2022
Exports
$387MWorld Rnk 6 / 117
Flag Rnk 453 / 1217
2022
PRODUCT COMPLEXITY IN Metal Lathes
1.68Rnk 29 / 1025
2022
Imports
$1.15BWorld Rnk 1 / 189
Flag Rnk 368 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $387M in Metal Lathes, making it the 6th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 453rd most exported product in United States. The main destination of Metal Lathes exports from United States are: Mexico ($115M), Canada ($74.1M), Belgium ($72.1M), China ($30.3M), and Germany ($11.8M).

The fastest growing export markets for Metal Lathes of United States between 2021 and 2022 were Mexico ($30.8M), China ($5.5M), and Germany ($4M).

Imports In 2022, United States imported $1.15B in Metal Lathes, becoming the 1st largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 368th most imported product in United States. United States imports Metal Lathes primarily from: Japan ($536M), South Korea ($238M), Chinese Taipei ($102M), Germany ($65M), and Thailand ($53.8M).

The fastest growing import markets in Metal Lathes for United States between 2021 and 2022 were Japan ($163M), South Korea ($64.5M), and Chinese Taipei ($34.3M).

COMPANIES In 2023, leading companies such as Yaheetech (41), CNH Industrial (28), and ABB Motors and Mechanical (25) were at the forefront of shipping Metal Lathes to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-13.2M(-35.4%)
IMPORT GROWTH (June 2023 - June 2024)$-1.5M(-1.44%)
MAIN EXPORTER (June 2024)California$10.1M
MAIN DESTINATION (June 2024)Mexico$6.47M

This section shows Metal Lathes's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Metal Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$387M
IMPORTS (2022)$1.15B
NET TRADE (2022)-$765M

In 2022, United States exported $387M in Metal Lathes. The main destinations of United States exports on Metal Lathes were Mexico ($115M), Canada ($74.1M), Belgium ($72.1M), China ($30.3M), and Germany ($11.8M).

In 2022, United States imported $1.15B in Metal Lathes, mainly from Japan ($536M), South Korea ($238M), Chinese Taipei ($102M), Germany ($65M), and Thailand ($53.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$30.8M (36.6%)
China$5.5M (22.2%)
Germany$4M (51.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY United States WERE (2021 - 2022):
Belarus-$6.53M (-87%)
Chinese Taipei-$6M (-52%)
Belgium-$5.3M (-6.85%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Metal Lathes were:
In 2022, United States's main importing competitors in Metal Lathes were:

Explore Visualizations

Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.41M
TOP IMPORT POTENTIALChina+ $22.5M

Metal Lathes’s highest export potential is China. With an export gap of $8.41M.   Metal Lathes’s highest import potential is China with an import gap of $22.5M.

See methodology.

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