machinery, becoming the 2nd largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 118th most imported product in China. China imports Rubberworking Machinery primarily from: Japan ($950M), Germany ($803M), Chinese Taipei ($169M), South Korea ($150M), and Austria ($126M).

The fastest growing import markets in Rubberworking Machinery for China between 2021 and 2022 were Canada ($35.9M), United States ($22.8M), and Austria ($17M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (77), Goplus (60), and Euromarket Designs (42) were at the forefront of shipping Rubberworking Machinery from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Rubberworking Machinery exports accounted up to $725M and imports accounted up to $217M, resulting in a positive trade balance of $508M. Between October 2023 and October 2024 the exports of China's   Rubberworking Machinery have increased by $210M (40.9%) from $515M to $725M, while imports decreased by $-71.8M (-24.9%) from $289M to $217M.

Destinations In October 2024, Rubberworking Machinery were exported mostly to Vietnam ($91.4M), Russia ($86.9M), India ($72.2M), Indonesia ($45.2M), and Thailand ($35.7M), and were imported mostly from Japan ($88.3M), Germany ($66.6M), Switzerland ($15.2M), Austria ($10.9M), and Italy ($9.09M).

Growth In October 2024, the increase in Rubberworking Machinery's year-by-year exports was explained primarily by an increase in exports to Turkey ($18.8M or 110%), India ($13.1M or 23.3%), and Cambodia ($11.6M or 94.5%). In October 2024, the decrease in Rubberworking Machinery's year-by-year imports was explained primarily by a decrease in imports from Japan ($-36.4M or -38.2%), Chinese Taipei ($-8.19M or -60.9%), and United States ($-4.88M or -40.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$210M(40.9%)
IMPORT GROWTH (October 2023 - October 2024)$-71.8M(-24.9%)
MAIN EXPORTER (October 2024)Zhejiang Province$208M
MAIN DESTINATION (October 2024)Vietnam$91.4M

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.21B
IMPORTS (2022)$2.82B
NET TRADE (2022)$4.39B

In 2022, China exported $7.21B in Rubberworking Machinery. The main destinations of China exports on Rubberworking Machinery were Vietnam ($665M), United States ($546M), India ($493M), Thailand ($336M), and Mexico ($292M).

In 2022, China imported $2.82B in Rubberworking Machinery, mainly from Japan ($950M), Germany ($803M), Chinese Taipei ($169M), South Korea ($150M), and Austria ($126M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$260M (90.7%)
India$104M (26.6%)
Mexico$83.1M (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY China WERE (2021 - 2022):
Thailand-$117M (-25.8%)
Pakistan-$63M (-49.4%)
Serbia-$28.7M (-41.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Rubberworking Machinery were:
Germany $5.5B
Japan $2.29B
In 2022, China's main importing competitors in Rubberworking Machinery were:
United States $4B
Germany $1.66B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $240M
TOP IMPORT POTENTIALItaly+ $55M

Rubberworking Machinery’s highest export potential is India. With an export gap of $240M.   Rubberworking Machinery’s highest import potential is Italy with an import gap of $55M.

See methodology.

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