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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)

2023
World Trade $19.9BRnk 204 / 1217
2023
Top Exporter | Top Importer $4.12B | $3.03BGermany | United States
2023
Product Complexity 1.46Rnk 52 / 1044
2022 - 2023
Export Growth (CAGR) 1.51%Rnk 352 / 1217
2023
Share of World Trade 0.088%Rnk 204 / 1217

About

Overview This page contains the latest trade data of Metalworking Machine Parts. In 2023, Metalworking Machine Parts were the world's 204th most traded product, with a total trade of $19.9B. Between 2022 and 2023 the exports of Metalworking Machine Parts grew by 1.51%, from $19.6B to $19.9B. Trade in Metalworking Machine Parts represent 0.088% 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 2023 the top exporters of Metalworking Machine Parts  were Germany ($4.12B), China ($2.27B), United States ($1.68B), Italy ($1.66B), and Japan ($1.45B).

Imports In 2023 the top importers of Metalworking Machine Parts were United States ($3.03B), Germany ($2B), China ($1.62B), France ($828M), and Italy ($787M).

Ranking Metalworking Machine Parts ranks 52nd 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.

Latest Trends

Latest Data

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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.

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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)Germany$4.12B
Top Destination (2023)United States$3.03B

In 2023 Metalworking Machine Parts were the world's 204th most traded product (out of 1,217).

In 2023, the top exporters of Metalworking Machine Parts were Germany ($4.12B), China ($2.27B), United States ($1.68B), Italy ($1.66B), and Japan ($1.45B).

In 2023, the top importers of Metalworking Machine Parts were United States ($3.03B), Germany ($2B), China ($1.62B), France ($828M), and Italy ($787M).

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Exporters of Metalworking Machine Parts (2023)
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Importers of Metalworking Machine Parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$260M
Top Destination Growth (2022 -  2023)Kyrgyzstan$123M

Between 2022 and 2023, the exports of Metalworking Machine Parts grew the fastest in Germany ($260M), Italy ($123M), United States ($104M), Austria ($93.1M), and Spain ($61.8M).

Between 2022 and 2023, the fastest growing importers of Metalworking Machine Parts were Kyrgyzstan ($123M), Canada ($98.6M), Mexico ($69.2M), Russia ($68.6M), and Turkey ($58.8M).

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Exporters of Metalworking Machine Parts (2022 - 2023)

Importers of Metalworking Machine Parts (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Metalworking Machine Parts are explained by 19 countries.

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Value of Exports in Metalworking Machine Parts

Net Trade

TOP NET EXPORTER (2023)Germany$2.12B
TOP NET IMPORTER (2023)United States$1.35B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Metalworking Machine Parts were Germany ($2.12B), Chinese Taipei ($898M), Italy ($868M), Japan ($673M), and China ($650M).

In 2023, the countries that had a largest trade value in imports than in exports of Metalworking Machine Parts were United States ($1.35B), Mexico ($692M), France ($376M), India ($362M), and Russia ($241M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Metalworking Machine Parts, disaggragated by their HS6 level were Parts, accessories nes, metal cutting machine... ($7.42B), Parts, accessories nes, metal shaping machine... ($4.13B), Tool holders, self-opening dieheads, for machine... ($3.16B), Parts, accessories nes, wood, plastic machine... ($1.92B), and Work holders for use with machine... ($1.76B)

HS6 Disaggregation for Metalworking Machine Parts (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 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.

Top 10 Exporters Countries of Metalworking Machine Parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $78.3M
TOP IMPORT POTENTIALChina+ $46M

Metalworking Machine Parts’s highest export potential is France. With an export gap of $78.3M.  Metalworking Machine Parts’s highest import potential is China with an import gap of $46M.

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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 Metalworking Machine Parts.

Country by Relatedness

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.

Relative Relatedness by Country (2023)

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