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846390 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.09BRnk 2011 / 4644
2023
Top Exporter | Top Importer $400M | $244MGermany | United States
2023
Product Complexity 1.37Rnk 272 / 4656
2022 - 2023
Export Growth (CAGR) 5.71%Rnk 974 / 4644
2023
Share of World Trade 0.0048%Rnk 2011 / 4644

About

Overview This page contains the latest trade data of Machine-tools (metal, carbides) not metal removal, ne. In 2023, Machine-tools (metal, carbides) not metal removal, ne were the world's 2011th most traded product, with a total trade of $1.09B. Between 2022 and 2023 the exports of Machine-tools (metal, carbides) not metal removal, ne grew by 5.71%, from $1.03B to $1.09B. Trade in Machine-tools (metal, carbides) not metal removal, ne represent 0.0048% of total world trade.

Machine-tools (metal, carbides) not metal removal, ne are a part of Other Non-Metal Removal Machinery.

Exports In 2023 the top exporters of Machine-tools (metal, carbides) not metal removal, ne  were Germany ($400M), China ($192M), Italy ($77.8M), United States ($75.8M), and Switzerland ($38.3M).

Imports In 2023 the top importers of Machine-tools (metal, carbides) not metal removal, ne were United States ($244M), China ($82.2M), India ($56.2M), Turkey ($48.9M), and Germany ($45M).

Ranking Machine-tools (metal, carbides) not metal removal, ne ranks 272nd in the Product Complexity Index (PCI).

Description A machine-tool, as the name suggests, is used to produce other machine-tools. They are used to produce gauges, jigs, and fixtures used in other manufacturing processes. They are also used to produce parts for other machines.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machine-tools (metal, carbides) not metal removal, ne. 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)Germany$400M
Top Destination (2023)United States$244M

In 2023 Machine-tools (metal, carbides) not metal removal, ne were the world's 2011th most traded product (out of 4,644).

In 2023, the top exporters of Machine-tools (metal, carbides) not metal removal, ne were Germany ($400M), China ($192M), Italy ($77.8M), United States ($75.8M), and Switzerland ($38.3M).

In 2023, the top importers of Machine-tools (metal, carbides) not metal removal, ne were United States ($244M), China ($82.2M), India ($56.2M), Turkey ($48.9M), and Germany ($45M).

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Exporters of Machine-tools (metal, carbides) not metal removal, ne (2023)
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Importers of Machine-tools (metal, carbides) not metal removal, ne (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$32.4M
Top Destination Growth (2022 -  2023)Turkey$19.3M

Between 2022 and 2023, the exports of Machine-tools (metal, carbides) not metal removal, ne grew the fastest in Germany ($32.4M), China ($27M), Italy ($17.3M), United States ($16.2M), and Singapore ($6.71M).

Between 2022 and 2023, the fastest growing importers of Machine-tools (metal, carbides) not metal removal, ne were Turkey ($19.3M), Russia ($17.6M), Vietnam ($13.5M), United Kingdom ($10.8M), and Italy ($10.6M).

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Exporters of Machine-tools (metal, carbides) not metal removal, ne (2022 - 2023)

Importers of Machine-tools (metal, carbides) not metal removal, ne (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine-tools (metal, carbides) not metal removal, ne.

In 2023, market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Machine-tools (metal, carbides) not metal removal, ne are explained by 11 countries.

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Value of Exports in Machine-tools (metal, carbides) not metal removal, ne

Net Trade

TOP NET EXPORTER (2023)Germany$355M
TOP NET IMPORTER (2023)United States$169M

This map shows which countries export or import more of Machine-tools (metal, carbides) not metal removal, ne. Each country is colored based on the difference in exports and imports of Machine-tools (metal, carbides) not metal removal, ne during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machine-tools (metal, carbides) not metal removal, ne were Germany ($355M), China ($109M), Italy ($43.1M), Switzerland ($24.8M), and Chinese Taipei ($24.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Machine-tools (metal, carbides) not metal removal, ne were United States ($169M), India ($51.2M), Mexico ($41.1M), Russia ($37.2M), and Turkey ($32.8M).

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 Machine-tools (metal, carbides) not metal removal, ne.
It is possible to select the main countries that export or import Machine-tools (metal, carbides) not metal removal, ne in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine-tools (metal, carbides) not metal removal, ne 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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