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Converters, ladles, ingot moulds and casting machines; of a kind used metallurgy or in metal foundries

8454 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.81BRnk 696 / 1218
2022
Top Exporter | Top Importer $862M | $350MChina | United States
2022
Product Complexity 1.15Rnk 124 / 1033
2021 - 2022
Export Growth (CAGR) 12.3%Rnk 345 / 1218
2022
Share of World Trade 0.012%Rnk 696 / 1218

About

Overview This page contains the latest trade data of Casting Machines. In 2022, Casting Machines were the world's 696th most traded product, with a total trade of $2.81B. Between 2021 and 2022 the exports of Casting Machines grew by 12.3%, from $2.5B to $2.81B. Trade in Casting Machines represent 0.012% of total world trade.

Casting Machines are a part of Machinery, mechanical appliances, & parts. They include Parts of equipment for metallurgy, foundries, Casting machines used in metallurgy, foundries, Ingot moulds and ladles used in metallurgy/foundries, and Converters used in metallurgy or metal foundries.

Exports In 2022 the top exporters of Casting Machines  were China ($862M), Italy ($360M), Japan ($267M), Germany ($260M), and United States ($208M).

Imports In 2022 the top importers of Casting Machines were United States ($350M), India ($239M), China ($234M), Indonesia ($181M), and Germany ($157M).

Ranking Casting Machines ranks 124th in the Product Complexity Index (PCI).

Description Converters are used to convert one type of material into another. Ladles are used to pour molten metal into molds, and ingot moulds are used to make ingots. Casting machines are used to make various types of metal products, including iron castings, aluminum castings, brass castings, bronze castings, and steel castings.

Latest Trends

Latest Data

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

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$862M
Top Destination (2022)United States$350M

In 2022 Casting Machines were the world's 696th most traded product (out of 1,218).

In 2022, the top exporters of Casting Machines were China ($862M), Italy ($360M), Japan ($267M), Germany ($260M), and United States ($208M).

In 2022, the top importers of Casting Machines were United States ($350M), India ($239M), China ($234M), Indonesia ($181M), and Germany ($157M).

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Exporters of Casting Machines (2022)
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Importers of Casting Machines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$264M
Top Destination Growth (2021 -  2022)Indonesia$114M

Between 2021 and 2022, the exports of Casting Machines grew the fastest in China ($264M), United States ($72M), Italy ($40.8M), Finland ($18.1M), and Canada ($13.4M).

Between 2021 and 2022, the fastest growing importers of Casting Machines were Indonesia ($114M), India ($98.7M), Turkey ($45.6M), Germany ($39M), and China ($35.5M).

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Exporters of Casting Machines (2021 - 2022)

Importers of Casting Machines (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Casting Machines.

In 2022, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Casting Machines are explained by 13 countries.

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Value of Exports in Casting Machines

Net Trade

TOP NET EXPORTER (2022)China$628M
TOP NET IMPORTER (2022)India$188M

This map shows which countries export or import more of Casting Machines. Each country is colored based on the difference in exports and imports of Casting Machines during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Casting Machines were China ($628M), Italy ($272M), Japan ($186M), Germany ($103M), and Switzerland ($60.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Casting Machines were India ($188M), Indonesia ($176M), United States ($142M), Mexico ($114M), and Turkey ($96.4M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Casting Machines, disaggragated by their HS6 level were Parts of equipment for metallurgy, foundries ($1.45B), Casting machines used in metallurgy, foundries ($1.03B), Ingot moulds and ladles used in... ($233M), and Converters used in metallurgy or metal... ($91.1M)

HS6 Disaggregation for Casting Machines (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Casting Machines.
It is possible to select the main countries that export or import Casting Machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Casting Machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $32.2M
TOP IMPORT POTENTIALGermany+ $4.41M

Casting Machines’s highest export potential is India. With an export gap of $32.2M.  Casting Machines’s highest import potential is Germany with an import gap of $4.41M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Casting Machines.

Country by Relatedness

The following visualization shows the relatedness of Casting Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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