Harvesting Machinery8433 (Harmonized System 1992 for 4-digit)
2020 World Trade: $21B, Rnk 175 / 1217
2020 Top Exporter | Top Importer: $3.87B | $2.88B, Germany | United States
2020 Product Complexity: 0.75, Rnk 256 / 1028
2019 - 2020 Export Growth (CAGR): 2.24%, Rnk 265 / 1217
2018 Mean Tariff: 4.53%, Rnk 913 / 1259
2020 Share of World Trade: 0.13%, Rnk 175 / 1217
Overview This page contains the latest trade data of Harvesting Machinery. In 2020, Harvesting Machinery were the world's 175th most traded product, with a total trade of $21B. Between 2019 and 2020 the exports of Harvesting Machinery grew by 2.24%, from $20.6B to $21B. Trade in Harvesting Machinery represent 0.13% of total world trade.
Harvesting Machinery are a part of Machinery, mechanical appliances, & parts. They include Parts of agricultural machinery, Combine harvester-threshers, Mowers, powered, lawn, with horizontal cutting device, Harvesting machinery nes, Hay etc mowers and cutter bars, tractor mounting, Straw or fodder balers, including pick-up balers, Machines for cleaning, sorting, grading eggs/fruit/et, Hay tedders and rakes and other haymaking machinery, Mowers, powered, lawn, nes, and Root or tuber harvesting machines, among others.
Exports In 2020 the top exporters of Harvesting Machinery were Germany ($3.87B), United States ($2.74B), China ($2.55B), Italy ($1.37B), and Belgium ($1.24B).
Imports In 2020 the top importers of Harvesting Machinery were United States ($2.88B), Germany ($1.9B), France ($1.8B), Canada ($1.27B), and United Kingdom ($939M).
Tariffs In 2018 the average tariff for Harvesting Machinery was 4.53%, making it the 913th lowest tariff using the HS4 product classification.
Ranking Harvesting Machinery ranks 256th in the Product Complexity Index (PCI).
Description Harvesting or threshing machinery is used to harvest crops. Machines for cleaning, sorting, and grading eggs are used to clean, sort, and grade eggs. Machines for cleaning, sorting, and grading fruit are used to clean, sort, and grade fruit.
The following visualization shows the latest trends on Harvesting Machinery. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $3.87B
Top Destination (2020): United States, $2.88B
Harvesting Machinery are the world's 175th most traded product.
In 2020, the top exporters of Harvesting Machinery were Germany ($3.87B), United States ($2.74B), China ($2.55B), Italy ($1.37B), and Belgium ($1.24B).
In 2020, the top importers of Harvesting Machinery were United States ($2.88B), Germany ($1.9B), France ($1.8B), Canada ($1.27B), and United Kingdom ($939M).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $297M
Top Destination Growth (2019 - 2020): United States, $376M
Between 2019 and 2020, the exports of Harvesting Machinery grew the fastest in Vietnam ($297M), Germany ($210M), China ($201M), Poland ($122M), and Thailand ($120M).
Between 2019 and 2020, the fastest growing importers of Harvesting Machinery were United States ($376M), Australia ($166M), Turkey ($80.5M), Sweden ($60.2M), and Denmark ($52.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Harvesting Machinery.
In 2020, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Harvesting Machinery are explained by 19 countries.
This map shows which countries export or import more of Harvesting Machinery. Each country is colored based on the difference in exports and imports of Harvesting Machinery during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Harvesting Machinery were China ($2.1B), Germany ($1.97B), Italy ($843M), Belgium ($695M), and Netherlands ($343M).
In 2020, the countries that had a largest trade value in imports than in exports of Harvesting Machinery were Australia ($805M), France ($779M), Canada ($778M), Russia ($460M), and United Kingdom ($435M).
In 2020, the world most traded Harvesting Machinery, disaggragated by their HS6 level were Parts of agricultural machinery ($5.55B), Mowers, powered, lawn, with horizontal cutting... ($4.84B), Combine harvester-threshers ($3.7B), Harvesting machinery nes ($1.64B), and Straw or fodder balers, including pick-up... ($1.33B)
This visualization shows the countries that have an important ratio of their trade related to Harvesting Machinery. It is possible to select the main countries that export or import Harvesting Machinery in the world, or by continent, as well as select the measure of interest.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb