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846330 (Harmonized System 1992 for 6-digit)

2023
World Trade $545MRnk 2757 / 4644
2023
Top Exporter | Top Importer $138M | $73.9MChina | United States
2023
Product Complexity 0.9Rnk 945 / 4656
2022 - 2023
Export Growth (CAGR) -2%Rnk 1761 / 4644
2023
Share of World Trade 0.0024%Rnk 2757 / 4644

About

Overview This page contains the latest trade data of Machines for working metal wire. In 2023, Machines for working metal wire were the world's 2757th most traded product, with a total trade of $545M. Between 2022 and 2023 the exports of Machines for working metal wire decreased by -2%, from $556M to $545M. Trade in Machines for working metal wire represent 0.0024% of total world trade.

Machines for working metal wire are a part of Other Non-Metal Removal Machinery.

Exports In 2023 the top exporters of Machines for working metal wire  were China ($138M), Germany ($93.4M), Italy ($76M), Chinese Taipei ($24.5M), and Spain ($23.5M).

Imports In 2023 the top importers of Machines for working metal wire were United States ($73.9M), Turkey ($39.8M), Mexico ($24.5M), China ($20M), and India ($20M).

Ranking Machines for working metal wire ranks 945th in the Product Complexity Index (PCI).

Description Machine tools are used to form metal through cutting, shaping, or bending. The cutting and shaping of metal could be done by a lathe, milling, or shaper. The bending could be done by a metal bender.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machines for working metal wire. 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)China$138M
Top Destination (2023)United States$73.9M

In 2023 Machines for working metal wire were the world's 2757th most traded product (out of 4,644).

In 2023, the top exporters of Machines for working metal wire were China ($138M), Germany ($93.4M), Italy ($76M), Chinese Taipei ($24.5M), and Spain ($23.5M).

In 2023, the top importers of Machines for working metal wire were United States ($73.9M), Turkey ($39.8M), Mexico ($24.5M), China ($20M), and India ($20M).

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Exporters of Machines for working metal wire (2023)
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Importers of Machines for working metal wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$15.5M
Top Destination Growth (2022 -  2023)Turkey$14.3M

Between 2022 and 2023, the exports of Machines for working metal wire grew the fastest in Spain ($15.5M), Germany ($13M), Italy ($7.8M), New Zealand ($6.95M), and Bahrain ($4.04M).

Between 2022 and 2023, the fastest growing importers of Machines for working metal wire were Turkey ($14.3M), Czechia ($7.92M), Saudi Arabia ($6.33M), Mexico ($5.3M), and Russia ($4.65M).

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Exporters of Machines for working metal wire (2022 - 2023)

Importers of Machines for working metal wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machines for working metal wire.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Machines for working metal wire are explained by 14 countries.

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Value of Exports in Machines for working metal wire

Net Trade

TOP NET EXPORTER (2023)China$118M
TOP NET IMPORTER (2023)United States$58.3M

This map shows which countries export or import more of Machines for working metal wire. Each country is colored based on the difference in exports and imports of Machines for working metal wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machines for working metal wire were China ($118M), Germany ($83.6M), Italy ($63.7M), Spain ($18.5M), and Chinese Taipei ($17.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Machines for working metal wire were United States ($58.3M), Turkey ($24.8M), Mexico ($24.3M), Brazil ($16.4M), and India ($16M).

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 Machines for working metal wire.
It is possible to select the main countries that export or import Machines for working metal wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machines for working metal wire 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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