New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Exports | Imports $394M | $488MWorld Rnk 2 / 160
Flag Rnk 622 / 1216
World Rnk 1 / 212
Flag Rnk 352 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $8.41M | $59MVietnam |  Switzerland
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Metalworking Machines1.83Rnk 10 / 1025

About

Exports In 2022, China exported $394M in Metalworking Machines, making it the 2nd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 622nd most exported product in China. The main destination of Metalworking Machines exports from China are: Vietnam ($58.6M), United States ($34.3M), Russia ($23.7M), India ($17M), and Thailand ($15.9M).

The fastest growing export markets for Metalworking Machines of China between 2021 and 2022 were Vietnam ($8.41M), Russia ($7.02M), and Serbia ($2.92M).

Imports In 2022, China imported $488M in Metalworking Machines, becoming the 1st largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 352nd most imported product in China. China imports Metalworking Machines primarily from: Germany ($273M), Switzerland ($81.6M), Japan ($70.7M), Austria ($15.7M), and Chinese Taipei ($11.2M).

The fastest growing import markets in Metalworking Machines for China between 2021 and 2022 were Switzerland ($59M), Germany ($32.2M), and Austria ($7.35M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (871), WAL-MART INC. (134), and CINMAR LLC (110) were at the forefront of shipping Metalworking Machines from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Metalworking Machines exports accounted up to $29.2M and imports accounted up to $38.2M, resulting in a negative trade balance of $8.98M. Between February 2023 and February 2024 the exports of China's   Metalworking Machines have increased by $6.14M (26.6%) from $23.1M to $29.2M, while imports increased by $6.12M (19.1%) from $32.1M to $38.2M.

Destinations In February 2024, Metalworking Machines were exported mostly to Russia ($4.6M), India ($2.89M), United States ($2.34M), Mexico ($1.72M), and Germany ($1.21M), and were imported mostly from Germany ($24.8M), Switzerland ($5.88M), Austria ($4.06M), South Korea ($1.38M), and United States ($1.04M).

Growth In February 2024, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Serbia ($964k or 181%), Netherlands ($453k or 168%), and Russia ($364k or 18.1%). In February 2024, the increase in Metalworking Machines's year-by-year imports was explained primarily by an increase in imports from Germany ($7.25M or 42.8%), Switzerland ($3.36M or 159%), and United States ($60.3k or 67.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$6.14M(26.6%)
IMPORT GROWTH (February 2023 - February 2024)$6.12M(19.1%)
MAIN EXPORTER (February 2024)Zhejiang Province$11.5M
MAIN DESTINATION (February 2024)Russia$4.6M

This section shows Metalworking 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 Metalworking Machines over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$394M
IMPORTS (2022)$488M
NET TRADE (2022)-$94.9M

In 2022, China exported $394M in Metalworking Machines. The main destinations of China exports on Metalworking Machines were Vietnam ($58.6M), United States ($34.3M), Russia ($23.7M), India ($17M), and Thailand ($15.9M).

In 2022, China imported $488M in Metalworking Machines, mainly from Germany ($273M), Switzerland ($81.6M), Japan ($70.7M), Austria ($15.7M), and Chinese Taipei ($11.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$8.41M (16.8%)
Russia$7.02M (42.1%)
Serbia$2.92M (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY China WERE (2021 - 2022):
United Kingdom-$13.9M (-59.3%)
Germany-$4.92M (-25.4%)
Thailand-$3.59M (-18.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metalworking Machines were:
Germany $667M
Japan $227M
In 2022, China's main importing competitors in Metalworking Machines were:
United States $272M
India $115M

Explore Visualizations

Trade Value of Metalworking Machines by Exporters

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms