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846090 (Harmonized System 1992 for 6-digit)

2023
World Trade $942MRnk 2178 / 4644
2023
Top Exporter | Top Importer $173M | $148MGermany | China
2023
Product Complexity 1.14Rnk 558 / 4656
2022 - 2023
Export Growth (CAGR) 3.47%Rnk 1188 / 4644
2023
Share of World Trade 0.0042%Rnk 2178 / 4644

About

Overview This page contains the latest trade data of Machine tools for finishing metals, nes. In 2023, Machine tools for finishing metals, nes were the world's 2178th most traded product, with a total trade of $942M. Between 2022 and 2023 the exports of Machine tools for finishing metals, nes grew by 3.47%, from $910M to $942M. Trade in Machine tools for finishing metals, nes represent 0.0042% of total world trade.

Machine tools for finishing metals, nes are a part of Metal Finishing Machines.

Exports In 2023 the top exporters of Machine tools for finishing metals, nes  were Germany ($173M), China ($159M), Switzerland ($153M), Japan ($83.4M), and Chinese Taipei ($81M).

Imports In 2023 the top importers of Machine tools for finishing metals, nes were China ($148M), United States ($138M), Germany ($63M), India ($49.9M), and Japan ($35.2M).

Ranking Machine tools for finishing metals, nes ranks 558th in the Product Complexity Index (PCI).

Description Machine tools are used for finishing metals because they are fast, accurate, affordable, and precise. The parts are usually placed on a precision table and an abrasive is used to finish the metal.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Machine tools for finishing metals, nes. 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$173M
Top Destination (2023)China$148M

In 2023 Machine tools for finishing metals, nes were the world's 2178th most traded product (out of 4,644).

In 2023, the top exporters of Machine tools for finishing metals, nes were Germany ($173M), China ($159M), Switzerland ($153M), Japan ($83.4M), and Chinese Taipei ($81M).

In 2023, the top importers of Machine tools for finishing metals, nes were China ($148M), United States ($138M), Germany ($63M), India ($49.9M), and Japan ($35.2M).

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Exporters of Machine tools for finishing metals, nes (2023)
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Importers of Machine tools for finishing metals, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$28.1M
Top Destination Growth (2022 -  2023)India$10.7M

Between 2022 and 2023, the exports of Machine tools for finishing metals, nes grew the fastest in Germany ($28.1M), Italy ($20.3M), Switzerland ($15.7M), Thailand ($8.88M), and United States ($4.75M).

Between 2022 and 2023, the fastest growing importers of Machine tools for finishing metals, nes were India ($10.7M), Germany ($10.2M), Austria ($6.71M), Japan ($6.58M), and United Kingdom ($5.76M).

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Exporters of Machine tools for finishing metals, nes (2022 - 2023)

Importers of Machine tools for finishing metals, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine tools for finishing metals, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Machine tools for finishing metals, nes are explained by 13 countries.

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Value of Exports in Machine tools for finishing metals, nes

Net Trade

TOP NET EXPORTER (2023)Switzerland$131M
TOP NET IMPORTER (2023)United States$96.4M

This map shows which countries export or import more of Machine tools for finishing metals, nes. Each country is colored based on the difference in exports and imports of Machine tools for finishing metals, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machine tools for finishing metals, nes were Switzerland ($131M), Germany ($110M), Chinese Taipei ($69.6M), Japan ($48.3M), and Italy ($39.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Machine tools for finishing metals, nes were United States ($96.4M), India ($42.1M), Mexico ($28.2M), Vietnam ($25.8M), and Russia ($23.9M).

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 Machine tools for finishing metals, nes.
It is possible to select the main countries that export or import Machine tools for finishing metals, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine tools for finishing metals, nes 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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