Metal Finishing Machines2020 World Trade: $3.56B, Rnk 580 / 1217
2020 Top Exporter | Top Importer: $813M | $824M, Germany | China
2020 Product Complexity: 1.63, Rnk 34 / 1028
2019 - 2020 Export Growth (CAGR): -27.3%, Rnk 1123 / 1217
2018 Mean Tariff: 4.27%, Rnk 960 / 1259
2020 Share of World Trade: 0.021%, Rnk 580 / 1217
Overview This page contains the latest trade data of Metal Finishing Machines. In 2020, Metal Finishing Machines were the world's 580th most traded product, with a total trade of $3.56B. Between 2019 and 2020 the exports of Metal Finishing Machines decreased by -27.3%, from $4.9B to $3.56B. Trade in Metal Finishing Machines represent 0.021% of total world trade.
Metal Finishing Machines are a part of Machinery, mechanical appliances, & parts. They include Num controlled grinding machines nes, accuracy 0.01mm, Machine tools for finishing metals, nes, Grinding machines nes, accurate to 0.01mm, Honing or lapping machines, Num controlled surface grinders, accurate to 0.01mm, Sharpening (tool, cutter grind) machines, num control, Surface grinding machines accurate to 0.01mm nes, and Sharpening (tool, cutter grind) machines nes.
Exports In 2020 the top exporters of Metal Finishing Machines were Germany ($813M), Japan ($605M), Switzerland ($435M), China ($287M), and Italy ($215M).
Imports In 2020 the top importers of Metal Finishing Machines were China ($824M), United States ($368M), Germany ($253M), India ($157M), and Mexico ($124M).
Tariffs In 2018 the average tariff for Metal Finishing Machines was 4.27%, making it the 960th lowest tariff using the HS4 product classification.
Ranking Metal Finishing Machines ranks 34th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Metal Finishing Machines. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Metal Finishing Machines are the world's 580th most traded product.
In 2020, the top exporters of Metal Finishing Machines were Germany ($813M), Japan ($605M), Switzerland ($435M), China ($287M), and Italy ($215M).
In 2020, the top importers of Metal Finishing Machines were China ($824M), United States ($368M), Germany ($253M), India ($157M), and Mexico ($124M).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $13.1M
Top Destination Growth (2019 - 2020): Ireland, $22.6M
Between 2019 and 2020, the exports of Metal Finishing Machines grew the fastest in Vietnam ($13.1M), Mexico ($4.26M), Belgium ($2.42M), Turkey ($1.21M), and India ($986k).
Between 2019 and 2020, the fastest growing importers of Metal Finishing Machines were Ireland ($22.6M), Philippines ($14.1M), Netherlands ($10.9M), Russia ($8.88M), and Laos ($6.04M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metal Finishing Machines.
In 2020, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Metal Finishing Machines are explained by 13 countries.
This map shows which countries export or import more of Metal Finishing Machines. Each country is colored based on the difference in exports and imports of Metal Finishing Machines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Metal Finishing Machines were Germany ($560M), Japan ($508M), Switzerland ($379M), Chinese Taipei ($156M), and Italy ($141M).
In 2020, the countries that had a largest trade value in imports than in exports of Metal Finishing Machines were China ($537M), United States ($212M), India ($129M), Mexico ($114M), and Russia ($102M).
In 2020, the world most traded Metal Finishing Machines, disaggragated by their HS6 level were Num controlled grinding machines nes, accuracy... ($1.48B), Machine tools for finishing metals, nes ($501M), Num controlled surface grinders, accurate to... ($381M), Honing or lapping machines ($332M), and Sharpening (tool, cutter grind) machines, num... ($276M)
This visualization shows the countries that have an important ratio of their trade related to Metal Finishing Machines. It is possible to select the main countries that export or import Metal Finishing Machines in the world, or by continent, as well as select the measure of interest.
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.
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