Metalworking Machines8461 (Harmonized System 1992 for 4-digit)
World Trade (2018): $2.75B, Rnk 651 / 1225
Top Exporter (2018): $828M, Germany
Top Importer (2018): $548M, China
Product Complexity (2018): 2.02, Rnk 8 / 1018
Export Growth (CAGR)(2017 - 2018): 21.9%, Rnk 296 / 1225
Mean Tariff (2018): 4.57%, Rnk 894 / 1259
Share of World Trade (2018): 0.015%, Rnk 651 / 1225
Overview: This page contains the latest trade data of Metalworking Machines. In 2018, Metalworking Machines were the world's 651st most traded product, with a total trade of $2.75B. Between 2017 and 2018 the exports of Metalworking Machines grew by 21.9%, from $2.25B to $2.75B. Trade in Metalworking Machines represent 0.015% of total world trade.
Exports: In 2018 the top exporters of Metalworking Machines were Germany ($828M), Japan ($303M), China ($299M), Switzerland ($249M), and Italy ($211M).
Imports: In 2018 the top importers of Metalworking Machines were China ($548M), United States ($311M), India ($149M), Germany ($136M), and Italy ($117M).
Tariffs: In 2018 the average tariff for Metalworking Machines was 4.57%, been the 894 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 8th in the Product Complexity Index (PCI).
Trade By Country
Metalworking Machines are the world's 651st most traded product.
In 2018, the top exporters of Metalworking Machines were Germany ($828M), Japan ($303M), China ($299M), Switzerland ($249M), and Italy ($211M).
In 2018, the top importers of Metalworking Machines were China ($548M), United States ($311M), India ($149M), Germany ($136M), and Italy ($117M).
Trade by country
Between 2017 and 2018, the exports of Metalworking Machines grew the fastest in Germany ($126M), Switzerland ($54.8M), Japan ($44.6M), China ($43.9M), and United States ($41.2M).
Between 2017 and 2018, the fastest growing importers of Metalworking Machines were China ($66.4M), India ($64.6M), United States ($43.4M), Italy ($41M), and Germany ($40.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metalworking Machines.
In 2018, market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Metalworking Machines are explained by 12 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Metalworking Machines were Germany ($692M), Japan ($227M), Switzerland ($227M), Chinese Taipei ($146M), and Italy ($93.5M).
In 2018, the countries that had a largest trade value in imports than in exports of Metalworking Machines were China ($248M), United States ($142M), India ($128M), Mexico ($92.9M), and Russia ($82.2M).
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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