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845430 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.42BRnk 1745 / 4644
2023
Top Exporter | Top Importer $543M | $211MChina | India
2023
Product Complexity 0.85Rnk 1035 / 4656
2022 - 2023
Export Growth (CAGR) 22.4%Rnk 244 / 4644
2023
Share of World Trade 0.0063%Rnk 1745 / 4644

About

Overview This page contains the latest trade data of Casting machines used in metallurgy, foundries. In 2023, Casting machines used in metallurgy, foundries were the world's 1745th most traded product, with a total trade of $1.42B. Between 2022 and 2023 the exports of Casting machines used in metallurgy, foundries grew by 22.4%, from $1.16B to $1.42B. Trade in Casting machines used in metallurgy, foundries represent 0.0063% of total world trade.

Casting machines used in metallurgy, foundries are a part of Casting Machines.

Exports In 2023 the top exporters of Casting machines used in metallurgy, foundries  were China ($543M), Italy ($190M), Japan ($153M), United States ($84.6M), and Germany ($78.7M).

Imports In 2023 the top importers of Casting machines used in metallurgy, foundries were India ($211M), Indonesia ($156M), China ($124M), Mexico ($118M), and United States ($100M).

Ranking Casting machines used in metallurgy, foundries ranks 1035th in the Product Complexity Index (PCI).

Description Casting machines are used in metallurgy, foundries for the production of metal castings. There are three primary types of casting machines: sand casting machines, die casting machines, and gravity casting machines. Sand casting machines use sand as the mold which is then removed, die casting machines use a die to create the mold, and gravity casting machines use gravity to create the mold.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Casting machines used in metallurgy, foundries. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$543M
Top Destination (2023)India$211M

In 2023 Casting machines used in metallurgy, foundries were the world's 1745th most traded product (out of 4,644).

In 2023, the top exporters of Casting machines used in metallurgy, foundries were China ($543M), Italy ($190M), Japan ($153M), United States ($84.6M), and Germany ($78.7M).

In 2023, the top importers of Casting machines used in metallurgy, foundries were India ($211M), Indonesia ($156M), China ($124M), Mexico ($118M), and United States ($100M).

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Exporters of Casting machines used in metallurgy, foundries (2023)
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Importers of Casting machines used in metallurgy, foundries (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$107M
Top Destination Growth (2022 -  2023)India$82.1M

Between 2022 and 2023, the exports of Casting machines used in metallurgy, foundries grew the fastest in China ($107M), Norway ($28.9M), Italy ($24M), Austria ($19.4M), and Switzerland ($19.3M).

Between 2022 and 2023, the fastest growing importers of Casting machines used in metallurgy, foundries were India ($82.1M), Indonesia ($54.4M), Mexico ($42.8M), United States ($41.3M), and Egypt ($24.5M).

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Exporters of Casting machines used in metallurgy, foundries (2022 - 2023)

Importers of Casting machines used in metallurgy, foundries (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Casting machines used in metallurgy, foundries.

In 2023, market concentration measured using Shannon Entropy, was 3.36. This means that most of the exports of Casting machines used in metallurgy, foundries are explained by 10 countries.

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Value of Exports in Casting machines used in metallurgy, foundries

Net Trade

TOP NET EXPORTER (2023)China$419M
TOP NET IMPORTER (2023)India$184M

This map shows which countries export or import more of Casting machines used in metallurgy, foundries. Each country is colored based on the difference in exports and imports of Casting machines used in metallurgy, foundries during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Casting machines used in metallurgy, foundries were China ($419M), Italy ($170M), Japan ($140M), Switzerland ($54.1M), and Germany ($43M).

In 2023, the countries that had a largest trade value in imports than in exports of Casting machines used in metallurgy, foundries were India ($184M), Indonesia ($156M), Mexico ($118M), Turkey ($77.4M), and South Korea ($39.7M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Casting machines used in metallurgy, foundries.
It is possible to select the main countries that export or import Casting machines used in metallurgy, foundries in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Casting machines used in metallurgy, foundries by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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