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843890 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.23BRnk 849 / 4644
2023
Top Exporter | Top Importer $733M | $604MGermany | United States
2023
Product Complexity 0.49Rnk 1689 / 4656
2022 - 2023
Export Growth (CAGR) 10.5%Rnk 653 / 4644
2023
Share of World Trade 0.019%Rnk 849 / 4644

About

Overview This page contains the latest trade data of Industrial machine parts, food, drink preparation. In 2023, Industrial machine parts, food, drink preparation were the world's 849th most traded product, with a total trade of $4.23B. Between 2022 and 2023 the exports of Industrial machine parts, food, drink preparation grew by 10.5%, from $3.83B to $4.23B. Trade in Industrial machine parts, food, drink preparation represent 0.019% of total world trade.

Industrial machine parts, food, drink preparation are a part of Industrial Food Preperation Machinery.

Exports In 2023 the top exporters of Industrial machine parts, food, drink preparation  were Germany ($733M), Netherlands ($632M), Italy ($474M), United States ($389M), and China ($223M).

Imports In 2023 the top importers of Industrial machine parts, food, drink preparation were United States ($604M), Germany ($267M), Netherlands ($222M), France ($198M), and Canada ($159M).

Ranking Industrial machine parts, food, drink preparation ranks 1689th in the Product Complexity Index (PCI).

Description Industrial machine parts are used to make other items such as cars, airplanes, buildings, etc. Food and drink preparation includes preparing food and drink for those to consume.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial machine parts, food, drink preparation. 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$733M
Top Destination (2023)United States$604M

In 2023 Industrial machine parts, food, drink preparation were the world's 849th most traded product (out of 4,644).

In 2023, the top exporters of Industrial machine parts, food, drink preparation were Germany ($733M), Netherlands ($632M), Italy ($474M), United States ($389M), and China ($223M).

In 2023, the top importers of Industrial machine parts, food, drink preparation were United States ($604M), Germany ($267M), Netherlands ($222M), France ($198M), and Canada ($159M).

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Exporters of Industrial machine parts, food, drink preparation (2023)
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Importers of Industrial machine parts, food, drink preparation (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$100M
Top Destination Growth (2022 -  2023)Netherlands$40.1M

Between 2022 and 2023, the exports of Industrial machine parts, food, drink preparation grew the fastest in Germany ($100M), United States ($56.8M), Italy ($54.6M), France ($39.6M), and Lithuania ($25.1M).

Between 2022 and 2023, the fastest growing importers of Industrial machine parts, food, drink preparation were Netherlands ($40.1M), Poland ($28.3M), India ($28.2M), United States ($26.6M), and Belgium ($22.7M).

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Exporters of Industrial machine parts, food, drink preparation (2022 - 2023)

Importers of Industrial machine parts, food, drink preparation (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial machine parts, food, drink preparation.

In 2023, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Industrial machine parts, food, drink preparation are explained by 20 countries.

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Value of Exports in Industrial machine parts, food, drink preparation

Net Trade

TOP NET EXPORTER (2023)Germany$466M
TOP NET IMPORTER (2023)United States$215M

This map shows which countries export or import more of Industrial machine parts, food, drink preparation. Each country is colored based on the difference in exports and imports of Industrial machine parts, food, drink preparation during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial machine parts, food, drink preparation were Germany ($466M), Netherlands ($411M), Italy ($356M), China ($175M), and Denmark ($110M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial machine parts, food, drink preparation were United States ($215M), Russia ($118M), Canada ($107M), Belgium ($78.2M), and Mexico ($65M).

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 Industrial machine parts, food, drink preparation.
It is possible to select the main countries that export or import Industrial machine parts, food, drink preparation in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial machine parts, food, drink preparation 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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