HS Icon Electro-discharge process machine tools

845630 (Harmonized System 1992 for 6-digit)

World Trade (2019): $953M, Rnk 2064 / 4648

Top Exporter (2019): $167M, Japan

Top Importer (2019): $138M, United States

Product Complexity (2019): 1.21, Rnk 484 / 4826

Export Growth (CAGR)(2018 - 2019): -20.5%, Rnk 4210 / 4648

Mean Tariff (2018): 4.29%, Rnk 4717 / 6538

Share of World Trade (2019): 0.0053%, Rnk 2064 / 4648

Overview:  This page contains the latest trade data of Electro-discharge process machine tools. In 2019, Electro-discharge process machine tools were the world's 2064th most traded product, with a total trade of $953M. Between 2018 and 2019 the exports of Electro-discharge process machine tools decreased by -20.5%, from  $1.2B to $953M. Trade in Electro-discharge process machine tools represent 0.0053% of total world trade.

Exports: In 2019 the top exporters of Electro-discharge process machine tools  were Japan ($167M), Switzerland ($155M), China ($118M), Thailand ($107M), and Germany ($96.9M).

Imports: In 2019 the top importers of Electro-discharge process machine tools were United States ($138M), China ($118M), Germany ($84.1M), Italy ($67.4M), and Japan ($40.6M).

Tariffs: In 2018 the average tariff for Electro-discharge process machine tools was 4.29%, making it the 4717th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electro-discharge process machine tools are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Electro-discharge process machine tools ranks 484th in the Product Complexity Index (PCI).

Description: Electro-discharge process machine tools are used to remove material from a workpiece. They use electricity to cut, sand, and shape metal, plastics, and other materials.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $167M

Top Destination (2019): United States, $138M

Electro-discharge process machine tools are the world's 2064th most traded product.

In 2019, the top exporters of Electro-discharge process machine tools were Japan ($167M), Switzerland ($155M), China ($118M), Thailand ($107M), and Germany ($96.9M).

In 2019, the top importers of Electro-discharge process machine tools were United States ($138M), China ($118M), Germany ($84.1M), Italy ($67.4M), and Japan ($40.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $6.27M

Top Destination Growth (2018 - 2019): Vietnam, $6.41M

Between 2018 and 2019, the exports of Electro-discharge process machine tools grew the fastest in Singapore ($6.27M), Turkey ($2.48M), Sweden ($2.34M), Romania ($1.2M), and Denmark ($1.15M).

Between 2018 and 2019, the fastest growing importers of Electro-discharge process machine tools were Vietnam ($6.41M), Russia ($2.46M), France ($1.79M), Serbia ($1.67M), and Mexico ($1.62M).

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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 Electro-discharge process machine tools.

In 2019,  market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Electro-discharge process machine tools are explained by 13 countries.

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TOP NET EXPORTER (2019): Switzerland, $140M

TOP NET IMPORTER (2019): United States, $113M

This map shows which countries export or import more of Electro-discharge process machine tools. Each country is colored based on the difference in exports and imports of Electro-discharge process machine tools during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electro-discharge process machine tools were Switzerland ($140M), Japan ($126M), Thailand ($91M), Singapore ($46.8M), and Chinese Taipei ($23.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Electro-discharge process machine tools were United States ($113M), Italy ($60.6M), Netherlands ($31M), Vietnam ($30.6M), and Russia ($28.4M).

Import Tariffs

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In 2018, the average tariff for importing Electro-discharge process machine tools was 4.29%.  The countries with the highest tariffs for importing Electro-discharge process machine tools were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.6%).

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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.