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845710 (Harmonized System 1992 for 6-digit)

2023
World Trade $9.05BRnk 406 / 4644
2023
Top Exporter | Top Importer $2.76B | $1.7BJapan | China
2023
Product Complexity 1.9Rnk 29 / 4656
2022 - 2023
Export Growth (CAGR) 3.9%Rnk 1135 / 4644
2023
Share of World Trade 0.04%Rnk 406 / 4644

About

Overview This page contains the latest trade data of Machining centres, for working metal. In 2023, Machining centres, for working metal were the world's 406th most traded product, with a total trade of $9.05B. Between 2022 and 2023 the exports of Machining centres, for working metal grew by 3.9%, from $8.71B to $9.05B. Trade in Machining centres, for working metal represent 0.04% of total world trade.

Machining centres, for working metal are a part of Metalworking Transfer Machines.

Exports In 2023 the top exporters of Machining centres, for working metal  were Japan ($2.76B), Germany ($1.83B), Chinese Taipei ($944M), China ($852M), and South Korea ($606M).

Imports In 2023 the top importers of Machining centres, for working metal were China ($1.7B), United States ($1.48B), Turkey ($651M), Germany ($470M), and Russia ($452M).

Ranking Machining centres, for working metal ranks 29th in the Product Complexity Index (PCI).

Description Machining centres are used for cutting, boring, turning, milling and drilling metal. They can be used for a variety of different tasks.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machining centres, for working metal. 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)Japan$2.76B
Top Destination (2023)China$1.7B

In 2023 Machining centres, for working metal were the world's 406th most traded product (out of 4,644).

In 2023, the top exporters of Machining centres, for working metal were Japan ($2.76B), Germany ($1.83B), Chinese Taipei ($944M), China ($852M), and South Korea ($606M).

In 2023, the top importers of Machining centres, for working metal were China ($1.7B), United States ($1.48B), Turkey ($651M), Germany ($470M), and Russia ($452M).

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Exporters of Machining centres, for working metal (2023)
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Importers of Machining centres, for working metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$423M
Top Destination Growth (2022 -  2023)Russia$269M

Between 2022 and 2023, the exports of Machining centres, for working metal grew the fastest in China ($423M), Germany ($289M), Italy ($71.9M), Brazil ($24.9M), and France ($23.8M).

Between 2022 and 2023, the fastest growing importers of Machining centres, for working metal were Russia ($269M), Turkey ($141M), Mexico ($74.1M), India ($56.6M), and Netherlands ($47.9M).

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Exporters of Machining centres, for working metal (2022 - 2023)

Importers of Machining centres, for working metal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machining centres, for working metal.

In 2023, market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Machining centres, for working metal are explained by 10 countries.

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Value of Exports in Machining centres, for working metal

Net Trade

TOP NET EXPORTER (2023)Japan$2.68B
TOP NET IMPORTER (2023)United States$1.11B

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

In 2023, the countries that had a largest trade value in exports than in imports of Machining centres, for working metal were Japan ($2.68B), Germany ($1.36B), Chinese Taipei ($883M), South Korea ($477M), and Switzerland ($81.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Machining centres, for working metal were United States ($1.11B), China ($850M), Turkey ($602M), Russia ($452M), and India ($358M).

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

Top 10 Exporters Countries of Machining centres, for working metal 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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