Downstream of Copper Enamelled Wire—Handheld Power Tool Exports Hit a Record High in November [SMM Analysis]

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      According to customs data, in November, China exported 35.4094 million units of power tools, up 10.2% MoM and up 41.7% YoY. From January to November, cumulative exports reached 332.9289 million units, up 28.45% YoY. (HS codes: 84672100, 84672990, 84672290, 84672920, 84672910)

           Source: General Administration of Customs

        Customs data shows that in November 2024, power tool exports continued to grow, increasing by 3.27 million units compared to October, reaching a two-year high. From the breakdown of complete power tool exports, other portable power tools, other portable power saws, and various portable power drills showed significant growth from January to November, with export volumes of 124.1425 million units, 36.799 million units, and 90.2382 million units, respectively, up 41.7%, 32.5%, and 31.9% YoY.

           Source: General Administration of Customs

      From January to November 2024, China exported portable power tools to 219 countries and regions. The US, Russia, and Germany ranked as the top three importers, with import volumes of 56.29 million units, 23.63 million units, and 20 million units, accounting for 16.9%, 7.1%, and 6.01%, respectively. Among them, exports to Germany increased by 45.24% YoY. Additionally, exports to Kazakhstan and Brazil maintained rapid growth, with YoY growth rates of 125.29% and 105.09%, reaching 9.46 million units and 15.49 million units, respectively.

        Source: General Administration of Customs

       SMM will continue to monitor the dynamics of enamelled wire end-users and promptly capture market information.