Metalworking Transfer Machines8457 (Harmonized System 1992 for 4-digit)
World Trade (2018): $12.4B, Rnk 282 / 1225
Top Exporter (2018): $3.79B, Japan
Top Importer (2018): $3.06B, China
Product Complexity (2018): 2.58, Rnk 1 / 1018
Export Growth (CAGR)(2017 - 2018): 14.4%, Rnk 549 / 1225
Mean Tariff (2018): 4.56%, Rnk 896 / 1259
Share of World Trade (2018): 0.067%, Rnk 282 / 1225
Overview: This page contains the latest trade data of Metalworking Transfer Machines. In 2018, Metalworking Transfer Machines were the world's 282nd most traded product, with a total trade of $12.4B. Between 2017 and 2018 the exports of Metalworking Transfer Machines grew by 14.4%, from $10.8B to $12.4B. Trade in Metalworking Transfer Machines represent 0.067% of total world trade.
Exports: In 2018 the top exporters of Metalworking Transfer Machines were Japan ($3.79B), Germany ($2.99B), Chinese Taipei ($1.4B), South Korea ($703M), and United States ($654M).
Imports: In 2018 the top importers of Metalworking Transfer Machines were China ($3.06B), United States ($1.63B), Germany ($690M), Italy ($554M), and India ($522M).
Tariffs: In 2018 the average tariff for Metalworking Transfer Machines was 4.56%, been the 896 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Metalworking Transfer Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (14.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Metalworking Transfer Machines ranks 1st in the Product Complexity Index (PCI).
Trade By Country
Metalworking Transfer Machines are the world's 282nd most traded product.
In 2018, the top exporters of Metalworking Transfer Machines were Japan ($3.79B), Germany ($2.99B), Chinese Taipei ($1.4B), South Korea ($703M), and United States ($654M).
In 2018, the top importers of Metalworking Transfer Machines were China ($3.06B), United States ($1.63B), Germany ($690M), Italy ($554M), and India ($522M).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $447M
Top Destination Growth (2017 - 2018): United States, $295M
Between 2017 and 2018, the exports of Metalworking Transfer Machines grew the fastest in Germany ($447M), Chinese Taipei ($216M), South Korea ($195M), Belgium-Luxembourg ($181M), and United States ($142M).
Between 2017 and 2018, the fastest growing importers of Metalworking Transfer Machines were United States ($295M), India ($280M), Vietnam ($153M), Germany ($145M), and Italy ($124M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Metalworking Transfer Machines.
In 2018, market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Metalworking Transfer Machines are explained by 9 countries.
This map shows which countries export or import more of Metalworking Transfer Machines. Each country is colored based on the difference in exports and imports of Metalworking Transfer Machines during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Metalworking Transfer Machines were Japan ($3.66B), Germany ($2.3B), Chinese Taipei ($1.28B), South Korea ($492M), and Switzerland ($313M).
In 2018, the countries that had a largest trade value in imports than in exports of Metalworking Transfer Machines were China ($2.84B), United States ($980M), India ($503M), Mexico ($479M), and Vietnam ($280M).
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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