Metal Lathes8458 (Harmonized System 1992 for 4-digit)
World Trade (2018): $8.5B, Rnk 371 / 1225
Top Exporter (2018): $2.08B, Japan
Top Importer (2018): $1.19B, United States
Product Complexity (2018): 1.9, Rnk 12 / 1018
Export Growth (CAGR)(2017 - 2018): 24.5%, Rnk 240 / 1225
Mean Tariff (2018): 5.2%, Rnk 793 / 1259
Share of World Trade (2018): 0.046%, Rnk 371 / 1225
Overview: This page contains the latest trade data of Metal Lathes. In 2018, Metal Lathes were the world's 371st most traded product, with a total trade of $8.5B. Between 2017 and 2018 the exports of Metal Lathes grew by 24.5%, from $6.82B to $8.5B. Trade in Metal Lathes represent 0.046% of total world trade.
Exports: In 2018 the top exporters of Metal Lathes were Japan ($2.08B), Germany ($1.3B), South Korea ($934M), Chinese Taipei ($721M), and China ($599M).
Imports: In 2018 the top importers of Metal Lathes were United States ($1.19B), China ($1.05B), Germany ($872M), Italy ($456M), and Belgium-Luxembourg ($345M).
Tariffs: In 2018 the average tariff for Metal Lathes was 5.2%, been the 793 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Metal Lathes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Iran (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Metal Lathes ranks 12th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Japan, $2.08B
Top Destination (2018): United States, $1.19B
Metal Lathes are the world's 371st most traded product.
In 2018, the top exporters of Metal Lathes were Japan ($2.08B), Germany ($1.3B), South Korea ($934M), Chinese Taipei ($721M), and China ($599M).
In 2018, the top importers of Metal Lathes were United States ($1.19B), China ($1.05B), Germany ($872M), Italy ($456M), and Belgium-Luxembourg ($345M).
Trade by country
Between 2017 and 2018, the exports of Metal Lathes grew the fastest in Germany ($335M), South Korea ($267M), Belgium-Luxembourg ($235M), United States ($139M), and China ($126M).
Between 2017 and 2018, the fastest growing importers of Metal Lathes were China ($300M), Germany ($282M), United States ($240M), Italy ($122M), and Canada ($92.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metal Lathes.
In 2018, market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Metal Lathes are explained by 13 countries.
TOP NET EXPORTER (2018): Japan, $1.83B
TOP NET IMPORTER (2018): United States, $806M
This map shows which countries export or import more of Metal Lathes. Each country is colored based on the difference in exports and imports of Metal Lathes during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Metal Lathes were Japan ($1.83B), South Korea ($826M), Chinese Taipei ($617M), Germany ($431M), and Belgium-Luxembourg ($98.4M).
In 2018, the countries that had a largest trade value in imports than in exports of Metal Lathes were United States ($806M), China ($454M), Mexico ($307M), France ($236M), and Russia ($228M).
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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