Metalworking Transfer Machines2020 World Trade: $7.41B, Rnk 383 / 1217
2020 Top Exporter | Top Importer: $2.08B | $1.74B, Japan | China
2020 Product Complexity: 2.54, Rnk 1 / 1028
2019 - 2020 Export Growth (CAGR): -25.7%, Rnk 1104 / 1217
2018 Mean Tariff: 4.47%, Rnk 923 / 1259
2020 Share of World Trade: 0.044%, Rnk 383 / 1217
Overview This page contains the latest trade data of Metalworking Transfer Machines. In 2020, Metalworking Transfer Machines were the world's 383rd most traded product, with a total trade of $7.41B. Between 2019 and 2020 the exports of Metalworking Transfer Machines decreased by -25.7%, from $9.97B to $7.41B. Trade in Metalworking Transfer Machines represent 0.044% of total world trade.
Metalworking Transfer Machines are a part of Machinery, mechanical appliances, & parts. They include Machining centres, for working metal, Multi-station transfer machines for working metal, and Unit construction machines, metal work.
Exports In 2020 the top exporters of Metalworking Transfer Machines were Japan ($2.08B), Germany ($1.74B), Chinese Taipei ($753M), Italy ($460M), and United States ($379M).
Imports In 2020 the top importers of Metalworking Transfer Machines were China ($1.74B), United States ($1.01B), Germany ($387M), Turkey ($291M), and India ($271M).
Tariffs In 2018 the average tariff for Metalworking Transfer Machines was 4.47%, making it the 923rd lowest tariff using the HS4 product classification.
Ranking Metalworking Transfer Machines ranks 1st in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Metalworking Transfer 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
Metalworking Transfer Machines are the world's 383rd most traded product.
In 2020, the top exporters of Metalworking Transfer Machines were Japan ($2.08B), Germany ($1.74B), Chinese Taipei ($753M), Italy ($460M), and United States ($379M).
In 2020, the top importers of Metalworking Transfer Machines were China ($1.74B), United States ($1.01B), Germany ($387M), Turkey ($291M), and India ($271M).
Trade by country
Top Origin Growth (2019 - 2020): Hong Kong, $32.3M
Top Destination Growth (2019 - 2020): Turkey, $92.5M
Between 2019 and 2020, the exports of Metalworking Transfer Machines grew the fastest in Hong Kong ($32.3M), Bulgaria ($15.5M), Netherlands ($14.3M), Portugal ($3.59M), and Vietnam ($2.49M).
Between 2019 and 2020, the fastest growing importers of Metalworking Transfer Machines were Turkey ($92.5M), Sweden ($43M), Finland ($4.29M), Iran ($3.92M), and Saudi Arabia ($3.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metalworking Transfer Machines.
In 2020, market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Metalworking Transfer Machines are explained by 10 countries.
This map shows which countries export or import more of Metalworking Transfer Machines. Each country is colored based on the difference in exports and imports of Metalworking Transfer Machines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Metalworking Transfer Machines were Japan ($2B), Germany ($1.35B), Chinese Taipei ($658M), Italy ($233M), and South Korea ($226M).
In 2020, the countries that had a largest trade value in imports than in exports of Metalworking Transfer Machines were China ($1.51B), United States ($629M), India ($258M), Turkey ($255M), and Mexico ($212M).
In 2020, the world most traded Metalworking Transfer Machines, disaggragated by their HS6 level were Machining centres, for working metal ($6.63B), Multi-station transfer machines for working metal ($675M), and Unit construction machines, metal work ($107M)
This visualization shows the countries that have an important ratio of their trade related to Metalworking Transfer Machines. It is possible to select the main countries that export or import Metalworking Transfer 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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