Overview: In 2018, Metalworking Machines were the world's 651st most traded product, with a total trade of $2.75B. Between 2017 and 2018 the exports of Metalworking Machines grew by 21.9%, from $2.25B to $2.75B. Trade in Metalworking Machines represent 0.015% of total world trade.
Exports: In 2018 the top exporters of Metalworking Machines were Germany ($828M), Japan ($303M), China ($299M), Switzerland ($249M), and Italy ($211M).
Imports: In 2018 the top importers of Metalworking Machines were China ($548M), United States ($311M), India ($149M), Germany ($136M), and Italy ($117M).
Tariffs: In 2018 the average tariff for Metalworking Machines was 4.57%, been the 894 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Metalworking Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Metalworking Machines ranks 8th in the Product Complexity Index (PCI).