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Pricing

Machine-tools; for working any material by removal of material, by laser or other light or photon beam, ultrasonic, electro-discharge, electro-chemical, electron beam, ionic-beam, or plasma arc processes; water-jet cutting machines

8456 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.58BRnk 428 / 1217
2023
Top Exporter | Top Importer $1.97B | $1.05BChina | United States
2023
Product Complexity 1.57Rnk 30 / 1044
2022 - 2023
Export Growth (CAGR) -0.31%Rnk 418 / 1217
2023
Share of World Trade 0.034%Rnk 428 / 1217

About

Overview This page contains the latest trade data of Non-Mechanical Removal Machinery. In 2023, Non-Mechanical Removal Machinery were the world's 428th most traded product, with a total trade of $7.58B. Between 2022 and 2023 the exports of Non-Mechanical Removal Machinery decreased by -0.31%, from $7.61B to $7.58B. Trade in Non-Mechanical Removal Machinery represent 0.034% of total world trade.

Non-Mechanical Removal Machinery are a part of Machinery, mechanical appliances, & parts. They include Laser, light and photon beam process machine tools, Electro-chem/electron beam/plasma arc/etc machine too, Electro-discharge process machine tools, and Ultrasonic process machine tools.

Exports In 2023 the top exporters of Non-Mechanical Removal Machinery  were China ($1.97B), Germany ($1.22B), Japan ($1.11B), Switzerland ($864M), and Italy ($450M).

Imports In 2023 the top importers of Non-Mechanical Removal Machinery were United States ($1.05B), China ($683M), Germany ($673M), Mexico ($334M), and India ($288M).

Ranking Non-Mechanical Removal Machinery ranks 30th in the Product Complexity Index (PCI).

Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and plastics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Non-Mechanical Removal Machinery. 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)China$1.97B
Top Destination (2023)United States$1.05B

In 2023 Non-Mechanical Removal Machinery were the world's 428th most traded product (out of 1,217).

In 2023, the top exporters of Non-Mechanical Removal Machinery were China ($1.97B), Germany ($1.22B), Japan ($1.11B), Switzerland ($864M), and Italy ($450M).

In 2023, the top importers of Non-Mechanical Removal Machinery were United States ($1.05B), China ($683M), Germany ($673M), Mexico ($334M), and India ($288M).

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Exporters of Non-Mechanical Removal Machinery (2023)
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Importers of Non-Mechanical Removal Machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$127M
Top Destination Growth (2022 -  2023)Mexico$86.1M

Between 2022 and 2023, the exports of Non-Mechanical Removal Machinery grew the fastest in China ($127M), Germany ($104M), Italy ($99.2M), United States ($72M), and Poland ($31.1M).

Between 2022 and 2023, the fastest growing importers of Non-Mechanical Removal Machinery were Mexico ($86.1M), Germany ($59.7M), United States ($59.2M), India ($58.5M), and Turkey ($57.8M).

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Exporters of Non-Mechanical Removal Machinery (2022 - 2023)

Importers of Non-Mechanical Removal Machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Non-Mechanical Removal Machinery.

In 2023, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Non-Mechanical Removal Machinery are explained by 12 countries.

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Value of Exports in Non-Mechanical Removal Machinery

Net Trade

TOP NET EXPORTER (2023)China$1.29B
TOP NET IMPORTER (2023)United States$724M

This map shows which countries export or import more of Non-Mechanical Removal Machinery. Each country is colored based on the difference in exports and imports of Non-Mechanical Removal Machinery during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Non-Mechanical Removal Machinery were China ($1.29B), Japan ($953M), Switzerland ($766M), Germany ($551M), and Italy ($184M).

In 2023, the countries that had a largest trade value in imports than in exports of Non-Mechanical Removal Machinery were United States ($724M), Mexico ($304M), India ($265M), Russia ($224M), and Vietnam ($190M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Non-Mechanical Removal Machinery, disaggragated by their HS6 level were Laser, light and photon beam process... ($6.14B), Electro-discharge process machine tools ($947M), Electro-chem/electron beam/plasma arc/etc machine too ($409M), and Ultrasonic process machine tools ($86.5M)

HS6 Disaggregation for Non-Mechanical Removal Machinery (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 Non-Mechanical Removal Machinery.
It is possible to select the main countries that export or import Non-Mechanical Removal Machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Non-Mechanical Removal Machinery by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $11.2M
TOP IMPORT POTENTIALChina+ $18.4M

Non-Mechanical Removal Machinery’s highest export potential is India. With an export gap of $11.2M.  Non-Mechanical Removal Machinery’s highest import potential is China with an import gap of $18.4M.

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 Non-Mechanical Removal Machinery.

Country by Relatedness

The following visualization shows the relatedness of Non-Mechanical Removal Machinery 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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