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845612 (Harmonized System 2017 for 6-digit)

2023
World Trade $70.9MRnk 4704 / 5380
2023
Top Exporter | Top Importer $12.1M | $10.8MSpain | United States
2023
Product Complexity 1.52Rnk 181 / 5381
2022 - 2023
Export Growth (CAGR) -12.7%Rnk 3560 / 5380
2023
Share of World Trade 0.00031%Rnk 4704 / 5380

About

Overview This page contains the latest trade data of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser). In 2023, Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) were the world's 4704th most traded product, with a total trade of $70.9M. Between 2022 and 2023 the exports of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) decreased by -12.7%, from $81.2M to $70.9M. Trade in Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) represent 0.00031% of total world trade.

Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not 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 other light or photon beam processes (not laser)  were Spain ($12.1M), United States ($11.5M), China ($10.6M), Germany ($8.17M), and South Korea ($6.01M).

Imports In 2023 the top importers of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) were United States ($10.8M), China ($6.81M), Bangladesh ($5.11M), Mexico ($3.96M), and Chinese Taipei ($3.41M).

Ranking Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) ranks 181st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not 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)Spain$12.1M
Top Destination (2023)United States$10.8M

In 2023 Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) were the world's 4704th 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 other light or photon beam processes (not laser) were Spain ($12.1M), United States ($11.5M), China ($10.6M), Germany ($8.17M), and South Korea ($6.01M).

In 2023, the top importers of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) were United States ($10.8M), China ($6.81M), Bangladesh ($5.11M), Mexico ($3.96M), and Chinese Taipei ($3.41M).

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Exporters of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) (2023)
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Importers of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$3.51M
Top Destination Growth (2022 -  2023)United States$6.63M

Between 2022 and 2023, the exports of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) grew the fastest in China ($3.51M), United States ($3.34M), South Korea ($3.16M), Germany ($1.23M), and Chinese Taipei ($546k).

Between 2022 and 2023, the fastest growing importers of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) were United States ($6.63M), Saudi Arabia ($2.7M), India ($2.07M), Austria ($1.15M), and Pakistan ($903k).

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Exporters of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) (2022 - 2023)

Importers of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not 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 other light or photon beam processes (not laser).

In 2023, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser) are explained by 12 countries.

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Value of Exports in Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not laser)

Net Trade

TOP NET EXPORTER (2023)Spain$11.1M
TOP NET IMPORTER (2023)Mexico$3.96M

This map shows which countries export or import more of Machine-tools; for working any material by removal of material; operated by other light or photon beam processes (not 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 other light or photon beam processes (not 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 other light or photon beam processes (not laser) were Spain ($11.1M), Germany ($6.58M), South Korea ($5.39M), Japan ($3.93M), and Israel ($3.9M).

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 other light or photon beam processes (not laser) were Mexico ($3.96M), India ($2.88M), Saudi Arabia ($2.81M), Thailand ($2.21M), and Switzerland ($1.76M).

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 other light or photon beam processes (not 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 other light or photon beam processes (not 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 other light or photon beam processes (not 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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