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Pricing

2022
Exports | Imports $500M | $1.85BWorld Rnk 6 / 93
Flag Rnk 579 / 1216
World Rnk 1 / 169
Flag Rnk 150 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $55.4M | $12.3MRussia |  United States
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines1.91Rnk 7 / 1025

About

Exports In 2022, China exported $500M in Metalworking Transfer Machines, making it the 6th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 579th most exported product in China. The main destination of Metalworking Transfer Machines exports from China are: Russia ($94M), Vietnam ($56.9M), Turkey ($38M), Mexico ($26.5M), and Malaysia ($23.9M).

The fastest growing export markets for Metalworking Transfer Machines of China between 2021 and 2022 were Russia ($55.4M), Vietnam ($22.8M), and Mexico ($16.5M).

Imports In 2022, China imported $1.85B in Metalworking Transfer Machines, becoming the 1st largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 150th most imported product in China. China imports Metalworking Transfer Machines primarily from: Japan ($989M), Germany ($358M), Chinese Taipei ($187M), Switzerland ($83.2M), and Singapore ($67.3M).

The fastest growing import markets in Metalworking Transfer Machines for China between 2021 and 2022 were United States ($12.3M), Switzerland ($9.48M), and Norway ($3.19M).

COMPANIES In 2023, leading companies such as TRACTOR SUPPLY COMPANY OF (315), COSTCO WHOLESALE COPRORATION (232), and TE CONNECTIVITY CORPORATION (220) were at the forefront of shipping Metalworking Transfer Machines from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Metalworking Transfer Machines exports accounted up to $71.3M and imports accounted up to $136M, resulting in a negative trade balance of $64.8M. Between February 2023 and February 2024 the exports of China's   Metalworking Transfer Machines have increased by $23.4M (48.8%) from $47.9M to $71.3M, while imports decreased by $-32.6M (-19.3%) from $169M to $136M.

Destinations In February 2024, Metalworking Transfer Machines were exported mostly to Russia ($39.3M), Mexico ($6.75M), Turkey ($3.63M), India ($3.54M), and Vietnam ($2.27M), and were imported mostly from Japan ($60.9M), Germany ($31.3M), Taiwan ($8.53M), Switzerland ($7.4M), and Spain ($7.37M).

Growth In February 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to Russia ($18M or 575%), Turkey ($6.45M or 541%), and Mexico ($5.93M or 269%). In February 2024, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from Japan ($-38.7M or -46.2%), Germany ($-34.1M or -58.4%), and Switzerland ($-9.44M or -72.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$23.4M(48.8%)
IMPORT GROWTH (February 2023 - February 2024)$-32.6M(-19.3%)
MAIN EXPORTER (February 2024)Zhejiang Province$16M
MAIN DESTINATION (February 2024)Russia$39.3M

This section shows Metalworking Transfer 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 Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$500M
IMPORTS (2022)$1.85B
NET TRADE (2022)-$1.35B

In 2022, China exported $500M in Metalworking Transfer Machines. The main destinations of China exports on Metalworking Transfer Machines were Russia ($94M), Vietnam ($56.9M), Turkey ($38M), Mexico ($26.5M), and Malaysia ($23.9M).

In 2022, China imported $1.85B in Metalworking Transfer Machines, mainly from Japan ($989M), Germany ($358M), Chinese Taipei ($187M), Switzerland ($83.2M), and Singapore ($67.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$55.4M (143%)
Vietnam$22.8M (67%)
Mexico$16.5M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY China WERE (2021 - 2022):
Hong Kong-$9.34M (-82.8%)
South Korea-$4.13M (-28.5%)
Hungary-$2.74M (-73%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.84B
Germany $1.79B
Chinese Taipei $1.13B
In 2022, China's main importing competitors in Metalworking Transfer Machines were:
United States $1.5B
Germany $559M

Explore Visualizations

Trade Value of Metalworking Transfer Machines by Exporters

Keep Exploring

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