China Machine Tool & Tool Industry Association Tools Branch Secretariat collected and organized the import and export customs data of tools (cutting tools, gauges, measuring instruments) in the first half of 2024, and carried out calculations and analysis for the industry's reference.
In the first half of 2024, the export value of cutting tools was 12.391 billion yuan, up 9.75% year-on-year; the import value was 4.34 billion yuan, up 0.11% year-on-year. Gauges and gauges export value of 1.037 billion yuan, an increase of 19.6%, of which 756 million yuan, an increase of 16.15%; gauge export value of 281 million yuan, an increase of 30%. Gauge and gauge imports of 659 million yuan, down 19.91%, of which gauge imports 122 million yuan, down 41.5%; gauge imports 537 million yuan, down 12.59%.
Analysis of Cutting Tools Import and Export
Cutting tool exports in the first half of 2024 amounted to 12.391 billion yuan, up 9.75% year-on-year, and cutting tool imports amounted to 4.34 billion yuan, up 0.11% year-on-year. Exports are 2.86 times the amount of imports, exports grew larger, imports grew slightly.
The main varieties and amounts of tool exports in the first half of 2024 are: drills (4.265 billion yuan), circular saw blades (2.241 billion yuan), blades (1.429 billion yuan), interchangeable tools (1.41 billion yuan), milling cutters (1.1 billion yuan), tapping tools (516 million yuan), super-hard hole-machining tools (338 million yuan), super-hard interchangeable tools (265 million yuan), bi-metal band saw blades (256 million yuan).
Most of the tool varieties export year-on-year growth, of which, super-hard materials made of working parts of the boring or reaming tool year-on-year growth of 36.78%, other milling tools year-on-year growth of 17.73%, other materials made of working parts of the unlisted interchangeable tools year-on-year growth of 17.39%, coated inserts year-on-year growth of 8.15%, non-coated inserts year-on-year growth of 9.03%, drill bit year-on-year growth of 9.87%. However, taps decreased by 4.71% year-on-year.
Image Figure 1 Breakdown of tool exports in the first half of 2024
The main varieties and amounts of tool imports in the first half of 2024 were: inserts ($1.954 billion), drills ($558 million), milling cutters ($487 million), tapping tools ($422 million), interchangeable tools ($252 million), super-hard interchangeable tools ($117 million), and boring and reaming tools ($113 million).
Imports of coated inserts increased 7.12% year-on-year, while imports of uncoated inserts decreased 10% year-on-year.
Picture Figure 2 Cutting tool import classification, H1 2024
Carbide inserts import and export in the first half of 2024, imports (1.865 billion yuan) is exports (1.316 billion yuan) of 1.42 times, import and export of the ratio of the amount of blades further narrowed. Coated carbide inserts exports increased by 8.15% year-on-year, while imports increased by 7.12% year-on-year, exports continued to grow, imports from decline to increase. Non-coated carbide insert exports increased 9.03% year-on-year, while imports fell 10% year-on-year, export growth, imports fell.
Coated inserts import sources are mainly Japan, Sweden, Germany, Israel, India, the United States, South Korea and so on. Non-coated blades import sources are mainly Japan, Germany, South Korea, Thailand, China Taiwan, the United States, Israel and so on.
Coated blades are mainly exported from Russia, India, Germany, the United States, Turkey, South Korea, Serbia and so on. Non-coated blades are mainly exported from Russia, India, the United States, Germany, Japan, Mexico, Singapore and so on.
Cutting tool import and export unit price, the same commodity code products, imported cutting tool prices are much higher than export prices. For example: the average import price of coated blades is about 2.99 times the average export price, uncoated blades for 4.47 times, tapping tools for 8.88 times.
Export unit price changes in cutting tool varieties are: milling cutter unit price decreased by 5.62% year-on-year, the unit price of drills increased by 3.87% year-on-year, the unit price of taps decreased by 7.59% year-on-year, bimetallic band saws decreased by 7.44% year-on-year, coated blades decreased by 3.27% year-on-year, uncoated blades increased by 1.42% year-on-year unit price.
Analysis of imports and exports of gauges and measuring instruments
The export value of gauges and measuring instruments in the first half of 2024 amounted to 1.037 billion yuan, a year-on-year increase of 19.6%. Among them, exports of gauges (micrometers, calipers and gauges) amounted to 756 million yuan, up 16.15% year-on-year; exports of gauges (coordinate measuring instruments, contour projectors) amounted to 281 million yuan, up 30% year-on-year.
Gauges and gauges imports, the first half of 2024 imports of 659 million yuan, down 19.91% year-on-year. Among them, gauge imports 122 million yuan, down 41.5% year-on-year, measuring instruments (coordinate measuring instruments, contour projectors) imports 537 million yuan, down 12.59% year-on-year.
Import and export unit price, comparing the same commodity code products, imported gauges and gauges prices are much higher than export prices.
Gauge exports (756 million yuan) is much larger than imports (122 million yuan), gauge exports (281 million yuan) is much smaller than imports (537 million yuan), gauge and gauge exports increased significantly, gauge and gauge imports fell significantly.
Additional Note: Customs data are classified according to the Customs Import and Export Commodity Codes, which are not fully consistent with customary industry classifications. The products listed may not include all the tool products, may also include products that do not belong to the tool industry. When calculating the unit price of products, the unit of circular saw blades, blades, band saw blades is kilogram (kg), and other products are in pieces.