HS Icon Metalworking Machines in  Flag Germany

2020
Exports | Imports
: $517M | $102M, World Rnk 1 / 146
Flag Rnk 393 / 1217 | World Rnk 3 / 210
Flag Rnk 725 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $5.95M | $2.27M, Chinese Taipei |  China


ECONOMIC COMPLEXITY of Germany
: 1.88, Rnk 4 / 127


PRODUCT COMPLEXITY  IN Metalworking Machines
: 2.13, Rnk 5 / 1028

Exports In 2020, Germany exported $517M in Metalworking Machines, making it the 1st largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 393rd most exported product in Germany. The main destination of Metalworking Machines exports from Germany are: China ($137M), United States ($64.5M), Italy ($32.5M), Russia ($25.9M), and France ($17.2M).

The fastest growing export markets for Metalworking Machines of Germany between 2019 and 2020 were Chinese Taipei ($5.95M), Romania ($3.57M), and Turkey ($2.71M).

Imports In 2020, Germany imported $102M in Metalworking Machines, becoming the 3rd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 725th most imported product in Germany. Germany imports Metalworking Machines primarily from: Italy ($21.7M), Switzerland ($15.5M), China ($12.9M), Austria ($10.9M), and Czechia ($7.19M).

The fastest growing import markets in Metalworking Machines for Germany between 2019 and 2020 were China ($2.27M), Austria ($1.82M), and Denmark ($1.72M).

Tariffs In 2019, the average tariff for Germany in Metalworking Machines was 0.75%. The countries with the highest import tariffs for Metalworking Machines were Republic of the Congo (Most Favoured Nation duty rate treatement, 2.06%), Western Sahara (Most Favoured Nation duty rate treatement, 2.06%), Gabon (Most Favoured Nation duty rate treatement, 2.06%), Libya (Most Favoured Nation duty rate treatement, 2.06%), and Mayotte (Most Favoured Nation duty rate treatement, 2.06%).

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Subnational Monthly Trade

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The following visualization shows the latest trends on Metalworking Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $517M

IMPORTS (2020): $102M

NET TRADE (2020): $415M

In 2020, Germany exported $517M in Metalworking Machines. The main destinations of Germany exports on Metalworking Machines were China ($137M), United States ($64.5M), Italy ($32.5M), Russia ($25.9M), and France ($17.2M).

In 2020, Germany imported $102M in Metalworking Machines, mainly from Italy ($21.7M), Switzerland ($15.5M), China ($12.9M), Austria ($10.9M), and Czechia ($7.19M).

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IN 2020, Germany HAD A POSITIVE NET TRADE IN Metalworking Machines WITH:

IN 2020, Germany HAD A NEGATIVE NET TRADE IN Metalworking Machines WITH:

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THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Germany WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Germany WERE (2019 - 2020):

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Market Concentration

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In 2019, Germany's main exporting competitors in Metalworking Machines were:

In 2019, Germany's main importing competitors in Metalworking Machines were:

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