HS Icon Metalworking Machines

8461 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $2.68B, Rnk 654 / 1217

2019
Top Exporter | Top Importer
: $777M | $434M, Germany | China

2019
Product Complexity
: 1.96, Rnk 7 / 961

2018 - 2019
Export Growth (CAGR)
: -2.49%, Rnk 582 / 1217

2018
Mean Tariff
: 4.57%, Rnk 894 / 1259

 2019
Share of World Trade
: 0.015%, Rnk 654 / 1217

Overview:  This page contains the latest trade data of Metalworking Machines. In 2019, Metalworking Machines were the world's 654th most traded product, with a total trade of $2.68B. Between 2018 and 2019 the exports of Metalworking Machines decreased by -2.49%, from  $2.75B to $2.68B. Trade in Metalworking Machines represent 0.015% of total world trade.

Exports: In 2019 the top exporters of Metalworking Machines  were Germany ($777M), China ($336M), Japan ($328M), Switzerland ($226M), and Italy ($193M).

Imports: In 2019 the top importers of Metalworking Machines were China ($434M), United States ($298M), India ($170M), Germany ($133M), and Vietnam ($100M).

Tariffs: In 2018 the average tariff for Metalworking Machines was 4.57%, making it the 894th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metalworking Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Metalworking Machines ranks 7th in the Product Complexity Index (PCI).

Description: Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and cast iron.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $777M

Top Destination (2019): China, $434M

Metalworking Machines are the world's 654th most traded product.

In 2019, the top exporters of Metalworking Machines were Germany ($777M), China ($336M), Japan ($328M), Switzerland ($226M), and Italy ($193M).

In 2019, the top importers of Metalworking Machines were China ($434M), United States ($298M), India ($170M), Germany ($133M), and Vietnam ($100M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $33.6M

Top Destination Growth (2018 - 2019): Vietnam, $33.3M

Between 2018 and 2019, the exports of Metalworking Machines grew the fastest in China ($33.6M), Japan ($23.9M), Austria ($11.4M), Netherlands ($9.43M), and Mexico ($6.52M).

Between 2018 and 2019, the fastest growing importers of Metalworking Machines were Vietnam ($33.3M), Slovakia ($24.4M), India ($21.5M), Czechia ($11.4M), and Portugal ($10.6M).

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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 Machines.

In 2019,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Metalworking Machines are explained by 12 countries.

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TOP NET EXPORTER (2019): Germany, $645M

TOP NET IMPORTER (2019): United States, $151M

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

In 2019, the countries that had a largest trade value in exports than in imports of Metalworking Machines were Germany ($645M), Japan ($250M), Switzerland ($208M), Chinese Taipei ($107M), and Italy ($94.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Metalworking Machines were United States ($151M), India ($150M), China ($98.4M), Vietnam ($95.9M), and France ($57.8M).

Disaggregation

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Value

In 2019, the world most traded Metalworking Machines, disaggragated by their HS6 level were Metal sawing or cutting-off machines ($1.19B), Gear cutting, grinding and finishing machines ($1.05B), Metal cuttting, shaping, filing, engrave machines,... ($229M), Metal broaching machines ($124M), and Metal shaping or slotting machines ($93.2M)

Import Tariffs

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In 2018, the average tariff for importing Metalworking Machines was 4.57%.  The countries with the highest tariffs for importing Metalworking Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%).

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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.