Overview: In 2018, Woodworking machines were the world's 365th most traded product, with a total trade of $8.61B. Between 2017 and 2018 the exports of Woodworking machines grew by 17.4%, from $7.33B to $8.61B. Trade in Woodworking machines represent 0.047% of total world trade.
Exports: In 2018 the top exporters of Woodworking machines were Germany ($2.07B), China ($1.7B), Italy ($1.38B), Chinese Taipei ($623M), and Austria ($466M).
Imports: In 2018 the top importers of Woodworking machines were United States ($1.4B), Germany ($614M), China ($600M), France ($350M), and Poland ($334M).
Tariffs: In 2018 the average tariff for Woodworking machines was 4.78%, been the 860 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Woodworking machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Tunisia (17.1%), and Romania (15.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Woodworking machines ranks 195th in the Product Complexity Index (PCI).