HS Icon Metalworking Transfer Machines

8457 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.4B, Rnk 282 / 1225

Top Exporter (2018): $3.79B, Japan

Top Importer (2018): $3.06B, China

Product Complexity (2018): 2.58, Rnk 1 / 1018

Export Growth (CAGR)(2017 - 2018): 14.4%, Rnk 549 / 1225

Mean Tariff (2018): 4.56%, Rnk 896 / 1259

Share of World Trade (2018): 0.067%, Rnk 282 / 1225

Overview: In 2018, Metalworking Transfer Machines were the world's 282nd most traded product, with a total trade of $12.4B. Between 2017 and 2018 the exports of Metalworking Transfer Machines grew by 14.4%, from  $10.8B to $12.4B. Trade in Metalworking Transfer Machines represent 0.067% of total world trade.

Exports: In 2018 the top exporters of Metalworking Transfer Machines  were Japan ($3.79B), Germany ($2.99B), Chinese Taipei ($1.4B), South Korea ($703M), and United States ($654M).

Imports: In 2018 the top importers of Metalworking Transfer Machines were China ($3.06B), United States ($1.63B), Germany ($690M), Italy ($554M), and India ($522M).

Tariffs: In 2018 the average tariff for Metalworking Transfer Machines was 4.56%, been the 896 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metalworking Transfer Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (14.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Metalworking Transfer Machines ranks 1st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $3.79B

Top Destination (2018): China, $3.06B

Metalworking Transfer Machines are the world's 282nd most traded product.

In 2018, the top exporters of Metalworking Transfer Machines were Japan ($3.79B), Germany ($2.99B), Chinese Taipei ($1.4B), South Korea ($703M), and United States ($654M).

In 2018, the top importers of Metalworking Transfer Machines were China ($3.06B), United States ($1.63B), Germany ($690M), Italy ($554M), and India ($522M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $447M

Top Destination Growth (2017 - 2018): United States, $295M

Between 2017 and 2018, the exports of Metalworking Transfer Machines grew the fastest in Germany ($447M), Chinese Taipei ($216M), South Korea ($195M), Belgium-Luxembourg ($181M), and United States ($142M).

Between 2017 and 2018, the fastest growing importers of Metalworking Transfer Machines were United States ($295M), India ($280M), Vietnam ($153M), Germany ($145M), and Italy ($124M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Metalworking Transfer Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Metalworking Transfer Machines are explained by 9 countries.

TOP NET EXPORTER (2018): Japan, $3.66B

TOP NET IMPORTER (2018): China, $2.84B

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 2018.

In 2018, the countries that had a largest trade value in exports than imports of Metalworking Transfer Machines were Japan ($3.66B), Germany ($2.3B), Chinese Taipei ($1.28B), South Korea ($492M), and Switzerland ($313M).

In 2018, the countries that had a largest trade value in imports than exports of Metalworking Transfer Machines were China ($2.84B), United States ($980M), India ($503M), Mexico ($479M), and Vietnam ($280M).

Trade Forecasts

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This section shows forecasts for total trade for Metalworking Transfer Machines. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Metalworking Transfer Machines was 4.56%.  The countries with the highest tariffs for importing Metalworking Transfer Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (14.6%).

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Product Complexity

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Diversification Frontier

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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.