HS Icon Metalworking Machine Parts

8466 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $19.2B, Rnk 190 / 1217

2019
Top Exporter | Top Importer
: $3.81B | $2.55B, Germany | United States

2019
Product Complexity
: 1.56, Rnk 37 / 961

2018 - 2019
Export Growth (CAGR)
: -8.61%, Rnk 911 / 1217

2018
Mean Tariff
: 3.94%, Rnk 1005 / 1259

 2019
Share of World Trade
: 0.11%, Rnk 190 / 1217

Overview:  This page contains the latest trade data of Metalworking Machine Parts. In 2019, Metalworking Machine Parts were the world's 190th most traded product, with a total trade of $19.2B. Between 2018 and 2019 the exports of Metalworking Machine Parts decreased by -8.61%, from  $21B to $19.2B. Trade in Metalworking Machine Parts represent 0.11% of total world trade.

Exports: In 2019 the top exporters of Metalworking Machine Parts  were Germany ($3.81B), United States ($1.93B), Japan ($1.78B), Italy ($1.63B), and China ($1.38B).

Imports: In 2019 the top importers of Metalworking Machine Parts were United States ($2.55B), Germany ($2.12B), China ($1.78B), Japan ($815M), and France ($761M).

Tariffs: In 2018 the average tariff for Metalworking Machine Parts was 3.94%, making it the 1005th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metalworking Machine Parts are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (12.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Metalworking Machine Parts ranks 37th in the Product Complexity Index (PCI).

Description: Tool holders are used to hold tools that are used in the production of other goods. Tool holders can be made from a variety of materials, including wood, plastic, and metal.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $3.81B

Top Destination (2019): United States, $2.55B

Metalworking Machine Parts are the world's 190th most traded product.

In 2019, the top exporters of Metalworking Machine Parts were Germany ($3.81B), United States ($1.93B), Japan ($1.78B), Italy ($1.63B), and China ($1.38B).

In 2019, the top importers of Metalworking Machine Parts were United States ($2.55B), Germany ($2.12B), China ($1.78B), Japan ($815M), and France ($761M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Israel, $29.8M

Top Destination Growth (2018 - 2019): France, $29.3M

Between 2018 and 2019, the exports of Metalworking Machine Parts grew the fastest in Israel ($29.8M), Brazil ($19.1M), Canada ($13.5M), Hong Kong ($11.4M), and Singapore ($9.65M).

Between 2018 and 2019, the fastest growing importers of Metalworking Machine Parts were France ($29.3M), India ($15.4M), Turkey ($6.79M), Morocco ($6.6M), and Uzbekistan ($6.49M).

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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 Metalworking Machine Parts.

In 2019,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Metalworking Machine Parts are explained by 20 countries.

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TOP NET EXPORTER (2019): Germany, $1.69B

TOP NET IMPORTER (2019): United States, $620M

This map shows which countries export or import more of Metalworking Machine Parts. Each country is colored based on the difference in exports and imports of Metalworking Machine Parts during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Metalworking Machine Parts were Germany ($1.69B), Italy ($991M), Japan ($969M), Chinese Taipei ($598M), and Switzerland ($438M).

In 2019, the countries that had a largest trade value in imports than in exports of Metalworking Machine Parts were United States ($620M), Mexico ($553M), China ($397M), India ($331M), and Russia ($305M).

Disaggregation

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Value

In 2019, the world most traded Metalworking Machine Parts, disaggragated by their HS6 level were Parts, accessories nes, metal cutting machine... ($6.97B), Parts, accessories nes, metal shaping machine... ($3.91B), Tool holders, self-opening dieheads, for machine... ($3.04B), Work holders for use with machine... ($1.87B), and Parts, accessories nes, wood, plastic machine... ($1.7B)

Import Tariffs

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In 2018, the average tariff for importing Metalworking Machine Parts was 3.94%.  The countries with the highest tariffs for importing Metalworking Machine Parts were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (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.