HS Icon Metal Lathes

8458 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Metal Lathes. In 2019, Metal Lathes were the world's 389th most traded product, with a total trade of $7.64B. Between 2018 and 2019 the exports of Metal Lathes decreased by -10.2%, from $8.51B to $7.64B. Trade in Metal Lathes represent 0.042% of total world trade.

Exports In 2019 the top exporters of Metal Lathes  were Japan ($1.98B), Germany ($1.11B), South Korea ($761M), Chinese Taipei ($649M), and China ($515M).

Imports In 2019 the top importers of Metal Lathes were United States ($1.2B), China ($787M), Germany ($740M), Italy ($390M), and Belgium ($332M).

Tariffs In 2018 the average tariff for Metal Lathes was 5.2%, making it the 793rd 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 30th in the Product Complexity Index (PCI).

Description Lathes are used to remove metal from a piece of raw material. Lathes can be made from wood, steel, or aluminum.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $1.98B

Top Destination (2019): United States, $1.2B

Metal Lathes are the world's 389th most traded product.

In 2019, the top exporters of Metal Lathes were Japan ($1.98B), Germany ($1.11B), South Korea ($761M), Chinese Taipei ($649M), and China ($515M).

In 2019, the top importers of Metal Lathes were United States ($1.2B), China ($787M), Germany ($740M), Italy ($390M), and Belgium ($332M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): France, $37.5M

Top Destination Growth (2018 - 2019): Vietnam, $18.9M

Between 2018 and 2019, the exports of Metal Lathes grew the fastest in France ($37.5M), United Kingdom ($25.2M), Turkey ($20.3M), Poland ($13M), and Latvia ($9.11M).

Between 2018 and 2019, the fastest growing importers of Metal Lathes were Vietnam ($18.9M), Morocco ($13.6M), United Arab Emirates ($11.5M), Indonesia ($11M), and Latvia ($10.8M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Metal Lathes.

In 2019,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Metal Lathes are explained by 13 countries.

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TOP NET EXPORTER (2019): Japan, $1.76B

TOP NET IMPORTER (2019): United States, $845M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Metal Lathes were Japan ($1.76B), South Korea ($670M), Chinese Taipei ($566M), Germany ($366M), and Austria ($59.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Metal Lathes were United States ($845M), China ($272M), Russia ($223M), France ($203M), and Mexico ($203M).

Disaggregation

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Value

In 2019, the world most traded Metal Lathes, disaggragated by their HS6 level were Horizontal numerically controlled metal work lathes ($5.62B), Lathes nes numerically controlled for removing... ($1.36B), Horizontal lathes nes for metal ($385M), and Lathes nes for removing metal ($280M)

Import Tariffs

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In 2018, the average tariff for importing Metal Lathes was 5.2%. The countries with the highest tariffs for importing Metal Lathes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Iran (15%), and Cambodia (15%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Metal Lathes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.