Exports of stone sawing – grinding machines tools of Italy and China in the first ten months of 2020

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How did the exports of the largest suppliers of stone sawing – grinding machines tools go in the ten months of 2020?

Stonenews.eu, after researching the statistical data of Eurostat and the General Administration of Customs of the People’s Republic of China, presents the exports of stone sawing – grinding machines- tools (* Hs Codes: 846410, 846420, 846490) of Italy and China between the first ten months of 2019 – 2020.

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Italy and China are the largest exporters of stone sawing and grinding machines tools in the world. Italy is the oldest and largest manufacturer of machinery in the world. However, with the increase in the value of exports between 2010 – 2019 by + 72.3%, China is now the second largest supplier in the world.

The COVID-19 pandemic and the lockdown negatively affected the two countries’ exports. Nevertheless, statistics show that Italy recorded a larger decline than China. In the total exports of stone sawing – grinding machines tools between the first ten months of 2019 – 2020, Italy recorded a decrease in value -15.82% and China -6.26%.

The decrease in exports in the first ten months of 2020, to the main destinations of 2019, had a decisive effect on the total value of exports of stone sawing – grinding machines tools in Italy. Specifically, a decline was recorded in exports to India -70.68%, Poland -53.61%, Germany -38.9%, Spain -13.49% and the United States. -11.54%. The only country in which exports increased was Egypt with + 118.27%.

Regarding China’s exports to the main destinations of 2019, a decline was recorded in the first ten months of 2020 to Egypt with -36.05%, Malaysia -33.55%, India -21.7%, Vietnam -12.39%, Russia -1 , 81%. In exports to the USA there was an increase of + 7.62%.

In the Table below we see the changes (%) between the firstvten months of 2019 – 2020 in the exports of stone sawing – grinding machines of Italy and China.

In the Table we observe the effects of the COVID-19 pandemic and the lockdown in both countries, taking into account that the crisis hit first China and then Italy.

In stone sawing machines (Hs Code: 846410) the total decline in the value of exports between the first ten months of 2019 – 2020 of Italy was -11.05%. On the contrary, China’s exports increased by + 2.18%. The month with the lowest exports to Italy was April while the highest was July. For China, the month with the lowest exports was February, while the month with the highest was June. Overall, during the 2020s, Italy’s exports fluctuated widely, while China’s, with the exception of February, remained relatively stable.

In stone grinding machines (Hs Code: 846420) both countries recorded a decline in total exports between 2019-2020. However, Italy recorded a larger decline in the value of exports by -39.51% compared to China which was -15.79 %. The month with the lowest exports to Italy was April while the highest was October. The month with the lowest exports to China was February while the month with the highest was January.

In machine tools for working stones (Hs Code: 846490) the fall of Italy was greater than that of China. Specifically, the total decline in the value of exports between the first ten months of 2019-2020 of Italy was -10.28% while that of China was -7.22%. The month with the lowest exports to Italy was April while the highest was July. For China, the month with the lowest exports was February, while the month with the highest was January.

 

* The statistics are derived from the analysis of the Harmonized System (HS) Codes:

84641010: Sawing machine of disk saw.

84641020: Sawing machine of scroll saw.

84641090: Other sawing machine, nes.

84642090: Other grinding or polishing machines, nes.

84649090: Other machine-tools for working stone, ceramics, concrete, nes.

84641000: Sawing machines for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold-working glass (excl. machines for working in the hand)(2007-2500);Sawing machines for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass (excl. machines for working in the hand)(1988-1994).

84642080: Grinding or polishing machines, for working stones, concrete, asbestos cement or similar mineral substances (excl. for cold-working glass, hand-operated machines and machines for working semiconductor wafers)(2010-2500);Sawing machines for working stones, ceramic goods, concrete, asbestos cement or similar mineral substances (excl. for cold-working glass, hand-operated machines and machines for working semiconductor wafers)(1995-1997).

84649000: Machine tools for working stones, concrete, asbestos cement or similar mineral substances or for cold-working glass (excl. sawing machines, grinding machines, polishing machines, hand-operated machines and machines for scribing or scoring semiconductor wafers)(2010-2500);Machine-tools for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass (excl. sawing, grinding or polishing machines and machines for working in the hand)(1988-1994).

*Due to consistent data flow, statistics may alter during the year

For more statistics contact [email protected]