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845640 (Harmonized System 2017 for 6-digit)

2022
World Trade $498MRnk 3146 / 5380
2022
Top Exporter | Top Importer $93.1M | $133MChina | United States
2022
Product Complexity 0.77Rnk 1369 / 5381
2021 - 2022
Export Growth (CAGR) 8.46%Rnk 2161 / 5380
2022
Share of World Trade 0.0021%Rnk 3146 / 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 2022, Machine tools; for working any material by removal of material; operated by plasma arc processes; were the world's 3146th most traded product, with a total trade of $498M. Between 2021 and 2022 the exports of Machine tools; for working any material by removal of material; operated by plasma arc processes; grew by 8.46%, from $459M to $498M. Trade in Machine tools; for working any material by removal of material; operated by plasma arc processes; represent 0.0021% 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 2022 the top exporters of Machine tools; for working any material by removal of material; operated by plasma arc processes;  were China ($93.1M), Canada ($71.1M), United States ($68.4M), Germany ($54.9M), and Netherlands ($41.7M).

Imports In 2022 the top importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($133M), Netherlands ($32.2M), China ($21.4M), Canada ($21M), and Germany ($20.7M).

Ranking Machine tools; for working any material by removal of material; operated by plasma arc processes; ranks 1369th 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 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 (2022)China$93.1M
Top Destination (2022)United States$133M

In 2022 Machine tools; for working any material by removal of material; operated by plasma arc processes; were the world's 3146th 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 plasma arc processes; were China ($93.1M), Canada ($71.1M), United States ($68.4M), Germany ($54.9M), and Netherlands ($41.7M).

In 2022, the top importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($133M), Netherlands ($32.2M), China ($21.4M), Canada ($21M), and Germany ($20.7M).

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Exporters of Machine tools; for working any material by removal of material; operated by plasma arc processes; (2022)
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Importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$31.8M
Top Destination Growth (2021 -  2022)United States$22.9M

Between 2021 and 2022, the exports of Machine tools; for working any material by removal of material; operated by plasma arc processes; grew the fastest in Canada ($31.8M), Chinese Taipei ($8.72M), China ($8.22M), Spain ($6.79M), and Italy ($5.28M).

Between 2021 and 2022, the fastest growing importers of Machine tools; for working any material by removal of material; operated by plasma arc processes; were United States ($22.9M), Malaysia ($8.73M), France ($7.41M), Italy ($7M), and Singapore ($4.21M).

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

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

In 2022, market concentration measured using Shannon Entropy, was 3.86. 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 (2022)China$71.8M
TOP NET IMPORTER (2022)United States$64.7M

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 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 plasma arc processes; were China ($71.8M), Canada ($50.1M), Germany ($34.2M), Slovakia ($16.1M), and Chinese Taipei ($12M).

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 plasma arc processes; were United States ($64.7M), France ($12.8M), Malaysia ($12.8M), Russia ($11.9M), and Australia ($10.9M).

Net Trade (2022)

Country Comparison

Flow
Measure
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 (2022)

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