HS Icon Metalworking Machine Parts

Parts & accessories suited for use only/mainly with machines of headings 8456-8465, including work/tool holders, self-opening dieheads, dividing heads & other special attachments for the machines; tool holders for any type of tool for working in the hand

8466 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Metalworking Machine Parts. In 2021, Metalworking Machine Parts were the world's 217th most traded product, with a total trade of $19.6B. Between 2020 and 2021 the exports of Metalworking Machine Parts grew by 22.2%, from $16.1B to $19.6B. Trade in Metalworking Machine Parts represent 0.093% 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 2021 the top exporters of Metalworking Machine Parts  were Germany ($3.68B), China ($2.02B), United States ($1.81B), Japan ($1.62B), and Italy ($1.62B).

Imports In 2021 the top importers of Metalworking Machine Parts were United States ($2.69B), China ($2.25B), Germany ($2.11B), Japan ($774M), and Italy ($680M).

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 41st 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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $3.68B

Top Destination (2021): United States, $2.69B

Metalworking Machine Parts are the world's 217th most traded product.

In 2021, the top exporters of Metalworking Machine Parts were Germany ($3.68B), China ($2.02B), United States ($1.81B), Japan ($1.62B), and Italy ($1.62B).

In 2021, the top importers of Metalworking Machine Parts were United States ($2.69B), China ($2.25B), Germany ($2.11B), Japan ($774M), and Italy ($680M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $588M

Top Destination Growth (2020 -  2021): United States, $478M

Between 2020 and 2021, the exports of Metalworking Machine Parts grew the fastest in China ($588M), Germany ($564M), Chinese Taipei ($379M), Italy ($312M), and Japan ($245M).

Between 2020 and 2021, the fastest growing importers of Metalworking Machine Parts were United States ($478M), China ($463M), Germany ($393M), Japan ($182M), and Italy ($167M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Metalworking Machine Parts.

In 2021, 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.

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TOP NET EXPORTER (2021): Germany, $1.57B

TOP NET IMPORTER (2021): United States, $882M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Metalworking Machine Parts were Germany ($1.57B), Italy ($935M), Chinese Taipei ($890M), Japan ($842M), and Switzerland ($428M).

In 2021, the countries that had a largest trade value in imports than in exports of Metalworking Machine Parts were United States ($882M), Mexico ($549M), Russia ($292M), Netherlands ($239M), and France ($235M).

Disaggregation

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Value

In 2021, the world most traded Metalworking Machine Parts, disaggragated by their HS6 level were Parts, accessories nes, metal cutting machine... ($7.13B), Parts, accessories nes, metal shaping machine... ($3.83B), Tool holders, self-opening dieheads, for machine... ($3.08B), Parts, accessories nes, wood, plastic machine... ($2.05B), and Work holders for use with machine... ($1.83B)

Country Comparison

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Ranking

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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