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.