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845899 (Harmonized System 1992 for 6-digit)

2023
World Trade $260MRnk 3455 / 4644
2023
Top Exporter | Top Importer $76.3M | $41.2MChina | India
2023
Product Complexity 0.41Rnk 1828 / 4656
2022 - 2023
Export Growth (CAGR) -8.06%Rnk 2481 / 4644
2023
Share of World Trade 0.0012%Rnk 3455 / 4644

About

Overview This page contains the latest trade data of Lathes nes for removing metal. In 2023, Lathes nes for removing metal were the world's 3455th most traded product, with a total trade of $260M. Between 2022 and 2023 the exports of Lathes nes for removing metal decreased by -8.06%, from $283M to $260M. Trade in Lathes nes for removing metal represent 0.0012% of total world trade.

Lathes nes for removing metal are a part of Metal Lathes.

Exports In 2023 the top exporters of Lathes nes for removing metal  were China ($76.3M), Chinese Taipei ($34.1M), Japan ($23.8M), Italy ($18M), and United States ($17.6M).

Imports In 2023 the top importers of Lathes nes for removing metal were India ($41.2M), Thailand ($19.8M), Germany ($12.8M), United States ($12.8M), and Indonesia ($10M).

Ranking Lathes nes for removing metal ranks 1828th in the Product Complexity Index (PCI).

Description Lathes are typically used to remove metal from the outside of an object. They have a rotating head that is used to remove excess material and create a desired shape. Lathes can also be used to create desired shapes in the metal without removing too much material.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lathes nes for removing metal. 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 (2023)China$76.3M
Top Destination (2023)India$41.2M

In 2023 Lathes nes for removing metal were the world's 3455th most traded product (out of 4,644).

In 2023, the top exporters of Lathes nes for removing metal were China ($76.3M), Chinese Taipei ($34.1M), Japan ($23.8M), Italy ($18M), and United States ($17.6M).

In 2023, the top importers of Lathes nes for removing metal were India ($41.2M), Thailand ($19.8M), Germany ($12.8M), United States ($12.8M), and Indonesia ($10M).

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Exporters of Lathes nes for removing metal (2023)
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Importers of Lathes nes for removing metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$20.5M
Top Destination Growth (2022 -  2023)India$14.5M

Between 2022 and 2023, the exports of Lathes nes for removing metal grew the fastest in China ($20.5M), India ($3.33M), Netherlands ($2.55M), Czechia ($1.61M), and Bulgaria ($736k).

Between 2022 and 2023, the fastest growing importers of Lathes nes for removing metal were India ($14.5M), Mexico ($5.56M), Germany ($4.03M), United Arab Emirates ($3.93M), and Russia ($2.96M).

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Exporters of Lathes nes for removing metal (2022 - 2023)

Importers of Lathes nes for removing metal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lathes nes for removing metal.

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Lathes nes for removing metal are explained by 15 countries.

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Value of Exports in Lathes nes for removing metal

Net Trade

TOP NET EXPORTER (2023)China$73.1M
TOP NET IMPORTER (2023)India$33.8M

This map shows which countries export or import more of Lathes nes for removing metal. Each country is colored based on the difference in exports and imports of Lathes nes for removing metal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lathes nes for removing metal were China ($73.1M), Chinese Taipei ($32.1M), Japan ($22.6M), Italy ($11.2M), and Czechia ($8.96M).

In 2023, the countries that had a largest trade value in imports than in exports of Lathes nes for removing metal were India ($33.8M), Thailand ($17.6M), Indonesia ($10M), Mexico ($9.3M), and Russia ($8.02M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Lathes nes for removing metal by percentage of total exports

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 (2023)

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