China's Exports Of Electro-Mechanical Tools Increased by 8% to $6.7B in 2014
Power-Driven Hand Tools August 12, 2015
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).
