Overview: This page contains the latest trade data of Casting Machines. In 2018, Casting Machines were the world's 635th most traded product, with a total trade of $2.92B. Between 2017 and 2018 the exports of Casting Machines grew by 9.63%, from $2.66B to $2.92B. Trade in Casting Machines represent 0.016% of total world trade.
Exports: In 2018 the top exporters of Casting Machines were China ($601M), Italy ($423M), Japan ($358M), Germany ($332M), and Switzerland ($178M).
Imports: In 2018 the top importers of Casting Machineswere China ($312M), United States ($300M), India ($220M), Germany ($160M), and Vietnam ($156M).
Tariffs: In 2018 the average tariff for Casting Machines was 4%, been the 993 lowest tariff using the HS4 product classification.
Top Destination Growth (2017 - 2018): Vietnam, $94.8M
Between 2017 and 2018, the exports of Casting Machines grew the fastest in China ($143M), Italy ($57.1M), United States ($33.4M), India ($28.1M), and South Korea ($22.9M).
Between 2017 and 2018, the fastest growing importers of Casting Machines were Vietnam ($94.8M), India ($83.5M), Japan ($37.3M), Bahrain ($31.5M), and Germany ($30.5M).
This chart shows the evolution of the market concentration of exports of Casting Machines.
In 2018, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Casting Machines are explained by 15 countries.
This map shows which countries export or import more of Casting Machines. Each country is colored based on the difference in exports and imports of Casting Machines during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Casting Machines were Italy ($344M), China ($290M), Japan ($254M), Germany ($172M), and Switzerland ($159M).
In 2018, the countries that had a largest trade value in imports than in exports of Casting Machines were India ($169M), Vietnam ($150M), United States ($145M), Mexico ($118M), and Iran ($85.9M).
In 2018, the average tariff for importing Casting Machines was 4%. The countries with the highest tariffs for importing Casting Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%).
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.