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845490 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.66BRnk 1593 / 4644
2023
Top Exporter | Top Importer $493M | $348MChina | United States
2023
Product Complexity 0.94Rnk 865 / 4656
2022 - 2023
Export Growth (CAGR) 19.4%Rnk 300 / 4644
2023
Share of World Trade 0.0073%Rnk 1593 / 4644

About

Overview This page contains the latest trade data of Parts of equipment for metallurgy, foundries. In 2023, Parts of equipment for metallurgy, foundries were the world's 1593rd most traded product, with a total trade of $1.66B. Between 2022 and 2023 the exports of Parts of equipment for metallurgy, foundries grew by 19.4%, from $1.39B to $1.66B. Trade in Parts of equipment for metallurgy, foundries represent 0.0073% of total world trade.

Parts of equipment for metallurgy, foundries are a part of Casting Machines.

Exports In 2023 the top exporters of Parts of equipment for metallurgy, foundries  were China ($493M), Germany ($190M), Italy ($188M), United States ($127M), and Japan ($121M).

Imports In 2023 the top importers of Parts of equipment for metallurgy, foundries were United States ($348M), India ($112M), Germany ($111M), Italy ($65.4M), and Japan ($57.4M).

Ranking Parts of equipment for metallurgy, foundries ranks 865th in the Product Complexity Index (PCI).

Description The furnace is used to heat up the metal. The ingot mold is for shaping the ingot. The ladle is for filling the ingot mold. The furnace is used to heat up the metal. The ingot mold is for shaping the ingot. The ladle is for filling the ingot mold.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of equipment for metallurgy, foundries. 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$493M
Top Destination (2023)United States$348M

In 2023 Parts of equipment for metallurgy, foundries were the world's 1593rd most traded product (out of 4,644).

In 2023, the top exporters of Parts of equipment for metallurgy, foundries were China ($493M), Germany ($190M), Italy ($188M), United States ($127M), and Japan ($121M).

In 2023, the top importers of Parts of equipment for metallurgy, foundries were United States ($348M), India ($112M), Germany ($111M), Italy ($65.4M), and Japan ($57.4M).

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Exporters of Parts of equipment for metallurgy, foundries (2023)
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Importers of Parts of equipment for metallurgy, foundries (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$133M
Top Destination Growth (2022 -  2023)Germany$49.7M

Between 2022 and 2023, the exports of Parts of equipment for metallurgy, foundries grew the fastest in China ($133M), United States ($25.8M), Italy ($24.9M), Japan ($22.6M), and Switzerland ($14.2M).

Between 2022 and 2023, the fastest growing importers of Parts of equipment for metallurgy, foundries were Germany ($49.7M), United States ($41M), Algeria ($33.5M), Austria ($20M), and India ($19.6M).

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Exporters of Parts of equipment for metallurgy, foundries (2022 - 2023)

Importers of Parts of equipment for metallurgy, foundries (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of equipment for metallurgy, foundries.

In 2023, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Parts of equipment for metallurgy, foundries are explained by 13 countries.

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Value of Exports in Parts of equipment for metallurgy, foundries

Net Trade

TOP NET EXPORTER (2023)China$438M
TOP NET IMPORTER (2023)United States$222M

This map shows which countries export or import more of Parts of equipment for metallurgy, foundries. Each country is colored based on the difference in exports and imports of Parts of equipment for metallurgy, foundries during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of equipment for metallurgy, foundries were China ($438M), Italy ($123M), Germany ($79.3M), Japan ($63.3M), and Canada ($47.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of equipment for metallurgy, foundries were United States ($222M), India ($83.5M), Malaysia ($42.4M), Russia ($40.5M), and Indonesia ($38.3M).

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 Parts of equipment for metallurgy, foundries.
It is possible to select the main countries that export or import Parts of equipment for metallurgy, foundries in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of equipment for metallurgy, foundries 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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