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845899 (Harmonized System 1992 for 6-digit)

2022
World Trade $260MRnk 3528 / 4648
2022
Top Exporter | Top Importer $58.5M | $22.3MChina | United States
2022
Product Complexity 0.43Rnk 1755 / 4653
2021 - 2022
Export Growth (CAGR) -1.98%Rnk 3253 / 4648
2022
Share of World Trade 0.0011%Rnk 3528 / 4648

About

Overview This page contains the latest trade data of Lathes nes for removing metal. In 2022, Lathes nes for removing metal were the world's 3528th most traded product, with a total trade of $260M. Between 2021 and 2022 the exports of Lathes nes for removing metal decreased by -1.98%, from $266M to $260M. Trade in Lathes nes for removing metal represent 0.0011% of total world trade.

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

Exports In 2022 the top exporters of Lathes nes for removing metal  were China ($58.5M), Chinese Taipei ($56.1M), United States ($23.7M), Japan ($13.8M), and Germany ($13.1M).

Imports In 2022 the top importers of Lathes nes for removing metal were United States ($22.3M), Thailand ($20.2M), India ($15.1M), Canada ($11.4M), and Indonesia ($11.2M).

Ranking Lathes nes for removing metal ranks 1755th 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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Flow
Y-AXIS SCALE

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 (2022)China$58.5M
Top Destination (2022)United States$22.3M

In 2022 Lathes nes for removing metal were the world's 3528th most traded product (out of 4,648).

In 2022, the top exporters of Lathes nes for removing metal were China ($58.5M), Chinese Taipei ($56.1M), United States ($23.7M), Japan ($13.8M), and Germany ($13.1M).

In 2022, the top importers of Lathes nes for removing metal were United States ($22.3M), Thailand ($20.2M), India ($15.1M), Canada ($11.4M), and Indonesia ($11.2M).

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Exporters of Lathes nes for removing metal (2022)
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Importers of Lathes nes for removing metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Chinese Taipei$14.7M
Top Destination Growth (2021 -  2022)Indonesia$7.62M

Between 2021 and 2022, the exports of Lathes nes for removing metal grew the fastest in Chinese Taipei ($14.7M), Italy ($4.14M), United Kingdom ($3.2M), United States ($3.12M), and Thailand ($2.71M).

Between 2021 and 2022, the fastest growing importers of Lathes nes for removing metal were Indonesia ($7.62M), Thailand ($7.62M), Malaysia ($5.39M), Chinese Taipei ($3.53M), and Italy ($2.75M).

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Exporters of Lathes nes for removing metal (2021 - 2022)

Importers of Lathes nes for removing metal (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.95. 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 (2022)Chinese Taipei$51.6M
TOP NET IMPORTER (2022)Thailand$16.6M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lathes nes for removing metal were Chinese Taipei ($51.6M), China ($49.3M), Japan ($11.8M), Germany ($5.43M), and Spain ($5.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Lathes nes for removing metal were Thailand ($16.6M), Indonesia ($11M), India ($9.85M), Canada ($9.51M), and Malaysia ($7.59M).

Net Trade (2022)

Country Comparison

Flow
Measure
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 (2022)

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