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845640 (Harmonized System 2017 for 6-digit)

2023
World Trade $492MRnk 3101 / 5380
2023
Top Exporter | Top Importer $81.2M | $143MChina | United States
2023
Product Complexity 0.65Rnk 1598 / 5381
2022 - 2023
Export Growth (CAGR) 2.74%Rnk 1548 / 5380
2023
Share of World Trade 0.0022%Rnk 3101 / 5380

About

Overview This page contains the latest trade data of Machine tools; for working any material by removal of material; operated by plasma arc processes;. In 2023, Machine tools; for working any material by removal of material; operated by plasma arc processes; were the world's 3101st most traded product, with a total trade of $492M. Between 2022 and 2023 the exports of Machine tools; for working any material by removal of material; operated by plasma arc processes; grew by 2.74%, from $479M to $492M. Trade in Machine tools; for working any material by removal of material; operated by plasma arc processes; represent 0.0022% of total world trade.

Machine tools; for working any material by removal of material; operated by plasma arc processes; 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 plasma arc processes;  were China ($81.2M), United States ($68.4M), Canada ($62.5M), Netherlands ($56.2M), and Germany ($55.5M).

Imports In 2023 the top importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($143M), Netherlands ($28.7M), Italy ($22M), Germany ($19M), and China ($18.1M).

Ranking Machine tools; for working any material by removal of material; operated by plasma arc processes; ranks 1598th 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 plasma arc processes;. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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$81.2M
Top Destination (2023)United States$143M

In 2023 Machine tools; for working any material by removal of material; operated by plasma arc processes; were the world's 3101st 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 plasma arc processes; were China ($81.2M), United States ($68.4M), Canada ($62.5M), Netherlands ($56.2M), and Germany ($55.5M).

In 2023, the top importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($143M), Netherlands ($28.7M), Italy ($22M), Germany ($19M), and China ($18.1M).

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Exporters of Machine tools; for working any material by removal of material; operated by plasma arc processes; (2023)
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Importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$13.5M
Top Destination Growth (2022 -  2023)United States$13.7M

Between 2022 and 2023, the exports of Machine tools; for working any material by removal of material; operated by plasma arc processes; grew the fastest in Spain ($13.5M), China ($11.4M), New Zealand ($10.1M), Slovakia ($4.58M), and Turkey ($4.25M).

Between 2022 and 2023, the fastest growing importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($13.7M), Italy ($9.98M), Germany ($5.75M), Mexico ($5.75M), and Russia ($5.7M).

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

Importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; (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 plasma arc processes;.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Machine tools; for working any material by removal of material; operated by plasma arc processes; are explained by 14 countries.

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Value of Exports in Machine tools; for working any material by removal of material; operated by plasma arc processes;

Net Trade

TOP NET EXPORTER (2023)China$63.1M
TOP NET IMPORTER (2023)United States$74.7M

This map shows which countries export or import more of Machine tools; for working any material by removal of material; operated by plasma arc processes;. 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 plasma arc processes; 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 plasma arc processes; were China ($63.1M), Canada ($45.7M), Germany ($36.5M), Netherlands ($27.5M), and New Zealand ($21.4M).

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 plasma arc processes; were United States ($74.7M), Russia ($16.5M), Australia ($9.46M), India ($7.26M), and Saudi Arabia ($7.23M).

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 plasma arc processes;.
It is possible to select the main countries that export or import Machine tools; for working any material by removal of material; operated by plasma arc processes; 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 plasma arc processes; 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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