HS Icon Metal Lathes

8458 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.5B, Rnk 371 / 1225

Top Exporter (2018): $2.08B, Japan

Top Importer (2018): $1.19B, United States

Product Complexity (2018): 1.9, Rnk 12 / 1018

Export Growth (CAGR)(2017 - 2018): 24.5%, Rnk 240 / 1225

Mean Tariff (2018): 5.2%, Rnk 793 / 1259

Share of World Trade (2018): 0.046%, Rnk 371 / 1225

Overview: In 2018, Metal Lathes were the world's 371st most traded product, with a total trade of $8.5B. Between 2017 and 2018 the exports of Metal Lathes grew by 24.5%, from  $6.82B to $8.5B. Trade in Metal Lathes represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Metal Lathes  were Japan ($2.08B), Germany ($1.3B), South Korea ($934M), Chinese Taipei ($721M), and China ($599M).

Imports: In 2018 the top importers of Metal Lathes were United States ($1.19B), China ($1.05B), Germany ($872M), Italy ($456M), and Belgium-Luxembourg ($345M).

Tariffs: In 2018 the average tariff for Metal Lathes was 5.2%, been the 793 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal Lathes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Iran (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Metal Lathes ranks 12th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $2.08B

Top Destination (2018): United States, $1.19B

Metal Lathes are the world's 371st most traded product.

In 2018, the top exporters of Metal Lathes were Japan ($2.08B), Germany ($1.3B), South Korea ($934M), Chinese Taipei ($721M), and China ($599M).

In 2018, the top importers of Metal Lathes were United States ($1.19B), China ($1.05B), Germany ($872M), Italy ($456M), and Belgium-Luxembourg ($345M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $335M

Top Destination Growth (2017 - 2018): China, $300M

Between 2017 and 2018, the exports of Metal Lathes grew the fastest in Germany ($335M), South Korea ($267M), Belgium-Luxembourg ($235M), United States ($139M), and China ($126M).

Between 2017 and 2018, the fastest growing importers of Metal Lathes were China ($300M), Germany ($282M), United States ($240M), Italy ($122M), and Canada ($92.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Metal Lathes.

In 2018,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Metal Lathes are explained by 13 countries.

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TOP NET EXPORTER (2018): Japan, $1.83B

TOP NET IMPORTER (2018): United States, $806M

This map shows which countries export or import more of Metal Lathes. Each country is colored based on the difference in exports and imports of Metal Lathes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Metal Lathes were Japan ($1.83B), South Korea ($826M), Chinese Taipei ($617M), Germany ($431M), and Belgium-Luxembourg ($98.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Metal Lathes were United States ($806M), China ($454M), Mexico ($307M), France ($236M), and Russia ($228M).

Trade Forecasts

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This section shows forecasts for total trade for Metal Lathes. 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 Metal Lathes was 5.2%.  The countries with the highest tariffs for importing Metal Lathes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Iran (15%), and Cambodia (15%).

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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.