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Pricing

Machinery n.e.c. in this chapter, for the industrial preparation or manufacture of food or drink; other than machinery for extraction or preparation of animal or fixed vegetable fats or oils

8438 (Harmonized System 1992 for 4-digit)

2023
World Trade $15.8BRnk 254 / 1217
2023
Top Exporter | Top Importer $2.86B | $2.32BGermany | United States
2023
Product Complexity 0.68Rnk 295 / 1044
2022 - 2023
Export Growth (CAGR) 9.51%Rnk 167 / 1217
2023
Share of World Trade 0.07%Rnk 254 / 1217

About

Overview This page contains the latest trade data of Industrial Food Preperation Machinery. In 2023, Industrial Food Preperation Machinery were the world's 254th most traded product, with a total trade of $15.8B. Between 2022 and 2023 the exports of Industrial Food Preperation Machinery grew by 9.51%, from $14.4B to $15.8B. Trade in Industrial Food Preperation Machinery represent 0.07% of total world trade.

Industrial Food Preperation Machinery are a part of Machinery, mechanical appliances, & parts. They include Industrial machine parts, food, drink preparation, Bakery and pasta making machinery, Industrial machinery nes for food, drink preparation, Machinery for the preparation of meat and poultry, Machines, confectionery, cocoa, chocolate manufacture, Brewery machinery, Machinery for preparation of fruits, nuts, vegetables, and Machinery for sugar refining and manufacture.

Exports In 2023 the top exporters of Industrial Food Preperation Machinery  were Germany ($2.86B), Italy ($2.24B), Netherlands ($1.92B), China ($1.49B), and United States ($1.04B).

Imports In 2023 the top importers of Industrial Food Preperation Machinery were United States ($2.32B), Russia ($643M), Canada ($579M), Germany ($572M), and France ($552M).

Ranking Industrial Food Preperation Machinery ranks 295th in the Product Complexity Index (PCI).

Description Machinery for the industrial preparation or manufacture of food or drink is used in the production of other goods. It can be made from a variety of materials, including steel, aluminum, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial Food Preperation 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.

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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$2.86B
Top Destination (2023)United States$2.32B

In 2023 Industrial Food Preperation Machinery were the world's 254th most traded product (out of 1,217).

In 2023, the top exporters of Industrial Food Preperation Machinery were Germany ($2.86B), Italy ($2.24B), Netherlands ($1.92B), China ($1.49B), and United States ($1.04B).

In 2023, the top importers of Industrial Food Preperation Machinery were United States ($2.32B), Russia ($643M), Canada ($579M), Germany ($572M), and France ($552M).

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Exporters of Industrial Food Preperation Machinery (2023)
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Importers of Industrial Food Preperation Machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$347M
Top Destination Growth (2022 -  2023)United States$228M

Between 2022 and 2023, the exports of Industrial Food Preperation Machinery grew the fastest in Italy ($347M), Germany ($309M), Netherlands ($283M), United States ($94.7M), and Switzerland ($62.2M).

Between 2022 and 2023, the fastest growing importers of Industrial Food Preperation Machinery were United States ($228M), Russia ($155M), India ($149M), Canada ($87.5M), and Turkey ($79.3M).

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Exporters of Industrial Food Preperation Machinery (2022 - 2023)

Importers of Industrial Food Preperation Machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial Food Preperation Machinery.

In 2023, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Industrial Food Preperation Machinery are explained by 19 countries.

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Value of Exports in Industrial Food Preperation Machinery

Net Trade

TOP NET EXPORTER (2023)Germany$2.29B
TOP NET IMPORTER (2023)United States$1.28B

This map shows which countries export or import more of Industrial Food Preperation Machinery. Each country is colored based on the difference in exports and imports of Industrial Food Preperation Machinery during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial Food Preperation Machinery were Germany ($2.29B), Italy ($1.9B), Netherlands ($1.48B), China ($1.14B), and Denmark ($470M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial Food Preperation Machinery were United States ($1.28B), Russia ($630M), Canada ($386M), Mexico ($341M), and United Kingdom ($274M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Industrial Food Preperation Machinery, disaggragated by their HS6 level were Industrial machine parts, food, drink preparation ($4.23B), Industrial machinery nes for food, drink... ($3.1B), Bakery and pasta making machinery ($2.99B), Machinery for the preparation of meat... ($2.69B), and Machines, confectionery, cocoa, chocolate manufacture ($1.24B)

HS6 Disaggregation for Industrial Food Preperation Machinery (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Industrial Food Preperation Machinery.
It is possible to select the main countries that export or import Industrial Food Preperation Machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial Food Preperation Machinery by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $54.4M
TOP IMPORT POTENTIALNetherlands+ $50.8M

Industrial Food Preperation Machinery’s highest export potential is France. With an export gap of $54.4M.  Industrial Food Preperation Machinery’s highest import potential is Netherlands with an import gap of $50.8M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Industrial Food Preperation Machinery.

Country by Relatedness

The following visualization shows the relatedness of Industrial Food Preperation Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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