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Lathes for removing metal

8458 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.71BRnk 425 / 1217
2023
Top Exporter | Top Importer $1.84B | $1.22BJapan | United States
2023
Product Complexity 1.59Rnk 27 / 1044
2022 - 2023
Export Growth (CAGR) 10.2%Rnk 154 / 1217
2023
Share of World Trade 0.034%Rnk 425 / 1217

About

Overview This page contains the latest trade data of Metal Lathes. In 2023, Metal Lathes were the world's 425th most traded product, with a total trade of $7.71B. Between 2022 and 2023 the exports of Metal Lathes grew by 10.2%, from $7B to $7.71B. Trade in Metal Lathes represent 0.034% of total world trade.

Metal Lathes are a part of Machinery, mechanical appliances, & parts. They include Horizontal numerically controlled metal work lathes, Lathes nes numerically controlled for removing metal, Horizontal lathes nes for metal, and Lathes nes for removing metal.

Exports In 2023 the top exporters of Metal Lathes  were Japan ($1.84B), South Korea ($1.02B), China ($1.01B), Germany ($819M), and Chinese Taipei ($743M).

Imports In 2023 the top importers of Metal Lathes were United States ($1.22B), China ($661M), Germany ($590M), Turkey ($500M), and Russia ($474M).

Ranking Metal Lathes ranks 27th in the Product Complexity Index (PCI).

Description Lathes are used to remove metal from a piece of raw material. Lathes can be made from wood, steel, or aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Metal Lathes. 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)Japan$1.84B
Top Destination (2023)United States$1.22B

In 2023 Metal Lathes were the world's 425th most traded product (out of 1,217).

In 2023, the top exporters of Metal Lathes were Japan ($1.84B), South Korea ($1.02B), China ($1.01B), Germany ($819M), and Chinese Taipei ($743M).

In 2023, the top importers of Metal Lathes were United States ($1.22B), China ($661M), Germany ($590M), Turkey ($500M), and Russia ($474M).

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Exporters of Metal Lathes (2023)
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Importers of Metal Lathes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$263M
Top Destination Growth (2022 -  2023)Russia$220M

Between 2022 and 2023, the exports of Metal Lathes grew the fastest in China ($263M), Germany ($116M), Japan ($92.6M), Turkey ($48.8M), and Italy ($38.7M).

Between 2022 and 2023, the fastest growing importers of Metal Lathes were Russia ($220M), Turkey ($96.6M), United States ($89.4M), China ($71.2M), and Netherlands ($62.8M).

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Exporters of Metal Lathes (2022 - 2023)

Importers of Metal Lathes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Metal Lathes.

In 2023, market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Metal Lathes are explained by 13 countries.

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Value of Exports in Metal Lathes

Net Trade

TOP NET EXPORTER (2023)Japan$1.67B
TOP NET IMPORTER (2023)United States$996M

This map shows which countries export or import more of Metal Lathes. Each country is colored based on the difference in exports and imports of Metal Lathes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Metal Lathes were Japan ($1.67B), South Korea ($918M), Chinese Taipei ($671M), China ($351M), and Germany ($228M).

In 2023, the countries that had a largest trade value in imports than in exports of Metal Lathes were United States ($996M), Russia ($469M), Turkey ($394M), Mexico ($227M), and France ($225M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Metal Lathes, disaggragated by their HS6 level were Horizontal numerically controlled metal work lathes ($5.77B), Lathes nes numerically controlled for removing... ($1.23B), Horizontal lathes nes for metal ($452M), and Lathes nes for removing metal ($260M)

HS6 Disaggregation for Metal Lathes (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Metal Lathes.
It is possible to select the main countries that export or import Metal Lathes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Metal Lathes by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $21.1M
TOP IMPORT POTENTIALSouth Korea+ $6.85M

Metal Lathes’s highest export potential is China. With an export gap of $21.1M.  Metal Lathes’s highest import potential is South Korea with an import gap of $6.85M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Metal Lathes.

Country by Relatedness

The following visualization shows the relatedness of Metal Lathes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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