World - Electro-Mechanical Tools (Drills Of All Kinds, Saws Or Other) - Market Analysis, Forecast, Size, Trends and Insights
China's Exports Of Electro-Mechanical Tools Increased by 8% to $6.7B in 2014
China dominates in the global electro-mechanical tool trade. In 2014, China exported 289 thousand tonnes of electro-mechanical tools totaling 6,676 million USD, 8% over the previous year. Its primary trading partner was the U.S., where it supplied 30.0% of its total electro-mechanical tool exports in value terms, accounting for 66.5% of U.S. total imports.
From 2007 to 2014, China was a net exporter of electro-mechanical tools. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.
Germany and Belgium were among the other main global suppliers of electro-mechanical tools in 2014. However, the fastest growing exporters from 2007 to 2014 were Austria (+14.2% per year) and the U.S. (+9.6% per year). China significantly strengthened its position in the global export structure.
In 2014, China's top 5 trading partners were the U.S., Germany, the United Kingdom, the Russian Federation and the Netherlands, with a combined 51.3% share of China's electro-mechanical tool exports. The share of the U.S. increased (+1.7 percentage points), while the share of the United Kingdom illustrated negative dynamics (-1.4 percentage points).
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global electro-mechanical tool market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
We can help you conduct market research and write a report using the most reliable data