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846620 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.76BRnk 1545 / 4644
2023
Top Exporter | Top Importer $528M | $269MGermany | United States
2023
Product Complexity 1.17Rnk 510 / 4656
2022 - 2023
Export Growth (CAGR) 2.2%Rnk 1316 / 4644
2023
Share of World Trade 0.0078%Rnk 1545 / 4644

About

Overview This page contains the latest trade data of Work holders for use with machine tools. In 2023, Work holders for use with machine tools were the world's 1545th most traded product, with a total trade of $1.76B. Between 2022 and 2023 the exports of Work holders for use with machine tools grew by 2.2%, from $1.72B to $1.76B. Trade in Work holders for use with machine tools represent 0.0078% of total world trade.

Work holders for use with machine tools are a part of Metalworking Machine Parts.

Exports In 2023 the top exporters of Work holders for use with machine tools  were Germany ($528M), China ($182M), United States ($170M), Japan ($129M), and Switzerland ($114M).

Imports In 2023 the top importers of Work holders for use with machine tools were United States ($269M), Germany ($201M), China ($181M), Mexico ($92.5M), and Italy ($68.1M).

Ranking Work holders for use with machine tools ranks 510th in the Product Complexity Index (PCI).

Description There are many types of work holders that can be used with machine tools. A work holder can be used to hold a work piece in place for machining when the work piece is either too large to be held in a vice or if the work piece needs to be oriented in a certain way. A work holder can be used for turning, milling, drilling, tapping, grinding, and many other operations. Work holders are often used in conjunction with jigs, fixtures, and tools to create a more stable and precise work environment.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Work holders for use with machine tools. 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$528M
Top Destination (2023)United States$269M

In 2023 Work holders for use with machine tools were the world's 1545th most traded product (out of 4,644).

In 2023, the top exporters of Work holders for use with machine tools were Germany ($528M), China ($182M), United States ($170M), Japan ($129M), and Switzerland ($114M).

In 2023, the top importers of Work holders for use with machine tools were United States ($269M), Germany ($201M), China ($181M), Mexico ($92.5M), and Italy ($68.1M).

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Exporters of Work holders for use with machine tools (2023)
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Importers of Work holders for use with machine tools (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$47.6M
Top Destination Growth (2022 -  2023)Russia$21.7M

Between 2022 and 2023, the exports of Work holders for use with machine tools grew the fastest in Germany ($47.6M), United States ($31.2M), China ($17.1M), Italy ($13.2M), and India ($11.2M).

Between 2022 and 2023, the fastest growing importers of Work holders for use with machine tools were Russia ($21.7M), Canada ($16.9M), Mexico ($15.4M), Turkey ($10.1M), and Italy ($9.34M).

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Exporters of Work holders for use with machine tools (2022 - 2023)

Importers of Work holders for use with machine tools (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Work holders for use with machine tools.

In 2023, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Work holders for use with machine tools are explained by 14 countries.

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Value of Exports in Work holders for use with machine tools

Net Trade

TOP NET EXPORTER (2023)Germany$327M
TOP NET IMPORTER (2023)United States$98.6M

This map shows which countries export or import more of Work holders for use with machine tools. Each country is colored based on the difference in exports and imports of Work holders for use with machine tools during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Work holders for use with machine tools were Germany ($327M), Japan ($87.9M), Switzerland ($73.1M), Chinese Taipei ($67.4M), and South Korea ($37.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Work holders for use with machine tools were United States ($98.6M), Mexico ($89.5M), Russia ($39.6M), France ($31.8M), and United Kingdom ($29.2M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Work holders for use with machine tools.
It is possible to select the main countries that export or import Work holders for use with machine tools in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Work holders for use with machine tools 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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