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846390 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.11BRnk 2078 / 4648
2022
Top Exporter | Top Importer $416M | $247MGermany | United States
2022
Product Complexity 1.33Rnk 327 / 4653
2021 - 2022
Export Growth (CAGR) 59.2%Rnk 128 / 4648
2022
Share of World Trade 0.0047%Rnk 2078 / 4648

About

Overview This page contains the latest trade data of Machine-tools (metal, carbides) not metal removal, ne. In 2022, Machine-tools (metal, carbides) not metal removal, ne were the world's 2078th most traded product, with a total trade of $1.11B. Between 2021 and 2022 the exports of Machine-tools (metal, carbides) not metal removal, ne grew by 59.2%, from $699M to $1.11B. Trade in Machine-tools (metal, carbides) not metal removal, ne represent 0.0047% of total world trade.

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

Exports In 2022 the top exporters of Machine-tools (metal, carbides) not metal removal, ne  were Germany ($416M), China ($173M), United States ($72.8M), Italy ($62.7M), and Switzerland ($55M).

Imports In 2022 the top importers of Machine-tools (metal, carbides) not metal removal, ne were United States ($247M), China ($94M), India ($67.6M), Germany ($48.9M), and Mexico ($44.1M).

Ranking Machine-tools (metal, carbides) not metal removal, ne ranks 327th 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 (2022)Germany$416M
Top Destination (2022)United States$247M

In 2022 Machine-tools (metal, carbides) not metal removal, ne were the world's 2078th most traded product (out of 4,648).

In 2022, the top exporters of Machine-tools (metal, carbides) not metal removal, ne were Germany ($416M), China ($173M), United States ($72.8M), Italy ($62.7M), and Switzerland ($55M).

In 2022, the top importers of Machine-tools (metal, carbides) not metal removal, ne were United States ($247M), China ($94M), India ($67.6M), Germany ($48.9M), and Mexico ($44.1M).

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Exporters of Machine-tools (metal, carbides) not metal removal, ne (2022)
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Importers of Machine-tools (metal, carbides) not metal removal, ne (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$243M
Top Destination Growth (2021 -  2022)United States$152M

Between 2021 and 2022, the exports of Machine-tools (metal, carbides) not metal removal, ne grew the fastest in Germany ($243M), China ($66.1M), United States ($25.1M), France ($15.6M), and United Kingdom ($14.1M).

Between 2021 and 2022, the fastest growing importers of Machine-tools (metal, carbides) not metal removal, ne were United States ($152M), India ($35.9M), Japan ($22.6M), South Korea ($19.2M), and Germany ($18.5M).

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Exporters of Machine-tools (metal, carbides) not metal removal, ne (2021 - 2022)

Importers of Machine-tools (metal, carbides) not metal removal, ne (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.52. 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 (2022)Germany$367M
TOP NET IMPORTER (2022)United States$174M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machine-tools (metal, carbides) not metal removal, ne were Germany ($367M), China ($79.3M), Switzerland ($34.9M), Chinese Taipei ($30.1M), and Italy ($28.2M).

In 2022, 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 ($174M), India ($64.2M), Mexico ($43.3M), Turkey ($23M), and Russia ($19.7M).

Net Trade (2022)

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 (2022)

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