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2023
Exports $2.22BWorld Rnk 1 / 177
Flag Rnk 256 / 1215
2023
Destination $51.2M United States
2022 - 2023
FASTEST GROWING MARKET $51.2MRussia
2023
PRODUCT COMPLEXITY IN Woodworking machines1.29Rnk 81 / 1025
2023
Imports $251MWorld Rnk 10 / 217
Flag Rnk 461 / 1214
2023
Origin $9.01M Germany
2022 - 2023
FASTEST GROWING ORIGIN $9.01MItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.22B in Woodworking machines, making it the 1st largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 256th most exported product in China. The main destination of Woodworking machines exports from China are: United States ($324M), Vietnam ($250M), Russia ($223M), Germany ($165M), and India ($91.1M).

The fastest growing export markets for Woodworking machines of China between 2022 and 2023 were Russia ($51.2M), Vietnam ($13.4M), and Kazakhstan ($11M).

Imports In 2023, China imported $251M in Woodworking machines, becoming the 10th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 461st most imported product in China. China imports Woodworking machines primarily from: Germany ($126M), Italy ($29.7M), Chinese Taipei ($24M), Japan ($22.1M), and South Korea ($12.3M).

The fastest growing import markets in Woodworking machines for China between 2022 and 2023 were Italy ($9.01M), South Korea ($2.78M), and Denmark ($2.43M).

COMPANIES In 2024, leading companies such as Volvo (164), Robert Bosch (90), and CrimsonLogic (83) were at the forefront of shipping Woodworking machines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Woodworking machines exports accounted up to $231M and imports accounted up to $10.3M, resulting in a positive trade balance of $221M. Between December 2023 and December 2024 the exports of China's   Woodworking machines have increased by $56.2M (32.2%) from $175M to $231M, while imports decreased by $-13.9M (-57.4%) from $24.1M to $10.3M.

Destinations In December 2024, Woodworking machines were exported mostly to United States ($29.1M), Vietnam ($27.6M), Russia ($25.2M), Thailand ($10.9M), and Germany ($10.5M), and were imported mostly from Germany ($5.32M), Chinese Taipei ($1.67M), Italy ($928k), Japan ($702k), and Austria ($374k).

Growth In December 2024, the increase in Woodworking machines's year-by-year exports was explained primarily by an increase in exports to Vietnam ($12.3M or 128%), India ($3.41M or 31.9%), and Thailand ($2.79M or 69.4%). In December 2024, the decrease in Woodworking machines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-4.83M or -60.6%), South Korea ($-596k or -33.3%), and Japan ($-94k or -19.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$56.2M(32.2%)
IMPORT GROWTH (December 2023 - December 2024)$-13.9M(-57.4%)
MAIN EXPORTER (December 2024)Shandong Province$62.5M
MAIN DESTINATION (December 2024)United States$29.1M

This section shows Woodworking 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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.22B
IMPORTS (2023)$251M
NET TRADE (2023)$1.97B

In 2023, China exported $2.22B in Woodworking machines. The main destinations of China exports on Woodworking machines were United States ($324M), Vietnam ($250M), Russia ($223M), Germany ($165M), and India ($91.1M).

In 2023, China imported $251M in Woodworking machines, mainly from Germany ($126M), Italy ($29.7M), Chinese Taipei ($24M), Japan ($22.1M), and South Korea ($12.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$51.2M (29.7%)
Vietnam$13.4M (5.64%)
Kazakhstan$11M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY China WERE (2022 - 2023):
United States-$183M (-36%)
Germany-$92.2M (-35.9%)
Canada-$44.9M (-38.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Woodworking machines were:
Germany $1.75B
Italy $1.23B
In 2023, China's main importing competitors in Woodworking machines were:
United States $1.48B
Germany $532M
France $380M

Explore Visualizations

Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $47.3M
TOP IMPORT POTENTIALItaly+ $11.1M

Woodworking machines’s highest export potential is India. With an export gap of $47.3M.   Woodworking machines’s highest import potential is Italy with an import gap of $11.1M.

See methodology.

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