Metalworking Machines in Germany 2019 Exports | Imports : $777M | $133M, World Rnk 1 / 148 Rnk 318 / 1216 | World Rnk 4 / 216 Rnk 674 / 1215
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $15.1M | $4.36M, South Korea | Italy
2019 ECONOMIC COMPLEXITY of Germany: 1.93, Rnk 4 / 147
2019 PRODUCT COMPLEXITY IN Metalworking Machines: 2.06, Rnk 5 / 1029
Exports In 2019, Germany exported $777M in Metalworking Machines, making it the 1st largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 318th most exported product in Germany. The main destination of Metalworking Machines exports from Germany are: China ($192M), United States ($74.3M), Italy ($66.9M), France ($37.6M), and South Korea ($31.7M).
The fastest growing export markets for Metalworking Machines of Germany between 2018 and 2019 were South Korea ($15.1M), Slovakia ($14.6M), and Argentina ($11.3M).
Imports In 2019, Germany imported $133M in Metalworking Machines, becoming the 4th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 674th most imported product in Germany. Germany imports Metalworking Machines primarily from: Switzerland ($32.8M), Italy ($24.7M), China ($10.6M), Czechia ($10M), and Austria ($9.11M).
The fastest growing import markets in Metalworking Machines for Germany between 2018 and 2019 were Italy ($4.36M), Netherlands ($3.34M), and Austria ($1.98M).
Tariffs In 2017, the average tariff for Germany in Metalworking Machines was 0.61%. The countries with the highest import tariffs for Metalworking Machines were 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%), Mayotte (Most Favoured Nation duty rate treatement, 2.06%), and Reunion (Most Favoured Nation duty rate treatement, 2.06%).
EXPORTS (2019): $777M
IMPORTS (2019): $133M
NET TRADE (2019): $645M
In 2019, Germany exported $777M in Metalworking Machines. The main destinations of Germany exports on Metalworking Machines were China ($192M), United States ($74.3M), Italy ($66.9M), France ($37.6M), and South Korea ($31.7M).
In 2019, Germany imported $133M in Metalworking Machines, mainly from Switzerland ($32.8M), Italy ($24.7M), China ($10.6M), Czechia ($10M), and Austria ($9.11M).
IN 2019, Germany HAD A POSITIVE NET TRADE IN Metalworking Machines WITH:
IN 2019, Germany HAD A NEGATIVE NET TRADE IN Metalworking Machines WITH:
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Germany WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Germany WERE (2018 - 2019):
In 2019, Germany's main exporting competitors in Metalworking Machines were:
In 2019, Germany's main importing competitors in Metalworking Machines were:
In 2017, the average tariff for Germany in Metalworking Machines was 0.61%.
The countries with the highest tariffs for Metalworking Machines in Germany were 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%), Mayotte (Most Favoured Nation duty rate treatement, 2.06%), and Reunion (Most Favoured Nation duty rate treatement, 2.06%).