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Machine-tools; (including machines for nailing, stapling, glueing or otherwise assembling) for working wood, cork, bone, hard plastics or rubber or similar hard materials

8465 (Harmonized System 1992 for 4-digit)

2022
World Trade $9.73BRnk 383 / 1218
2022
Top Exporter | Top Importer $2.66B | $1.74BChina | United States
2022
Product Complexity 1.39Rnk 66 / 1033
2021 - 2022
Export Growth (CAGR) -0.55%Rnk 881 / 1218
2022
Share of World Trade 0.041%Rnk 383 / 1218

About

Overview This page contains the latest trade data of Woodworking machines. In 2022, Woodworking machines were the world's 383rd most traded product, with a total trade of $9.73B. Between 2021 and 2022 the exports of Woodworking machines decreased by -0.55%, from $9.78B to $9.73B. Trade in Woodworking machines represent 0.041% of total world trade.

Woodworking machines are a part of Machinery, mechanical appliances, & parts. They include Sawing machines for working wood, cork, etc, Machine tools for wood, cork or hard plastic, etc nes, Multi-purpose machines for wood etc work, Planing and milling machines for wood, cork, etc, Drilling or morticing machines for wood, etc, Splitting, slicing or paring machines for wood, etc, Grinding, sanding, polishing machines for wood, et c, and Bending or assembling machines for wood, etc.

Exports In 2022 the top exporters of Woodworking machines  were China ($2.66B), Germany ($1.99B), Italy ($1.23B), Chinese Taipei ($779M), and Austria ($519M).

Imports In 2022 the top importers of Woodworking machines were United States ($1.74B), Germany ($700M), France ($424M), Canada ($384M), and China ($369M).

Ranking Woodworking machines ranks 66th 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 wood.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Woodworking 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.

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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 (2022)China$2.66B
Top Destination (2022)United States$1.74B

In 2022 Woodworking machines were the world's 383rd most traded product (out of 1,218).

In 2022, the top exporters of Woodworking machines were China ($2.66B), Germany ($1.99B), Italy ($1.23B), Chinese Taipei ($779M), and Austria ($519M).

In 2022, the top importers of Woodworking machines were United States ($1.74B), Germany ($700M), France ($424M), Canada ($384M), and China ($369M).

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Exporters of Woodworking machines (2022)
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Importers of Woodworking machines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$72.5M
Top Destination Growth (2021 -  2022)United Kingdom$44.5M

Between 2021 and 2022, the exports of Woodworking machines grew the fastest in China ($72.5M), Slovenia ($48.1M), Canada ($32.2M), Spain ($29.3M), and Turkey ($26M).

Between 2021 and 2022, the fastest growing importers of Woodworking machines were United Kingdom ($44.5M), France ($43.6M), Italy ($30M), Malaysia ($28.6M), and Austria ($28.5M).

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Exporters of Woodworking machines (2021 - 2022)

Importers of Woodworking machines (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Woodworking machines.

In 2022, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Woodworking machines are explained by 12 countries.

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Value of Exports in Woodworking machines

Net Trade

TOP NET EXPORTER (2022)China$2.29B
TOP NET IMPORTER (2022)United States$1.54B

This map shows which countries export or import more of Woodworking machines. Each country is colored based on the difference in exports and imports of Woodworking machines during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Woodworking machines were China ($2.29B), Germany ($1.29B), Italy ($989M), Chinese Taipei ($689M), and Austria ($193M).

In 2022, the countries that had a largest trade value in imports than in exports of Woodworking machines were United States ($1.54B), Russia ($350M), France ($347M), Vietnam ($337M), and United Kingdom ($321M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Woodworking machines, disaggragated by their HS6 level were Sawing machines for working wood, cork,... ($2.77B), Machine tools for wood, cork or... ($2.24B), Multi-purpose machines for wood etc work ($1.14B), Planing and milling machines for wood,... ($996M), and Drilling or morticing machines for wood,... ($744M)

HS6 Disaggregation for Woodworking machines (2022)
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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 Woodworking machines.
It is possible to select the main countries that export or import Woodworking machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Woodworking machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $47.3M
TOP IMPORT POTENTIALItaly+ $11.1M

Woodworking machines’s highest export potential is India. With an export gap of $47.3M.  Woodworking machines’s highest import potential is Italy with an import gap of $11.1M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Woodworking machines.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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