The United States leads the global export of machine tools for metalworking, with a strong year-on-year growth of 1.46% in 2023. Japan, Italy, and Germany follow, with Germany showing a notable increase of 2.27%. South Korea experienced a significant 14.85% growth, indicating rising competitiveness. Conversely, Switzerland and Slovenia faced declines of over 10%, suggesting potential market contractions.
Looking ahead, emerging markets like Brazil and Thailand show potential for growth with 7.25% and 9.95% increases in 2023. Attention should be paid to rising demands in Asia, environmental regulations affecting manufacturing, and technological innovations driving efficiency in machine tool industries.
Top countries in Export of Machine Tools To Forge, Stamp, Hammer or Press Metals by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 238,130,000 | 2023 | +1.94% | +1.46% | View data |
| 2 | 2 Japan | 213,660,000 | 2023 | -0.51% | -0.6% | View data |
| 3 | 3 Italy | 197,540,000 | 2023 | +0.58% | -0.73% | View data |
| 4 | 4 Germany | 173,020,000 | 2023 | +0.069% | +2.27% | View data |
| 5 | 5 China | 168,280,000 | 2023 | +3.75% | +2.7% | View data |
| 6 | 6 South Korea | 90,993,000 | 2023 | -0.029% | +14.85% | View data |
| 7 | 7 Spain | 83,239,000 | 2023 | +0.5% | +3.46% | View data |
| 8 | 8 Brazil | 77,395,000 | 2023 | +2.19% | +7.25% | View data |
| 9 | 9 United Kingdom | 69,531,000 | 2023 | +1.24% | +3.18% | View data |
| 10 | 10 Belgium | 68,702,000 | 2023 | +3.81% | +3.35% | View data |
