Export: In the first half of 2023, the export value of cutting tools was 11.289 billion yuan, a year-on-year increase of 0.44%. Among them, the export of milling cutters was 934 million yuan and that of blades was 1.338 billion yuan. Coated inserts increased by 51.56% year-on-year, and the export unit price of milling cutters increased by 31.7% year-on-year.
Import: The import value of cutting tools was 4.335 billion yuan, a year-on-year decrease of 10.89%. Among them, the import of milling cutters was 493 million yuan.
The main export destinations of coated blades are: Russia 31.62%, Germany 15.54%, India 11.08%, the United States 6.10%, Turkey 5.54%, South Korea 4.21%, and Singapore 2.58%.
The main export destinations of non-coated blades are: Russia 23.33%, India 11.25%, Japan 9.68%, the United States 9.39%, Germany 8.88%, Singapore 7.86%, and Mexico 4.28%.
Zhuzhou Tengwen Cemented Carbide is a production and R&D company, mainly producing and selling carbide rolls, carbide Rods, carbide CNC inserts and carbide products so on . The company exports to Turkey, Thailand, India, South Korea, Italy, Germany, etc. The company adheres to customer first and quality first.