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Machine-tools; for planing, shaping, slotting, broaching, gear cutting and grinding, finishing, sawing, cutting off and other tools working by removing metal, sintered metal carbides or cermets n.e.c.

8461 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.6BRnk 701 / 1217
2023
Top Exporter | Top Importer $788M | $630MGermany | China
2023
Product Complexity 1.64Rnk 20 / 1044
2022 - 2023
Export Growth (CAGR) 13.5%Rnk 109 / 1217
2023
Share of World Trade 0.011%Rnk 701 / 1217

About

Overview This page contains the latest trade data of Metalworking Machines. In 2023, Metalworking Machines were the world's 701st most traded product, with a total trade of $2.6B. Between 2022 and 2023 the exports of Metalworking Machines grew by 13.5%, from $2.29B to $2.6B. Trade in Metalworking Machines represent 0.011% of total world trade.

Metalworking Machines are a part of Machinery, mechanical appliances, & parts. They include Metal sawing or cutting-off machines, Gear cutting, grinding and finishing machines, Metal cuttting, shaping, filing, engrave machines, ne, Metal broaching machines, Metal shaping or slotting machines, and Metal planing machines.

Exports In 2023 the top exporters of Metalworking Machines  were Germany ($788M), China ($409M), Switzerland ($233M), Japan ($226M), and Italy ($197M).

Imports In 2023 the top importers of Metalworking Machines were China ($630M), United States ($329M), India ($139M), Germany ($120M), and Italy ($84.1M).

Ranking Metalworking Machines ranks 20th in the Product Complexity Index (PCI).

Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and cast iron.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Metalworking 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.

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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)Germany$788M
Top Destination (2023)China$630M

In 2023 Metalworking Machines were the world's 701st most traded product (out of 1,217).

In 2023, the top exporters of Metalworking Machines were Germany ($788M), China ($409M), Switzerland ($233M), Japan ($226M), and Italy ($197M).

In 2023, the top importers of Metalworking Machines were China ($630M), United States ($329M), India ($139M), Germany ($120M), and Italy ($84.1M).

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Exporters of Metalworking Machines (2023)
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Importers of Metalworking Machines (2023)
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Market Dynamics

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Top Origin Growth (2022 -  2023)Germany$143M
Top Destination Growth (2022 -  2023)China$136M

Between 2022 and 2023, the exports of Metalworking Machines grew the fastest in Germany ($143M), Switzerland ($52.5M), China ($42.3M), United States ($31.6M), and Italy ($24.6M).

Between 2022 and 2023, the fastest growing importers of Metalworking Machines were China ($136M), United States ($49.2M), Russia ($35.7M), Japan ($28.4M), and Turkey ($22.1M).

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Exporters of Metalworking Machines (2022 - 2023)

Importers of Metalworking Machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Metalworking Machines.

In 2023, market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Metalworking Machines are explained by 12 countries.

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Value of Exports in Metalworking Machines

Net Trade

TOP NET EXPORTER (2023)Germany$668M
TOP NET IMPORTER (2023)China$221M

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

In 2023, the countries that had a largest trade value in exports than in imports of Metalworking Machines were Germany ($668M), Switzerland ($215M), Japan ($160M), Italy ($113M), and Chinese Taipei ($99.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Metalworking Machines were China ($221M), United States ($204M), India ($109M), Russia ($81.2M), and Vietnam ($61.9M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Metalworking Machines, disaggragated by their HS6 level were Metal sawing or cutting-off machines ($1.1B), Gear cutting, grinding and finishing machines ($1.1B), Metal cuttting, shaping, filing, engrave machines,... ($241M), Metal broaching machines ($79.1M), and Metal shaping or slotting machines ($72M)

HS6 Disaggregation for Metalworking Machines (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Metalworking Machines.
It is possible to select the main countries that export or import Metalworking Machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Metalworking Machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $7M
TOP IMPORT POTENTIALSwitzerland+ $3.74M

Metalworking Machines’s highest export potential is France. With an export gap of $7M.  Metalworking Machines’s highest import potential is Switzerland with an import gap of $3.74M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Metalworking Machines.

Country by Relatedness

The following visualization shows the relatedness of Metalworking Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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