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845650 (Harmonized System 2017 for 6-digit)

2023
World Trade $224MRnk 3941 / 5380
2023
Top Exporter | Top Importer $39M | $36.6MChina | United States
2023
Product Complexity 1.34Rnk 337 / 5381
2022 - 2023
Export Growth (CAGR) -2.37%Rnk 2154 / 5380
2023
Share of World Trade 0.00099%Rnk 3941 / 5380

About

Overview This page contains the latest trade data of Machine tools; for working any material by removal of material; operated by water-jet cutting machines. In 2023, Machine tools; for working any material by removal of material; operated by water-jet cutting machines were the world's 3941st most traded product, with a total trade of $224M. Between 2022 and 2023 the exports of Machine tools; for working any material by removal of material; operated by water-jet cutting machines decreased by -2.37%, from $230M to $224M. Trade in Machine tools; for working any material by removal of material; operated by water-jet cutting machines represent 0.00099% of total world trade.

Machine tools; for working any material by removal of material; operated by water-jet cutting machines 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 water-jet cutting machines  were China ($39M), United States ($37.7M), South Korea ($31.5M), Germany ($23.6M), and Italy ($18.6M).

Imports In 2023 the top importers of Machine tools; for working any material by removal of material; operated by water-jet cutting machines were United States ($36.6M), Germany ($15.1M), Russia ($14.3M), Canada ($13.9M), and United Kingdom ($10.7M).

Ranking Machine tools; for working any material by removal of material; operated by water-jet cutting machines ranks 337th 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 water-jet cutting machines. 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$39M
Top Destination (2023)United States$36.6M

In 2023 Machine tools; for working any material by removal of material; operated by water-jet cutting machines were the world's 3941st 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 water-jet cutting machines were China ($39M), United States ($37.7M), South Korea ($31.5M), Germany ($23.6M), and Italy ($18.6M).

In 2023, the top importers of Machine tools; for working any material by removal of material; operated by water-jet cutting machines were United States ($36.6M), Germany ($15.1M), Russia ($14.3M), Canada ($13.9M), and United Kingdom ($10.7M).

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Exporters of Machine tools; for working any material by removal of material; operated by water-jet cutting machines (2023)
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Importers of Machine tools; for working any material by removal of material; operated by water-jet cutting machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$8.23M
Top Destination Growth (2022 -  2023)Russia$7.22M

Between 2022 and 2023, the exports of Machine tools; for working any material by removal of material; operated by water-jet cutting machines grew the fastest in China ($8.23M), Germany ($3.11M), Turkey ($2.6M), France ($2.36M), and United States ($2.22M).

Between 2022 and 2023, the fastest growing importers of Machine tools; for working any material by removal of material; operated by water-jet cutting machines were Russia ($7.22M), Mexico ($6.71M), Turkey ($3.33M), Romania ($2.63M), and Thailand ($1.94M).

Explore Visualizations

Exporters of Machine tools; for working any material by removal of material; operated by water-jet cutting machines (2022 - 2023)

Importers of Machine tools; for working any material by removal of material; operated by water-jet cutting machines (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 water-jet cutting machines.

In 2023, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Machine tools; for working any material by removal of material; operated by water-jet cutting machines 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 water-jet cutting machines

Net Trade

TOP NET EXPORTER (2023)China$34.2M
TOP NET IMPORTER (2023)Canada$13M

This map shows which countries export or import more of Machine tools; for working any material by removal of material; operated by water-jet cutting machines. 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 water-jet cutting machines 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 water-jet cutting machines were China ($34.2M), South Korea ($30.3M), Italy ($12.8M), Germany ($8.45M), and Sweden ($7.26M).

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 water-jet cutting machines were Canada ($13M), Mexico ($8.85M), United Kingdom ($7.87M), Australia ($6.46M), and Romania ($3.91M).

Net Trade (2023)

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 water-jet cutting machines.
It is possible to select the main countries that export or import Machine tools; for working any material by removal of material; operated by water-jet cutting machines 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 water-jet cutting machines 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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