Machinery Having Individual Functions in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $19.8B in Machinery Having Individual Functions, making it the 5th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 33rd most exported product in China. The main destination of Machinery Having Individual Functions exports from China are: United States ($2.25B), Singapore ($1.69B), Vietnam ($1.38B), Japan ($1.06B), and India ($931M).

The fastest growing export markets for Machinery Having Individual Functions of China between 2021 and 2022 were Singapore ($713M), United States ($441M), and Vietnam ($250M).

Imports In 2022, China imported $40.8B in Machinery Having Individual Functions, becoming the 1st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 9th most imported product in China. China imports Machinery Having Individual Functions primarily from: Japan ($13.1B), United States ($5.7B), Singapore ($5.54B), South Korea ($5.39B), and Germany ($2.68B).

The fastest growing import markets in Machinery Having Individual Functions for China between 2021 and 2022 were United States ($3.87B), Japan ($3.63B), and Singapore ($2.44B).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (14.2k), AMAZON SERVICES LLC (9.51k), and LG ELECTRONICS U.S.A. INC. (7.48k) were at the forefront of shipping Machinery Having Individual Functions from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Machinery Having Individual Functions exports accounted up to $981M and imports accounted up to $555M, resulting in a positive trade balance of $427M. Between February 2023 and February 2024 the exports of China's Machinery Having Individual Functions have increased by $250M (34.3%) from $731M to $981M, while imports decreased by $-318M (-36.4%) from $873M to $555M.

Destinations In February 2024, Machinery Having Individual Functions were exported mostly to United States ($93.1M), India ($73.1M), Russia ($70.8M), Vietnam ($58.3M), and Mexico ($54.4M), and were imported mostly from Germany ($166M), Japan ($159M), South Korea ($45.8M), United States ($42.5M), and Taiwan ($22.3M).

Growth In February 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Canada ($65.1M or 733%), Australia ($38.3M or 219%), and Mexico ($21.4M or 87.2%). In February 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-128M or -99.9%), Japan ($-93.3M or -27%), and South Korea ($-60.8M or -39.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$250M(34.3%)

IMPORT GROWTH (February 2023 - February 2024)$-318M(-36.4%)

MAIN EXPORTER (February 2024)Jiangsu Province$291M

MAIN DESTINATION (February 2024)United States$93.1M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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