Glass Working Machines8475 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.6B, Rnk 507 / 1217
2020 Top Exporter | Top Importer: $871M | $557M, United States | Belgium
2020 Product Complexity: 1.49, Rnk 55 / 1028
2019 - 2020 Export Growth (CAGR): 3.15%, Rnk 245 / 1217
2018 Mean Tariff: 3.19%, Rnk 1129 / 1259
2020 Share of World Trade: 0.027%, Rnk 507 / 1217
Overview This page contains the latest trade data of Glass Working Machines. In 2020, Glass Working Machines were the world's 507th most traded product, with a total trade of $4.6B. Between 2019 and 2020 the exports of Glass Working Machines grew by 3.15%, from $4.46B to $4.6B. Trade in Glass Working Machines represent 0.027% of total world trade.
Glass Working Machines are a part of Machinery, mechanical appliances, & parts. They include Parts of hot glass working machines, Machines for manufacturing or hot working glass nes, and Machines to assemble electric lamps, glass envelope.
Exports In 2020 the top exporters of Glass Working Machines were United States ($871M), Germany ($726M), Singapore ($668M), Belgium ($426M), and Italy ($255M).
Imports In 2020 the top importers of Glass Working Machines were Belgium ($557M), United States ($501M), Chinese Taipei ($434M), China ($383M), and France ($259M).
Tariffs In 2018 the average tariff for Glass Working Machines was 3.19%, making it the 1129th lowest tariff using the HS4 product classification.
Ranking Glass Working Machines ranks 55th in the Product Complexity Index (PCI).
Description Machines for assembling electric or electronic lamps, tubes or valves or flashbulbs are used to assemble other goods. They can be made from a variety of materials, including steel and aluminum.
The following visualization shows the latest trends on Glass Working 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $871M
Top Destination (2020): Belgium, $557M
Glass Working Machines are the world's 507th most traded product.
In 2020, the top exporters of Glass Working Machines were United States ($871M), Germany ($726M), Singapore ($668M), Belgium ($426M), and Italy ($255M).
In 2020, the top importers of Glass Working Machines were Belgium ($557M), United States ($501M), Chinese Taipei ($434M), China ($383M), and France ($259M).
Trade by country
Top Origin Growth (2019 - 2020): Singapore, $320M
Top Destination Growth (2019 - 2020): Belgium, $138M
Between 2019 and 2020, the exports of Glass Working Machines grew the fastest in Singapore ($320M), Belgium ($247M), Germany ($218M), India ($33.6M), and Chinese Taipei ($20.1M).
Between 2019 and 2020, the fastest growing importers of Glass Working Machines were Belgium ($138M), Japan ($121M), South Korea ($113M), United States ($111M), and Singapore ($96.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Glass Working Machines.
In 2020, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Glass Working Machines are explained by 14 countries.
TOP NET EXPORTER (2020): Germany, $573M
TOP NET IMPORTER (2020): Chinese Taipei, $264M
This map shows which countries export or import more of Glass Working Machines. Each country is colored based on the difference in exports and imports of Glass Working Machines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Glass Working Machines were Germany ($573M), Singapore ($412M), United States ($371M), Italy ($155M), and Sweden ($113M).
In 2020, the countries that had a largest trade value in imports than in exports of Glass Working Machines were Chinese Taipei ($264M), South Korea ($208M), France ($194M), China ($185M), and Belgium ($131M).
In 2020, the world most traded Glass Working Machines, disaggragated by their HS6 level were Parts of hot glass working machines ($3.56B), Machines for manufacturing or hot working... ($979M), and Machines to assemble electric lamps, glass... ($63M)
This visualization shows the countries that have an important ratio of their trade related to Glass Working Machines. It is possible to select the main countries that export or import Glass Working Machines in the world, or by continent, as well as select the measure of interest.
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.
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