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846599 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.24BRnk 1386 / 4648
2022
Top Exporter | Top Importer $547M | $251MChina | United States
2022
Product Complexity 0.82Rnk 1068 / 4653
2021 - 2022
Export Growth (CAGR) 9.38%Rnk 1683 / 4648
2022
Share of World Trade 0.0095%Rnk 1386 / 4648

About

Overview This page contains the latest trade data of Machine tools for wood, cork or hard plastic, etc nes. In 2022, Machine tools for wood, cork or hard plastic, etc nes were the world's 1386th most traded product, with a total trade of $2.24B. Between 2021 and 2022 the exports of Machine tools for wood, cork or hard plastic, etc nes grew by 9.38%, from $2.05B to $2.24B. Trade in Machine tools for wood, cork or hard plastic, etc nes represent 0.0095% of total world trade.

Machine tools for wood, cork or hard plastic, etc nes are a part of Woodworking machines.

Exports In 2022 the top exporters of Machine tools for wood, cork or hard plastic, etc nes  were China ($547M), Italy ($525M), Germany ($310M), Chinese Taipei ($125M), and Austria ($103M).

Imports In 2022 the top importers of Machine tools for wood, cork or hard plastic, etc nes were United States ($251M), United Kingdom ($113M), France ($112M), Russia ($95.1M), and Germany ($94.4M).

Ranking Machine tools for wood, cork or hard plastic, etc nes ranks 1068th in the Product Complexity Index (PCI).

Description Wood: Woodworking machines such as table saws, jointer, planers, and drill presses are used to shape and cut wood. Cork: Cork can be cut with a cork-cutting machine. Hard plastic: Hard plastic can be cut with a milling machine.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Machine tools for wood, cork or hard plastic, etc 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 (2022)China$547M
Top Destination (2022)United States$251M

In 2022 Machine tools for wood, cork or hard plastic, etc nes were the world's 1386th most traded product (out of 4,648).

In 2022, the top exporters of Machine tools for wood, cork or hard plastic, etc nes were China ($547M), Italy ($525M), Germany ($310M), Chinese Taipei ($125M), and Austria ($103M).

In 2022, the top importers of Machine tools for wood, cork or hard plastic, etc nes were United States ($251M), United Kingdom ($113M), France ($112M), Russia ($95.1M), and Germany ($94.4M).

Explore Visualizations

Exporters of Machine tools for wood, cork or hard plastic, etc nes (2022)
[Click to Select a Country]

Importers of Machine tools for wood, cork or hard plastic, etc nes (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$98.3M
Top Destination Growth (2021 -  2022)United States$62.7M

Between 2021 and 2022, the exports of Machine tools for wood, cork or hard plastic, etc nes grew the fastest in China ($98.3M), Germany ($73.9M), Spain ($22.8M), Canada ($17.7M), and Denmark ($12.1M).

Between 2021 and 2022, the fastest growing importers of Machine tools for wood, cork or hard plastic, etc nes were United States ($62.7M), France ($32.9M), United Kingdom ($31.2M), Austria ($24.1M), and Argentina ($13.6M).

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Exporters of Machine tools for wood, cork or hard plastic, etc nes (2021 - 2022)

Importers of Machine tools for wood, cork or hard plastic, etc nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine tools for wood, cork or hard plastic, etc nes.

In 2022, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Machine tools for wood, cork or hard plastic, etc nes are explained by 12 countries.

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Value of Exports in Machine tools for wood, cork or hard plastic, etc nes

Net Trade

TOP NET EXPORTER (2022)China$503M
TOP NET IMPORTER (2022)United States$210M

This map shows which countries export or import more of Machine tools for wood, cork or hard plastic, etc nes. Each country is colored based on the difference in exports and imports of Machine tools for wood, cork or hard plastic, etc nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machine tools for wood, cork or hard plastic, etc nes were China ($503M), Italy ($450M), Germany ($216M), Chinese Taipei ($105M), and Austria ($28.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Machine tools for wood, cork or hard plastic, etc nes were United States ($210M), United Kingdom ($103M), Russia ($94.1M), France ($91.2M), and Vietnam ($87.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Machine tools for wood, cork or hard plastic, etc nes.
It is possible to select the main countries that export or import Machine tools for wood, cork or hard plastic, etc nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine tools for wood, cork or hard plastic, etc 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 (2022)

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