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846692 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.97BRnk 1508 / 4648
2022
Top Exporter | Top Importer $293M | $428MGermany | United States
2022
Product Complexity 1.08Rnk 663 / 4653
2021 - 2022
Export Growth (CAGR) -3.48%Rnk 3412 / 4648
2022
Share of World Trade 0.0083%Rnk 1508 / 4648

About

Overview This page contains the latest trade data of Parts, accessories nes, wood, plastic machine tools. In 2022, Parts, accessories nes, wood, plastic machine tools were the world's 1508th most traded product, with a total trade of $1.97B. Between 2021 and 2022 the exports of Parts, accessories nes, wood, plastic machine tools decreased by -3.48%, from $2.05B to $1.97B. Trade in Parts, accessories nes, wood, plastic machine tools represent 0.0083% of total world trade.

Parts, accessories nes, wood, plastic machine tools are a part of Metalworking Machine Parts.

Exports In 2022 the top exporters of Parts, accessories nes, wood, plastic machine tools  were Germany ($293M), China ($283M), Italy ($257M), Canada ($219M), and United States ($128M).

Imports In 2022 the top importers of Parts, accessories nes, wood, plastic machine tools were United States ($428M), Germany ($284M), Canada ($93.8M), Austria ($73.8M), and France ($66.6M).

Ranking Parts, accessories nes, wood, plastic machine tools ranks 663rd in the Product Complexity Index (PCI).

Description Parts are used in every industry to create items such as automobiles, furniture, and electronics. There are many different types of parts such as light bulbs and rubber. Accessory parts are used to increase the efficiency of machines and create new functions. This includes for example, a drill bit that is used to drill holes in wood. Wood is an important material in many industries, and is used to create items such as chairs and furniture. Plastic is used in the production of many items, including automobile parts. Machine tools such as a lathe or a band saw are needed to take raw materials and

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts, accessories nes, wood, plastic 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 (2022)Germany$293M
Top Destination (2022)United States$428M

In 2022 Parts, accessories nes, wood, plastic machine tools were the world's 1508th most traded product (out of 4,648).

In 2022, the top exporters of Parts, accessories nes, wood, plastic machine tools were Germany ($293M), China ($283M), Italy ($257M), Canada ($219M), and United States ($128M).

In 2022, the top importers of Parts, accessories nes, wood, plastic machine tools were United States ($428M), Germany ($284M), Canada ($93.8M), Austria ($73.8M), and France ($66.6M).

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Exporters of Parts, accessories nes, wood, plastic machine tools (2022)
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Importers of Parts, accessories nes, wood, plastic machine tools (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$63.9M
Top Destination Growth (2021 -  2022)United States$60.1M

Between 2021 and 2022, the exports of Parts, accessories nes, wood, plastic machine tools grew the fastest in Canada ($63.9M), Poland ($14.1M), United States ($13.7M), Slovenia ($6.74M), and Switzerland ($6.39M).

Between 2021 and 2022, the fastest growing importers of Parts, accessories nes, wood, plastic machine tools were United States ($60.1M), Germany ($17.7M), New Zealand ($8.11M), Japan ($8.05M), and India ($4.72M).

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Exporters of Parts, accessories nes, wood, plastic machine tools (2021 - 2022)

Importers of Parts, accessories nes, wood, plastic machine tools (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts, accessories nes, wood, plastic machine tools.

In 2022, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Parts, accessories nes, wood, plastic machine tools are explained by 17 countries.

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Value of Exports in Parts, accessories nes, wood, plastic machine tools

Net Trade

TOP NET EXPORTER (2022)China$236M
TOP NET IMPORTER (2022)United States$300M

This map shows which countries export or import more of Parts, accessories nes, wood, plastic machine tools. Each country is colored based on the difference in exports and imports of Parts, accessories nes, wood, plastic machine tools during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts, accessories nes, wood, plastic machine tools were China ($236M), Italy ($205M), Canada ($125M), Chinese Taipei ($69M), and Czechia ($51.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts, accessories nes, wood, plastic machine tools were United States ($300M), France ($49.1M), Vietnam ($33.1M), United Kingdom ($27.6M), and Mexico ($24.9M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts, accessories nes, wood, plastic machine tools.
It is possible to select the main countries that export or import Parts, accessories nes, wood, plastic machine tools in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts, accessories nes, wood, plastic 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 (2022)

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