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846210 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.14BRnk 1970 / 4644
2023
Top Exporter | Top Importer $178M | $188MUnited States | China
2023
Product Complexity 1.23Rnk 426 / 4656
2022 - 2023
Export Growth (CAGR) 5.51%Rnk 991 / 4644
2023
Share of World Trade 0.005%Rnk 1970 / 4644

About

Overview This page contains the latest trade data of Machine tools to forge, stamp, hammer or press metals. In 2023, Machine tools to forge, stamp, hammer or press metals were the world's 1970th most traded product, with a total trade of $1.14B. Between 2022 and 2023 the exports of Machine tools to forge, stamp, hammer or press metals grew by 5.51%, from $1.08B to $1.14B. Trade in Machine tools to forge, stamp, hammer or press metals represent 0.005% of total world trade.

Machine tools to forge, stamp, hammer or press metals are a part of Forging Machines.

Exports In 2023 the top exporters of Machine tools to forge, stamp, hammer or press metals  were United States ($178M), China ($177M), Germany ($148M), Japan ($101M), and Italy ($89.2M).

Imports In 2023 the top importers of Machine tools to forge, stamp, hammer or press metals were China ($188M), United States ($155M), Mexico ($65.8M), Turkey ($65.2M), and India ($63.4M).

Ranking Machine tools to forge, stamp, hammer or press metals ranks 426th in the Product Complexity Index (PCI).

Description Machine tools are used to forge, stamp, hammer or press metals to form shapes. Stamping is the process of cutting or punching out metal pieces, and forging is the process of heating and shaping the metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machine tools to forge, stamp, hammer or press metals. 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)United States$178M
Top Destination (2023)China$188M

In 2023 Machine tools to forge, stamp, hammer or press metals were the world's 1970th most traded product (out of 4,644).

In 2023, the top exporters of Machine tools to forge, stamp, hammer or press metals were United States ($178M), China ($177M), Germany ($148M), Japan ($101M), and Italy ($89.2M).

In 2023, the top importers of Machine tools to forge, stamp, hammer or press metals were China ($188M), United States ($155M), Mexico ($65.8M), Turkey ($65.2M), and India ($63.4M).

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Exporters of Machine tools to forge, stamp, hammer or press metals (2023)
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Importers of Machine tools to forge, stamp, hammer or press metals (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$81.6M
Top Destination Growth (2022 -  2023)Poland$47M

Between 2022 and 2023, the exports of Machine tools to forge, stamp, hammer or press metals grew the fastest in United States ($81.6M), Germany ($42.9M), Turkey ($28.4M), China ($28.3M), and Italy ($16.7M).

Between 2022 and 2023, the fastest growing importers of Machine tools to forge, stamp, hammer or press metals were Poland ($47M), Mexico ($34.6M), India ($23M), China ($20.5M), and United States ($14.5M).

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Exporters of Machine tools to forge, stamp, hammer or press metals (2022 - 2023)

Importers of Machine tools to forge, stamp, hammer or press metals (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine tools to forge, stamp, hammer or press metals.

In 2023, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Machine tools to forge, stamp, hammer or press metals are explained by 16 countries.

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Value of Exports in Machine tools to forge, stamp, hammer or press metals

Net Trade

TOP NET EXPORTER (2023)Germany$112M
TOP NET IMPORTER (2023)Mexico$64.9M

This map shows which countries export or import more of Machine tools to forge, stamp, hammer or press metals. Each country is colored based on the difference in exports and imports of Machine tools to forge, stamp, hammer or press metals during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machine tools to forge, stamp, hammer or press metals were Germany ($112M), Japan ($80.8M), Chinese Taipei ($62.7M), Italy ($60.3M), and South Korea ($31.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Machine tools to forge, stamp, hammer or press metals were Mexico ($64.9M), India ($60.6M), Poland ($54.9M), Indonesia ($31.4M), and Thailand ($25.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Machine tools to forge, stamp, hammer or press metals 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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