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Machine tool parts: top exporters and importers (2024)

In 2024, world trade in machine tool parts totaled $19.1 billion (914 thousand tonnes). The top exporters were Germany (21%), China (12%) and Italy (8%); the top importers were the United States (17%), Germany (9%) and China (8%). Compared with 2019, the value was stable.

Summary

World trade
$19.1billion
Tonnes
914thousand tonnes
Price per tonne
$20,727
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$3.9 billion · 20.6%
  2. China$2.4 billion · 12.3%
  3. Italy$1.5 billion · 7.9%
  4. United States$1.5 billion · 7.9%
  5. Japan$1.4 billion · 7.2%
  6. Taiwan$1.1 billion · 5.6%
  7. Switzerland$922 million · 4.8%
  8. South Korea$626 million · 3.3%
  9. Canada$502 million · 2.6%
  10. France$447 million · 2.3%
  11. Spain$428 million · 2.2%
  12. Austria$419 million · 2.2%
  13. Czechia$339 million · 1.8%
  14. Netherlands$333 million · 1.7%
    re-exports
  15. India$274 million · 1.4%
  16. Poland$269 million · 1.4%
  17. United Kingdom$257 million · 1.4%
  18. Sweden$254 million · 1.3%
  19. Belgium$246 million · 1.3%
    re-exports
  20. Vietnam$185 million · 0.97%

Top importers

  1. United States$3.2 billion · 16.6%
  2. Germany$1.8 billion · 9.4%
  3. China$1.5 billion · 7.8%
  4. Mexico$757 million · 4%
  5. France$743 million · 3.9%
  6. Japan$691 million · 3.6%
  7. India$686 million · 3.6%
  8. Canada$643 million · 3.4%
  9. Austria$638 million · 3.3%
  10. Italy$602 million · 3.2%
  11. Switzerland$575 million · 3%
  12. Netherlands$528 million · 2.8%
    re-exports
  13. United Kingdom$449 million · 2.4%
  14. Poland$350 million · 1.8%
  15. Spain$344 million · 1.8%
  16. South Korea$311 million · 1.6%
  17. Czechia$289 million · 1.5%
  18. Belgium$281 million · 1.5%
    re-exports
  19. Russia$280 million · 1.5%
  20. Vietnam$264 million · 1.4%

Trend

Who sells it

Germany has been the top exporter since 2001

Value in USD billions. The five largest exporters in 2024.

  • Germany 3.9
  • China 2.4
  • Italy 1.5
  • United States 1.5
  • Japan 1.4

Source: CEPII BACI

Show the numbers
Country19952024
Germany1.63.9
China0.082.4
Italy0.571.5
United States11.5
Japan0.931.4

Price

Implied price

The price per tonne rose 18% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $20,727

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$17,637
1996$16,585
1997$14,734
1998$15,379
1999$14,755
2000$13,803
2001$14,045
2002$14,604
2003$15,604
2004$15,872
2005$16,020
2006$16,408
2007$14,912
2008$15,486
2009$17,558
2010$17,937
2011$17,987
2012$17,524
2013$20,112
2014$19,194
2015$17,117
2016$19,571
2017$17,612
2018$19,495
2019$19,874
2020$19,482
2021$19,204
2022$18,738
2023$19,968
2024$20,727

What it includes

  • 8466 · Machine tool parts

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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