Product intelligence · HS 846140 · 2024 data

Machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets

Global exports of machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets totalled $1,167,216,813 in 2024, a +6.5% change from the previous year. Traded by 120 countries across 1,106 bilateral corridors, with demand from 173 importing markets. The long-term trend is rapid growth.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$1.2B

+6.5% YoY

3Y / 5Y CAGR

+15.5%

5Y: +2.9%

Supply structure

Concentrated

HHI 0.334

Volatility

Low

Score 10/100

1.

Market movement

In 2024, machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets trade exhibited strong growth, with global flows reaching $1,167,216,813 and a three-year compound annual growth rate of +15.5% (five-year: +2.9%). The all-time peak of $1,372,415,849 was recorded in 2011; the current level is 15% below that high-water mark.

Over the 30-year observation window (19952024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+13.7% acceleration).

The World Trade Flows Characterization classifies machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is concentrated (Herfindahl-Hirschman Index 0.334). The three largest exporters — Germany ($627.2M), Switzerland ($222.2M), and Japan ($136.4M) — collectively dominate supply flows. The leading exporter has grown at +14.3% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.207). The three largest import markets are China ($501.9M), India ($106.6M), and United States ($81.8M). The largest importing market sources from 16 different supplying countries.

The dominant trade corridor is Germany → China at $326.2M, representing 65.0% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets is 10 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $1,372,415,849 in 2011. Currently 15% below peak.

YearGlobal trade (USD)YoY growth
2015$823,093,576-15.8%
2016$840,093,044+2.1%
2017$884,178,998+5.2%
2018$1,065,696,278+20.5%
2019$1,010,903,741-5.1%
2020$650,978,891-35.6%
2021$757,042,837+16.3%
2022$925,524,805+22.3%
2023$1,095,673,667+18.4%
2024$1,167,216,813+6.5%

Top exporting countries

Ranked by export value of machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets in 2024.

View all 120 exporters →

Top importing markets

Largest import destinations for machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets.

View all 173 markets →

Leading trade corridors

Largest bilateral export flows for machine-tools: gear cutting, gear grinding or gear finishing machines, working by removing metal, sintered metal carbides or cermets, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1GermanyChina$326.2M+16.4%
2SwitzerlandChina$90.3M+52.9%
3JapanChina$68.9M+5.1%
4GermanyIndia$51.9M+37.3%
5GermanyUnited States$45.5M+14.9%
6ChinaRussia$42.8M+315.6%
7GermanyItaly$32.3M+16.2%
8SwitzerlandGermany$31.0M+20.2%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.