China | Imports and Exports | World | Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" from China totalled $ 4.92 billion in 2023. Sales of commodity group 8505 from China decreased by 16.5% in value terms compared to 2022. exports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" decreased by $ 975 million (cumulative exports of commodity group 8505 from China amounted $5.9 billion in 2022)
Exports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" amounted to 0.145% of total exports from China (cumulative merchandise exports from China totalled $ 3.37 trillion in 2023). The share of commodity group 8505 in total exports from China decreased by 0.018 p.p. compared to 2022 (it was 0.164% in 2022 and cumulative exports from China were equal to $ 3.59 trillion).
Exports of commodity group 8505 amounted to 0.549% of total sales of group "" from China in 2023 (the value of exports of commodity group from China amounted to $896 billion in 2023). The share of exports of commodity group 8505 in sales of commodity group from China lowered by 0.068 p.p. compared to 2022 (it was 0.618% in 2022, and exports of commodity group from China were $954 billion).
Where does China export Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads?
Top export destinations of "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" from China in 2023:
- USA with a share of 13.2% (652 million US$)
- Germany with a share of 12.9% (637 million US$)
- Korea with a share of 10.2% (502 million US$)
- Vietnam with a share of 7.85% (387 million US$)
- Japan with a share of 6.62% (326 million US$)
- India with a share of 4.75% (234 million US$)
- Thailand with a share of 3.91% (192 million US$)
- France with a share of 3.64% (179 million US$)
- Poland with a share of 3.51% (173 million US$)
- Mexico with a share of 3.2% (158 million US$)
Exports structure of 8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - from China in 2023 represented by the following main commodity groups:
- 74% (3.68 billion US$): 850511 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, of metal
- 12.3% (606 million US$): 850590 - Electro-magnets n.e.s. in 85.05; electro-magnetic/permanent magnet chucks, clamps & sim. holding devices; parts of the gds. of 85.05
- 9.85% (485 million US$): 850519 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, other than of metal
- 2.97% (146 million US$): 850520 - Electro-magnetic couplings, clutches & brakes
The value of imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" to China totalled $ 750 million in 2023. Sales of commodity group 8505 to China decreased by 15.7% in value terms compared to 2022. imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" decreased by $ 140 million (the value of imports of commodity group 8505 to China was equal to $891 million in 2022)
Imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" accounted for 0.029% of total import flow to China (in 2023, total imports to China amounted to $ 2.55 trillion). The share of commodity group 8505 in total imports to China decreased by 0.003 p.p. compared to 2022 (it was 0.032% in 2022 and cumulative imports to China were equal to $ 2.71 trillion).
Imports of commodity group 8505 reached 0.136% of total imports of group "" to China in 2023 (imports of commodity group to China totalled $548 billion in 2023). The share of purchases of commodity group 8505 in imports of commodity group to China went down by 0.001 p.p. compared to 2022 (it was 0.138% in 2022, and imports of commodity group to China accounted for $644 billion).
Where does China import Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads from?
Top trading partners (import of "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads") of China in 2023:
- Japan with a share of 23% (177 million US$)
- Germany with a share of 19.1% (143 million US$)
- China with a share of 9.55% (71 million US$)
- Korea with a share of 7.27% (54 million US$)
- Vietnam with a share of 6.25% (46 million US$)
- Philippines with a share of 4.53% (34 million US$)
- France with a share of 4.12% (31 million US$)
- USA with a share of 3.83% (28 million US$)
- Other Asia, nes with a share of 2.94% (22 million US$)
- Italy with a share of 2.68% (20 million US$)
Imports structure of 8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - to China in 2023 represented by the following main commodity groups:
- 46% (348 million US$): 850590 - Electro-magnets n.e.s. in 85.05; electro-magnetic/permanent magnet chucks, clamps & sim. holding devices; parts of the gds. of 85.05
- 27% (206 million US$): 850511 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, of metal
- 13.5% (101 million US$): 850520 - Electro-magnetic couplings, clutches & brakes
- 12.5% (94 million US$): 850519 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, other than of metal
