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2022
Exports $2.04BWorld Rnk 3 / 199
Flag Rnk 153 / 1217
2022
Destination $84.9M Canada
2021 - 2022
FASTEST GROWING MARKET $84.9MCanada
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.64Rnk 34 / 1025
2022
Imports $2.91BWorld Rnk 1 / 220
Flag Rnk 193 / 1216
2022
Origin $108M Germany
2021 - 2022
FASTEST GROWING ORIGIN $108MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.04B in Metalworking Machine Parts, making it the 3rd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 153rd most exported product in United States. The main destination of Metalworking Machine Parts exports from United States are: Canada ($423M), Mexico ($355M), China ($167M), Germany ($106M), and Chinese Taipei ($97.2M).

The fastest growing export markets for Metalworking Machine Parts of United States between 2021 and 2022 were Canada ($84.9M), Mexico ($60.4M), and Indonesia ($25.8M).

Imports In 2022, United States imported $2.91B in Metalworking Machine Parts, becoming the 1st largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 193rd most imported product in United States. United States imports Metalworking Machine Parts primarily from: Germany ($480M), Canada ($416M), Japan ($376M), China ($313M), and Italy ($235M).

The fastest growing import markets in Metalworking Machine Parts for United States between 2021 and 2022 were Canada ($108M), Chinese Taipei ($42.8M), and South Korea ($23.3M).

COMPANIES In 2023, leading companies such as Yaheetech (724), IKEA Group (700), and Haas Automation (359) were at the forefront of shipping Metalworking Machine Parts to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Metalworking Machine Parts exports accounted up to $208M and imports accounted up to $292M, resulting in a negative trade balance of $84.2M. Between April 2023 and April 2024 the exports of United States'   Metalworking Machine Parts have increased by $25.4M (13.9%) from $183M to $208M, while imports increased by $24.6M (9.18%) from $268M to $292M.

Destinations In April 2024, Metalworking Machine Parts were exported mostly to Mexico ($56.2M), Canada ($49.7M), China ($9.25M), Japan ($9.1M), and Germany ($8.54M), and were imported mostly from Canada ($52.1M), Germany ($46.2M), Japan ($30.2M), Chinese Taipei ($30.2M), and China ($24.6M).

Growth In April 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Canada ($7.23M or 18.5%), Poland ($2.89M or 61.2%), and Japan ($2.73M or 51.9%). In April 2024, the increase in Metalworking Machine Parts's year-by-year imports was explained primarily by an increase in imports from Japan ($26.1M or 82.9%), Canada ($11.7M or 58.4%), and Germany ($10.4M or 34.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$25.4M(13.9%)
IMPORT GROWTH (April 2023 - April 2024)$24.6M(9.18%)
MAIN EXPORTER (April 2024)Michigan$42.1M
MAIN DESTINATION (April 2024)Mexico$56.2M

This section shows Metalworking Machine Parts's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.04B
IMPORTS (2022)$2.91B
NET TRADE (2022)-$872M

In 2022, United States exported $2.04B in Metalworking Machine Parts. The main destinations of United States exports on Metalworking Machine Parts were Canada ($423M), Mexico ($355M), China ($167M), Germany ($106M), and Chinese Taipei ($97.2M).

In 2022, United States imported $2.91B in Metalworking Machine Parts, mainly from Germany ($480M), Canada ($416M), Japan ($376M), China ($313M), and Italy ($235M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$84.9M (25.1%)
Mexico$60.4M (20.5%)
Indonesia$25.8M (253%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY United States WERE (2021 - 2022):
Belgium-$14.6M (-18.2%)
Netherlands-$11.7M (-14.2%)
Israel-$6.27M (-42.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Metalworking Machine Parts were:
Germany $3.59B
China $2.15B
In 2022, United States's main importing competitors in Metalworking Machine Parts were:
Germany $2.12B
China $1.94B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $44.1M
TOP IMPORT POTENTIALCanada+ $64.9M

Metalworking Machine Parts’s highest export potential is China. With an export gap of $44.1M.   Metalworking Machine Parts’s highest import potential is Canada with an import gap of $64.9M.

See methodology.

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