Metal Finishing Machines8460 (Harmonized System 1992 for 4-digit)
World Trade (2018): $5.34B, Rnk 480 / 1225
Top Exporter (2018): $1.21B, Germany
Top Importer (2018): $1.31B, China
Product Complexity (2018): 1.64, Rnk 28 / 1018
Export Growth (CAGR)(2017 - 2018): 25%, Rnk 232 / 1225
Mean Tariff (2018): 4.32%, Rnk 937 / 1259
Share of World Trade (2018): 0.029%, Rnk 480 / 1225
Overview: This page contains the latest trade data of Metal Finishing Machines. In 2018, Metal Finishing Machines were the world's 480th most traded product, with a total trade of $5.34B. Between 2017 and 2018 the exports of Metal Finishing Machines grew by 25%, from $4.27B to $5.34B. Trade in Metal Finishing Machines represent 0.029% of total world trade.
Exports: In 2018 the top exporters of Metal Finishing Machines were Germany ($1.21B), Japan ($842M), Switzerland ($803M), Czechia ($404M), and Chinese Taipei ($291M).
Imports: In 2018 the top importers of Metal Finishing Machines were China ($1.31B), Germany ($546M), United States ($505M), India ($211M), and South Korea ($185M).
Tariffs: In 2018 the average tariff for Metal Finishing Machines was 4.32%, been the 937 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Metal Finishing Machines 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: Metal Finishing Machines ranks 28th in the Product Complexity Index (PCI).
Trade By Country
Metal Finishing Machines are the world's 480th most traded product.
In 2018, the top exporters of Metal Finishing Machines were Germany ($1.21B), Japan ($842M), Switzerland ($803M), Czechia ($404M), and Chinese Taipei ($291M).
In 2018, the top importers of Metal Finishing Machines were China ($1.31B), Germany ($546M), United States ($505M), India ($211M), and South Korea ($185M).
Trade by country
Between 2017 and 2018, the exports of Metal Finishing Machines grew the fastest in Germany ($192M), Switzerland ($192M), Japan ($174M), Czechia ($119M), and Chinese Taipei ($71.6M).
Between 2017 and 2018, the fastest growing importers of Metal Finishing Machines were China ($249M), Germany ($111M), India ($64.4M), Poland ($54.9M), and Italy ($53.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metal Finishing Machines.
In 2018, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Metal Finishing Machines are explained by 13 countries.
TOP NET EXPORTER (2018): Switzerland, $711M
TOP NET IMPORTER (2018): China, $1.04B
This map shows which countries export or import more of Metal Finishing Machines. Each country is colored based on the difference in exports and imports of Metal Finishing Machines during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Metal Finishing Machines were Switzerland ($711M), Japan ($678M), Germany ($666M), Czechia ($324M), and Chinese Taipei ($201M).
In 2018, the countries that had a largest trade value in imports than in exports of Metal Finishing Machines were China ($1.04B), United States ($260M), India ($182M), Mexico ($151M), and Russia ($117M).
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.
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