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    China's machinery industry is one of the leading pillars of the Chinese national economy. Its main business revenue increased about 7% in 2016 to reach a total value of USD 3.5 trillion. China's manufacturing industry witnessed a further recovery in 2016, indicating stable development of the world's second-largest economy.

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    Machinery manufacturing is one of the largest and most competitive sectors of the U.S. manufacturing economy. After a sharp decline in exports in 2009 and subsequent recovery, exports of capital equipment totaled $166 billion in 2015. Leading markets for U.S. machinery exports in 2015 included Canada, Mexico, China, South Korea, and Japan.

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