Abstract: Based on 4 statistical tables and 28 analysis charts, this paper analyzes the growth of major economic indicators of the country and industry in 2017, and points out that the industry has come out of the trough in 2017. But sawing and drilling tools developed not so good due to the downturn in real estate. In this paper, it is analyzed in detail that import/export data of China′s customs statistics, and also the import data of the major developed economies of the United States, the European Union and Japan. The data show that China′s superhard materials products have a dominant position in the world, but there is a big gap between China′s precision tools like grinding wheel and cutting tools and developed countries′ products, such products have broad space for development.