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846229 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.24BRnk 1954 / 4648
2022
Top Exporter | Top Importer $288M | $211MChina | United States
2022
Product Complexity 1.15Rnk 564 / 4653
2021 - 2022
Export Growth (CAGR) 8.97%Rnk 1729 / 4648
2022
Share of World Trade 0.0052%Rnk 1954 / 4648

About

Overview This page contains the latest trade data of Machine tools to bend, fold, shear or press metal, ne. In 2022, Machine tools to bend, fold, shear or press metal, ne were the world's 1954th most traded product, with a total trade of $1.24B. Between 2021 and 2022 the exports of Machine tools to bend, fold, shear or press metal, ne grew by 8.97%, from $1.14B to $1.24B. Trade in Machine tools to bend, fold, shear or press metal, ne represent 0.0052% of total world trade.

Machine tools to bend, fold, shear or press metal, ne are a part of Forging Machines.

Exports In 2022 the top exporters of Machine tools to bend, fold, shear or press metal, ne  were China ($288M), Italy ($192M), United States ($166M), United Kingdom ($82.9M), and Germany ($65.5M).

Imports In 2022 the top importers of Machine tools to bend, fold, shear or press metal, ne were United States ($211M), Mexico ($70M), China ($65.7M), India ($64.4M), and Canada ($49.6M).

Ranking Machine tools to bend, fold, shear or press metal, ne ranks 564th in the Product Complexity Index (PCI).

Description Machine tools are used to bend, fold, shear, or press metal. This is done by using a punch and die, where the punch is stationary and the die is the movable piece of machinery. The piece of metal is inserted in between the two, and the die is then raised to punch the metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machine tools to bend, fold, shear or press metal, 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)China$288M
Top Destination (2022)United States$211M

In 2022 Machine tools to bend, fold, shear or press metal, ne were the world's 1954th most traded product (out of 4,648).

In 2022, the top exporters of Machine tools to bend, fold, shear or press metal, ne were China ($288M), Italy ($192M), United States ($166M), United Kingdom ($82.9M), and Germany ($65.5M).

In 2022, the top importers of Machine tools to bend, fold, shear or press metal, ne were United States ($211M), Mexico ($70M), China ($65.7M), India ($64.4M), and Canada ($49.6M).

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Exporters of Machine tools to bend, fold, shear or press metal, ne (2022)
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Importers of Machine tools to bend, fold, shear or press metal, ne (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$67.8M
Top Destination Growth (2021 -  2022)United States$52.3M

Between 2021 and 2022, the exports of Machine tools to bend, fold, shear or press metal, ne grew the fastest in United Kingdom ($67.8M), Italy ($63.4M), United States ($45.5M), China ($42.6M), and France ($7.03M).

Between 2021 and 2022, the fastest growing importers of Machine tools to bend, fold, shear or press metal, ne were United States ($52.3M), Mexico ($24.9M), India ($18.6M), China ($13.4M), and Paraguay ($10.7M).

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Exporters of Machine tools to bend, fold, shear or press metal, ne (2021 - 2022)

Importers of Machine tools to bend, fold, shear or press metal, ne (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine tools to bend, fold, shear or press metal, ne.

In 2022, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Machine tools to bend, fold, shear or press metal, ne are explained by 15 countries.

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Value of Exports in Machine tools to bend, fold, shear or press metal, ne

Net Trade

TOP NET EXPORTER (2022)China$223M
TOP NET IMPORTER (2022)Mexico$63M

This map shows which countries export or import more of Machine tools to bend, fold, shear or press metal, ne. Each country is colored based on the difference in exports and imports of Machine tools to bend, fold, shear or press metal, ne during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machine tools to bend, fold, shear or press metal, ne were China ($223M), Italy ($168M), United Kingdom ($57.7M), Turkey ($39.1M), and South Korea ($39.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Machine tools to bend, fold, shear or press metal, ne were Mexico ($63M), India ($54.1M), United States ($45.1M), Russia ($40.1M), and Australia ($32.6M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Machine tools to bend, fold, shear or press metal, ne.
It is possible to select the main countries that export or import Machine tools to bend, fold, shear or press metal, ne in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine tools to bend, fold, shear or press metal, 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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