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846140 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.1BRnk 2003 / 4644
2023
Top Exporter | Top Importer $571M | $550MGermany | China
2023
Product Complexity 1.37Rnk 271 / 4656
2022 - 2023
Export Growth (CAGR) 23.9%Rnk 214 / 4644
2023
Share of World Trade 0.0049%Rnk 2003 / 4644

About

Overview This page contains the latest trade data of Gear cutting, grinding and finishing machines. In 2023, Gear cutting, grinding and finishing machines were the world's 2003rd most traded product, with a total trade of $1.1B. Between 2022 and 2023 the exports of Gear cutting, grinding and finishing machines grew by 23.9%, from $888M to $1.1B. Trade in Gear cutting, grinding and finishing machines represent 0.0049% of total world trade.

Gear cutting, grinding and finishing machines are a part of Metalworking Machines.

Exports In 2023 the top exporters of Gear cutting, grinding and finishing machines  were Germany ($571M), Switzerland ($225M), Japan ($125M), United States ($53.5M), and China ($44M).

Imports In 2023 the top importers of Gear cutting, grinding and finishing machines were China ($550M), United States ($86.8M), India ($78M), Germany ($53.8M), and Italy ($47.5M).

Ranking Gear cutting, grinding and finishing machines ranks 271st in the Product Complexity Index (PCI).

Description Gear cutting machines use a cutting tool to create a gear shape. A grinding machine uses a rotating abrasive wheel to shape the surface of a work piece. A finishing machine uses a rotating abrasive wheel to give the surface of the workpiece a smooth finish.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gear cutting, grinding and finishing machines. 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)Germany$571M
Top Destination (2023)China$550M

In 2023 Gear cutting, grinding and finishing machines were the world's 2003rd most traded product (out of 4,644).

In 2023, the top exporters of Gear cutting, grinding and finishing machines were Germany ($571M), Switzerland ($225M), Japan ($125M), United States ($53.5M), and China ($44M).

In 2023, the top importers of Gear cutting, grinding and finishing machines were China ($550M), United States ($86.8M), India ($78M), Germany ($53.8M), and Italy ($47.5M).

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Exporters of Gear cutting, grinding and finishing machines (2023)
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Importers of Gear cutting, grinding and finishing machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$108M
Top Destination Growth (2022 -  2023)China$125M

Between 2022 and 2023, the exports of Gear cutting, grinding and finishing machines grew the fastest in Germany ($108M), Switzerland ($48.8M), United States ($25.7M), China ($18.7M), and Japan ($6.96M).

Between 2022 and 2023, the fastest growing importers of Gear cutting, grinding and finishing machines were China ($125M), United States ($27.8M), Japan ($26.6M), Russia ($17.1M), and Germany ($13.4M).

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Exporters of Gear cutting, grinding and finishing machines (2022 - 2023)

Importers of Gear cutting, grinding and finishing machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gear cutting, grinding and finishing machines.

In 2023, market concentration measured using Shannon Entropy, was 2.28. This means that most of the exports of Gear cutting, grinding and finishing machines are explained by 4 countries.

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Value of Exports in Gear cutting, grinding and finishing machines

Net Trade

TOP NET EXPORTER (2023)Germany$517M
TOP NET IMPORTER (2023)China$506M

This map shows which countries export or import more of Gear cutting, grinding and finishing machines. Each country is colored based on the difference in exports and imports of Gear cutting, grinding and finishing machines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gear cutting, grinding and finishing machines were Germany ($517M), Switzerland ($222M), Japan ($83.8M), Finland ($3.11M), and Czechia ($1.29M).

In 2023, the countries that had a largest trade value in imports than in exports of Gear cutting, grinding and finishing machines were China ($506M), India ($74.7M), United States ($33.3M), Turkey ($29.2M), and Italy ($28.2M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gear cutting, grinding and finishing machines.
It is possible to select the main countries that export or import Gear cutting, grinding and finishing machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gear cutting, grinding and finishing machines 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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