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2022
Exports $168MWorld Rnk 4 / 165
Flag Rnk 803 / 1216
2022
Destination $4.05M Vietnam
2021 - 2022
FASTEST GROWING MARKET $4.05MMalaysia
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $408MWorld Rnk 1 / 206
Flag Rnk 391 / 1212
2022
Origin $17.8M United States
2021 - 2022
FASTEST GROWING ORIGIN $17.8MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $168M in Tensile Testing Machines, making it the 4th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 803rd most exported product in China. The main destination of Tensile Testing Machines exports from China are: Vietnam ($14.8M), United States ($13.5M), Russia ($9.23M), Germany ($8.25M), and India ($7.46M).

The fastest growing export markets for Tensile Testing Machines of China between 2021 and 2022 were Malaysia ($4.05M), Russia ($3.23M), and Singapore ($1.69M).

Imports In 2022, China imported $408M in Tensile Testing Machines, becoming the 1st largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 391st most imported product in China. China imports Tensile Testing Machines primarily from: United States ($183M), Germany ($75.8M), United Kingdom ($30.4M), Switzerland ($21.1M), and Chinese Taipei ($19.5M).

The fastest growing import markets in Tensile Testing Machines for China between 2021 and 2022 were United States ($17.8M), Switzerland ($6.16M), and Chinese Taipei ($2.18M).

COMPANIES In 2023, leading companies such as CrimsonLogic (524), Robert Bosch (1), and Schaeffler Group (1) were at the forefront of shipping Tensile Testing Machines from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Tensile Testing Machines exports accounted up to $17.4M and imports accounted up to $36.2M, resulting in a negative trade balance of $18.9M. Between October 2023 and October 2024 the exports of China's   Tensile Testing Machines have increased by $2.64M (17.9%) from $14.7M to $17.4M, while imports increased by $1.79M (5.21%) from $34.4M to $36.2M.

Destinations In October 2024, Tensile Testing Machines were exported mostly to Russia ($1.92M), Vietnam ($1.61M), India ($1.06M), Thailand ($995k), and United States ($848k), and were imported mostly from United States ($18.7M), Germany ($5.15M), Switzerland ($3.73M), United Kingdom ($3.17M), and Japan ($1.68M).

Growth In October 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to Malaysia ($3.33M or 608%), Australia ($917k or 1.19k%), and India ($549k or 107%). In October 2024, the increase in Tensile Testing Machines's year-by-year imports was explained primarily by an increase in imports from United States ($8.73M or 109%), France ($412k or 474%), and Finland ($206k or 38.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.64M(17.9%)
IMPORT GROWTH (October 2023 - October 2024)$1.79M(5.21%)
MAIN EXPORTER (October 2024)Guangdong Province$5.24M
MAIN DESTINATION (October 2024)Russia$1.92M

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$168M
IMPORTS (2022)$408M
NET TRADE (2022)-$240M

In 2022, China exported $168M in Tensile Testing Machines. The main destinations of China exports on Tensile Testing Machines were Vietnam ($14.8M), United States ($13.5M), Russia ($9.23M), Germany ($8.25M), and India ($7.46M).

In 2022, China imported $408M in Tensile Testing Machines, mainly from United States ($183M), Germany ($75.8M), United Kingdom ($30.4M), Switzerland ($21.1M), and Chinese Taipei ($19.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$4.05M (123%)
Russia$3.23M (53.9%)
Singapore$1.69M (82.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY China WERE (2021 - 2022):
Japan-$5.22M (-52.4%)
Hong Kong-$2.04M (-31.4%)
Thailand-$1.94M (-26.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, China's main importing competitors in Tensile Testing Machines were:
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.77M
TOP IMPORT POTENTIALItaly+ $4.68M

Tensile Testing Machines’s highest export potential is India. With an export gap of $6.77M.   Tensile Testing Machines’s highest import potential is Italy with an import gap of $4.68M.

See methodology.

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