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

Published: Dec 30, 2024 13:46

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【Downstream of Copper Enamelled Wire—Handheld Power Tools Export Volume Hit a Record High in November】According to customs data, in November, China's power tool export volume reached 35.4094 million units, up 10.2% MoM and up 41.7% YoY. From January to November, the cumulative export volume was 332.9289 million units, up 28.45% YoY. (HS codes: 84672100, 84672990, 84672290, 84672920, 84672910)

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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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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