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848340 (Harmonized System 1992 for 6-digit)

2023
World Trade $21.2BRnk 154 / 4644
2023
Top Exporter | Top Importer $3.65B | $3.59BGermany | United States
2023
Product Complexity 1.42Rnk 223 / 4656
2022 - 2023
Export Growth (CAGR) 0.18%Rnk 1534 / 4644
2023
Share of World Trade 0.094%Rnk 154 / 4644

About

Overview This page contains the latest trade data of Gearing, ball screws, speed changers, torque converte. In 2023, Gearing, ball screws, speed changers, torque converte were the world's 154th most traded product, with a total trade of $21.2B. Between 2022 and 2023 the exports of Gearing, ball screws, speed changers, torque converte grew by 0.18%, from $21.1B to $21.2B. Trade in Gearing, ball screws, speed changers, torque converte represent 0.094% of total world trade.

Gearing, ball screws, speed changers, torque converte are a part of Transmissions.

Exports In 2023 the top exporters of Gearing, ball screws, speed changers, torque converte  were Germany ($3.65B), China ($3.18B), Italy ($2.28B), United States ($2.17B), and Japan ($1.72B).

Imports In 2023 the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.59B), China ($2B), Germany ($1.65B), Canada ($1.07B), and Brazil ($961M).

Ranking Gearing, ball screws, speed changers, torque converte ranks 223rd in the Product Complexity Index (PCI).

Description Gearing is a system of two or more gears to change the ratio of the speeds. Ball screws are precision linear guides that are used to create straight and linear motion for precision applications. Speed changers are an apparatus that changes the speed of one load to another. Torque converters convert torque from one form to another.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gearing, ball screws, speed changers, torque converte. 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$3.65B
Top Destination (2023)United States$3.59B

In 2023 Gearing, ball screws, speed changers, torque converte were the world's 154th most traded product (out of 4,644).

In 2023, the top exporters of Gearing, ball screws, speed changers, torque converte were Germany ($3.65B), China ($3.18B), Italy ($2.28B), United States ($2.17B), and Japan ($1.72B).

In 2023, the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.59B), China ($2B), Germany ($1.65B), Canada ($1.07B), and Brazil ($961M).

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Exporters of Gearing, ball screws, speed changers, torque converte (2023)
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Importers of Gearing, ball screws, speed changers, torque converte (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$194M
Top Destination Growth (2022 -  2023)Germany$134M

Between 2022 and 2023, the exports of Gearing, ball screws, speed changers, torque converte grew the fastest in Germany ($194M), Belgium ($122M), Italy ($95.7M), India ($87.9M), and Czechia ($83.9M).

Between 2022 and 2023, the fastest growing importers of Gearing, ball screws, speed changers, torque converte were Germany ($134M), Australia ($118M), South Korea ($78.2M), Turkey ($63.7M), and United Kingdom ($54.5M).

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Exporters of Gearing, ball screws, speed changers, torque converte (2022 - 2023)

Importers of Gearing, ball screws, speed changers, torque converte (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gearing, ball screws, speed changers, torque converte.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Gearing, ball screws, speed changers, torque converte are explained by 17 countries.

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Value of Exports in Gearing, ball screws, speed changers, torque converte

Net Trade

TOP NET EXPORTER (2023)Germany$2B
TOP NET IMPORTER (2023)United States$1.42B

This map shows which countries export or import more of Gearing, ball screws, speed changers, torque converte. Each country is colored based on the difference in exports and imports of Gearing, ball screws, speed changers, torque converte during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gearing, ball screws, speed changers, torque converte were Germany ($2B), Italy ($1.51B), Japan ($1.23B), China ($1.18B), and Chinese Taipei ($884M).

In 2023, the countries that had a largest trade value in imports than in exports of Gearing, ball screws, speed changers, torque converte were United States ($1.42B), Brazil ($855M), Canada ($846M), Mexico ($579M), and Australia ($391M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gearing, ball screws, speed changers, torque converte.
It is possible to select the main countries that export or import Gearing, ball screws, speed changers, torque converte in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gearing, ball screws, speed changers, torque converte 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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