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Pricing

2022
Exports | Imports $4.96B | $1.12BWorld Rnk 1 / 213
Flag Rnk 145 / 1216
World Rnk 4 / 225
Flag Rnk 201 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $37.1M | $7.03MMexico |  Ireland
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.65Rnk 27 / 1025

About

Exports In 2022, China exported $4.96B in Interchangeable Tool Parts, making it the 1st largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 145th most exported product in China. The main destination of Interchangeable Tool Parts exports from China are: United States ($772M), Germany ($452M), Russia ($239M), Canada ($234M), and Mexico ($229M).

The fastest growing export markets for Interchangeable Tool Parts of China between 2021 and 2022 were Mexico ($37.1M), Vietnam ($36.7M), and Turkey ($34.2M).

Imports In 2022, China imported $1.12B in Interchangeable Tool Parts, becoming the 4th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 201st most imported product in China. China imports Interchangeable Tool Parts primarily from: Germany ($289M), Japan ($279M), Chinese Taipei ($169M), South Korea ($87.8M), and United States ($60.6M).

The fastest growing import markets in Interchangeable Tool Parts for China between 2021 and 2022 were Ireland ($7.03M), Hong Kong ($5.29M), and Slovenia ($1.54M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (6.37k), COSTCO WHOLESALE COPRORATION (3.19k), and IKEA SUPPLY AG (1.11k) were at the forefront of shipping Interchangeable Tool Parts from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Interchangeable Tool Parts exports accounted up to $321M and imports accounted up to $75.8M, resulting in a positive trade balance of $246M. Between February 2023 and February 2024 the exports of China's   Interchangeable Tool Parts have increased by $64.6M (25.2%) from $257M to $321M, while imports decreased by $-7.67M (-9.19%) from $83.5M to $75.8M.

Destinations In February 2024, Interchangeable Tool Parts were exported mostly to United States ($49.6M), Russia ($25.5M), Germany ($23.4M), Mexico ($21.4M), and India ($15.8M), and were imported mostly from Taiwan ($21.4M), Japan ($16.6M), Germany ($12.6M), South Korea ($8.07M), and Switzerland ($3.02M).

Growth In February 2024, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($17.9M or 129%), Russia ($7.96M or 39.3%), and France ($5.7M or 76.2%). In February 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-8.22M or -30.2%), Taiwan ($-7.07M or -44.4%), and South Korea ($-1.69M or -25.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$64.6M(25.2%)
IMPORT GROWTH (February 2023 - February 2024)$-7.67M(-9.19%)
MAIN EXPORTER (February 2024)Jiangsu Province$97.8M
MAIN DESTINATION (February 2024)United States$49.6M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.96B
IMPORTS (2022)$1.12B
NET TRADE (2022)$3.84B

In 2022, China exported $4.96B in Interchangeable Tool Parts. The main destinations of China exports on Interchangeable Tool Parts were United States ($772M), Germany ($452M), Russia ($239M), Canada ($234M), and Mexico ($229M).

In 2022, China imported $1.12B in Interchangeable Tool Parts, mainly from Germany ($289M), Japan ($279M), Chinese Taipei ($169M), South Korea ($87.8M), and United States ($60.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$37.1M (19.3%)
Vietnam$36.7M (29.7%)
Turkey$34.2M (82.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY China WERE (2021 - 2022):
United States-$42.4M (-5.21%)
Thailand-$38.1M (-24.5%)
India-$25M (-12.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Interchangeable Tool Parts were:
Germany $3.88B
United States $2.11B
In 2022, China's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

Explore Visualizations

Trade Value of Interchangeable Tool Parts by Exporters

Keep Exploring

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