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845611 (Harmonized System 2017 for 6-digit)

2022
World Trade $6.05BRnk 651 / 5380
2022
Top Exporter | Top Importer $1.56B | $694MChina | United States
2022
Product Complexity 1.73Rnk 70 / 5381
2021 - 2022
Export Growth (CAGR) 3.96%Rnk 2867 / 5380
2022
Share of World Trade 0.025%Rnk 651 / 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 2022, Machine-tools; for working any material by removal of material; operated by laser were the world's 651st most traded product, with a total trade of $6.05B. Between 2021 and 2022 the exports of Machine-tools; for working any material by removal of material; operated by laser grew by 3.96%, from $5.82B to $6.05B. Trade in Machine-tools; for working any material by removal of material; operated by laser represent 0.025% 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 2022 the top exporters of Machine-tools; for working any material by removal of material; operated by laser  were China ($1.56B), Germany ($1.05B), Japan ($1.01B), Switzerland ($659M), and Italy ($345M).

Imports In 2022 the top importers of Machine-tools; for working any material by removal of material; operated by laser were United States ($694M), China ($589M), South Korea ($317M), Chinese Taipei ($317M), and Germany ($296M).

Ranking Machine-tools; for working any material by removal of material; operated by laser ranks 70th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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 (2022)China$1.56B
Top Destination (2022)United States$694M

In 2022 Machine-tools; for working any material by removal of material; operated by laser were the world's 651st most traded product (out of 5,380).

In 2022, the top exporters of Machine-tools; for working any material by removal of material; operated by laser were China ($1.56B), Germany ($1.05B), Japan ($1.01B), Switzerland ($659M), and Italy ($345M).

In 2022, the top importers of Machine-tools; for working any material by removal of material; operated by laser were United States ($694M), China ($589M), South Korea ($317M), Chinese Taipei ($317M), and Germany ($296M).

Explore Visualizations

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

Color
Top Origin Growth (2021 -  2022)China$289M
Top Destination Growth (2021 -  2022)United States$104M

Between 2021 and 2022, the exports of Machine-tools; for working any material by removal of material; operated by laser grew the fastest in China ($289M), Germany ($73.6M), Switzerland ($57.1M), Chinese Taipei ($41.3M), and South Korea ($26M).

Between 2021 and 2022, the fastest growing importers of Machine-tools; for working any material by removal of material; operated by laser were United States ($104M), Vietnam ($84.2M), Italy ($74.5M), Brazil ($26.9M), and India ($24.6M).

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Exporters of Machine-tools; for working any material by removal of material; operated by laser (2021 - 2022)

Importers of Machine-tools; for working any material by removal of material; operated by laser (2021 - 2022)

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 2022, market concentration measured using Shannon Entropy, was 3.42. 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 (2022)China$971M
TOP NET IMPORTER (2022)United States$474M

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 2022.

In 2022, 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 ($971M), Japan ($885M), Germany ($749M), Switzerland ($589M), and Italy ($100M).

In 2022, 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 ($474M), Vietnam ($223M), Chinese Taipei ($198M), Mexico ($183M), and India ($147M).

Net Trade (2022)

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 (2022)

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