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845611 (Harmonized System 2017 for 6-digit)

2023
World Trade $6.22BRnk 603 / 5380
2023
Top Exporter | Top Importer $1.73B | $776MChina | United States
2023
Product Complexity 1.77Rnk 55 / 5381
2022 - 2023
Export Growth (CAGR) 0.93%Rnk 1742 / 5380
2023
Share of World Trade 0.027%Rnk 603 / 5380

About

Overview This page contains the latest trade data of Machine-tools; for working any material by removal of material; operated by laser. In 2023, Machine-tools; for working any material by removal of material; operated by laser were the world's 603rd most traded product, with a total trade of $6.22B. Between 2022 and 2023 the exports of Machine-tools; for working any material by removal of material; operated by laser grew by 0.93%, from $6.16B to $6.22B. Trade in Machine-tools; for working any material by removal of material; operated by laser represent 0.027% of total world trade.

Machine-tools; for working any material by removal of material; operated by laser are a part of Machine-tools; for working any material by removal of material, by laser or....

Exports In 2023 the top exporters of Machine-tools; for working any material by removal of material; operated by laser  were China ($1.73B), Germany ($1.07B), Japan ($830M), Switzerland ($781M), and Italy ($398M).

Imports In 2023 the top importers of Machine-tools; for working any material by removal of material; operated by laser were United States ($776M), Germany ($567M), China ($461M), Mexico ($313M), and Chinese Taipei ($215M).

Ranking Machine-tools; for working any material by removal of material; operated by laser ranks 55th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machine-tools; for working any material by removal of material; operated by laser. 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$1.73B
Top Destination (2023)United States$776M

In 2023 Machine-tools; for working any material by removal of material; operated by laser were the world's 603rd most traded product (out of 5,380).

In 2023, the top exporters of Machine-tools; for working any material by removal of material; operated by laser were China ($1.73B), Germany ($1.07B), Japan ($830M), Switzerland ($781M), and Italy ($398M).

In 2023, the top importers of Machine-tools; for working any material by removal of material; operated by laser were United States ($776M), Germany ($567M), China ($461M), Mexico ($313M), and Chinese Taipei ($215M).

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Exporters of Machine-tools; for working any material by removal of material; operated by laser (2023)
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Importers of Machine-tools; for working any material by removal of material; operated by laser (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$172M
Top Destination Growth (2022 -  2023)Mexico$108M

Between 2022 and 2023, the exports of Machine-tools; for working any material by removal of material; operated by laser grew the fastest in China ($172M), United States ($88.3M), Germany ($57.5M), Italy ($45.3M), and Poland ($22.3M).

Between 2022 and 2023, the fastest growing importers of Machine-tools; for working any material by removal of material; operated by laser were Mexico ($108M), United States ($76.3M), Turkey ($56.2M), India ($48.9M), and Germany ($43.9M).

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Exporters of Machine-tools; for working any material by removal of material; operated by laser (2022 - 2023)

Importers of Machine-tools; for working any material by removal of material; operated by laser (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine-tools; for working any material by removal of material; operated by laser.

In 2023, market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Machine-tools; for working any material by removal of material; operated by laser are explained by 10 countries.

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Value of Exports in Machine-tools; for working any material by removal of material; operated by laser

Net Trade

TOP NET EXPORTER (2023)China$1.27B
TOP NET IMPORTER (2023)United States$468M

This map shows which countries export or import more of Machine-tools; for working any material by removal of material; operated by laser. Each country is colored based on the difference in exports and imports of Machine-tools; for working any material by removal of material; operated by laser during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machine-tools; for working any material by removal of material; operated by laser were China ($1.27B), Japan ($709M), Switzerland ($704M), Germany ($507M), and Italy ($202M).

In 2023, the countries that had a largest trade value in imports than in exports of Machine-tools; for working any material by removal of material; operated by laser were United States ($468M), Mexico ($285M), India ($193M), Russia ($171M), and Brazil ($164M).

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 working any material by removal of material; operated by laser.
It is possible to select the main countries that export or import Machine-tools; for working any material by removal of material; operated by laser in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine-tools; for working any material by removal of material; operated by laser 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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