Metalworking Machine Parts8466 (Harmonized System 1992 for 4-digit)
2020 World Trade: $16B, Rnk 212 / 1217
2020 Top Exporter | Top Importer: $3.12B | $2.2B, Germany | United States
2020 Product Complexity: 1.32, Rnk 94 / 1028
2019 - 2020 Export Growth (CAGR): -15%, Rnk 906 / 1217
2018 Mean Tariff: 3.86%, Rnk 1038 / 1259
2020 Share of World Trade: 0.096%, Rnk 212 / 1217
Overview This page contains the latest trade data of Metalworking Machine Parts. In 2020, Metalworking Machine Parts were the world's 212th most traded product, with a total trade of $16B. Between 2019 and 2020 the exports of Metalworking Machine Parts decreased by -15%, from $18.8B to $16B. Trade in Metalworking Machine Parts represent 0.096% of total world trade.
Metalworking Machine Parts are a part of Machinery, mechanical appliances, & parts. They include Parts, accessories nes, metal cutting machine tools, Parts, accessories nes, metal shaping machine tools, Tool holders, self-opening dieheads, for machine tool, Parts, accessories nes, wood, plastic machine tools, Work holders for use with machine tools, Parts, accessories nes, stone, ceramic machine tools, and Dividing heads/attachments nes for machine tools.
Exports In 2020 the top exporters of Metalworking Machine Parts were Germany ($3.12B), United States ($1.65B), China ($1.44B), Japan ($1.37B), and Italy ($1.29B).
Imports In 2020 the top importers of Metalworking Machine Parts were United States ($2.2B), China ($1.79B), Germany ($1.71B), Japan ($600M), and France ($557M).
Tariffs In 2018 the average tariff for Metalworking Machine Parts was 3.86%, making it the 1038th lowest tariff using the HS4 product classification.
Ranking Metalworking Machine Parts ranks 94th in the Product Complexity Index (PCI).
Description Tool holders are used to hold tools that are used in the production of other goods. Tool holders can be made from a variety of materials, including wood, plastic, and metal.
The following visualization shows the latest trends on Metalworking Machine Parts. 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
Top Origin (2020): Germany, $3.12B
Top Destination (2020): United States, $2.2B
Metalworking Machine Parts are the world's 212th most traded product.
In 2020, the top exporters of Metalworking Machine Parts were Germany ($3.12B), United States ($1.65B), China ($1.44B), Japan ($1.37B), and Italy ($1.29B).
In 2020, the top importers of Metalworking Machine Parts were United States ($2.2B), China ($1.79B), Germany ($1.71B), Japan ($600M), and France ($557M).
Trade by country
Top Origin Growth (2019 - 2020): Philippines, $141M
Top Destination Growth (2019 - 2020): Hong Kong, $129M
Between 2019 and 2020, the exports of Metalworking Machine Parts grew the fastest in Philippines ($141M), Malaysia ($22M), Slovenia ($15.8M), China ($10.6M), and Saudi Arabia ($2.7M).
Between 2019 and 2020, the fastest growing importers of Metalworking Machine Parts were Hong Kong ($129M), China ($25.8M), Australia ($14.8M), Bulgaria ($11.4M), and United Arab Emirates ($11.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metalworking Machine Parts.
In 2020, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Metalworking Machine Parts are explained by 20 countries.
TOP NET EXPORTER (2020): Germany, $1.4B
TOP NET IMPORTER (2020): United States, $549M
This map shows which countries export or import more of Metalworking Machine Parts. Each country is colored based on the difference in exports and imports of Metalworking Machine Parts during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Metalworking Machine Parts were Germany ($1.4B), Italy ($792M), Japan ($773M), Chinese Taipei ($593M), and Switzerland ($345M).
In 2020, the countries that had a largest trade value in imports than in exports of Metalworking Machine Parts were United States ($549M), Mexico ($426M), China ($352M), Russia ($294M), and India ($220M).
In 2020, the world most traded Metalworking Machine Parts, disaggragated by their HS6 level were Parts, accessories nes, metal cutting machine... ($5.53B), Parts, accessories nes, metal shaping machine... ($3.2B), Tool holders, self-opening dieheads, for machine... ($2.39B), Parts, accessories nes, wood, plastic machine... ($1.74B), and Work holders for use with machine... ($1.67B)
This visualization shows the countries that have an important ratio of their trade related to Metalworking Machine Parts. It is possible to select the main countries that export or import Metalworking Machine Parts 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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