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843880 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.1BRnk 1093 / 4644
2023
Top Exporter | Top Importer $490M | $469MGermany | United States
2023
Product Complexity 0.32Rnk 2001 / 4656
2022 - 2023
Export Growth (CAGR) 3.62%Rnk 1176 / 4644
2023
Share of World Trade 0.014%Rnk 1093 / 4644

About

Overview This page contains the latest trade data of Industrial machinery nes for food, drink preparation. In 2023, Industrial machinery nes for food, drink preparation were the world's 1093rd most traded product, with a total trade of $3.1B. Between 2022 and 2023 the exports of Industrial machinery nes for food, drink preparation grew by 3.62%, from $2.99B to $3.1B. Trade in Industrial machinery nes for food, drink preparation represent 0.014% of total world trade.

Industrial machinery nes for food, drink preparation are a part of Industrial Food Preperation Machinery.

Exports In 2023 the top exporters of Industrial machinery nes for food, drink preparation  were Germany ($490M), Italy ($440M), China ($435M), United States ($197M), and Denmark ($197M).

Imports In 2023 the top importers of Industrial machinery nes for food, drink preparation were United States ($469M), Russia ($146M), China ($117M), United Kingdom ($103M), and India ($101M).

Ranking Industrial machinery nes for food, drink preparation ranks 2001st in the Product Complexity Index (PCI).

Description Industrial food and drink preparation machinery is used for a variety of purposes, including the following: mixing food and drink ingredients together; heating and cooling food and drink; filling and sealing cans to preserve food and drink; packing food and drink into containers; cutting and peeling food; extracting seeds, skin, rind, and other inedible parts of food; grinding food for use in sauces, soups, or other recipes, chopping food into small pieces, extracting juice from fruit.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial machinery nes for 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$490M
Top Destination (2023)United States$469M

In 2023 Industrial machinery nes for food, drink preparation were the world's 1093rd most traded product (out of 4,644).

In 2023, the top exporters of Industrial machinery nes for food, drink preparation were Germany ($490M), Italy ($440M), China ($435M), United States ($197M), and Denmark ($197M).

In 2023, the top importers of Industrial machinery nes for food, drink preparation were United States ($469M), Russia ($146M), China ($117M), United Kingdom ($103M), and India ($101M).

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Exporters of Industrial machinery nes for food, drink preparation (2023)
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Importers of Industrial machinery nes for food, drink preparation (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$57.2M
Top Destination Growth (2022 -  2023)India$42.3M

Between 2022 and 2023, the exports of Industrial machinery nes for food, drink preparation grew the fastest in Germany ($57.2M), Denmark ($49.1M), Italy ($42.4M), Poland ($14.4M), and Moldova ($11.3M).

Between 2022 and 2023, the fastest growing importers of Industrial machinery nes for food, drink preparation were India ($42.3M), United States ($36.3M), Russia ($36.3M), South Korea ($34.8M), and Kazakhstan ($17.7M).

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Exporters of Industrial machinery nes for food, drink preparation (2022 - 2023)

Importers of Industrial machinery nes for food, drink preparation (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial machinery nes for food, drink preparation.

In 2023, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Industrial machinery nes for food, drink preparation are explained by 20 countries.

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Value of Exports in Industrial machinery nes for food, drink preparation

Net Trade

TOP NET EXPORTER (2023)Germany$424M
TOP NET IMPORTER (2023)United States$272M

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

In 2023, the countries that had a largest trade value in exports than in imports of Industrial machinery nes for food, drink preparation were Germany ($424M), Italy ($387M), China ($318M), Denmark ($159M), and France ($87.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial machinery nes for food, drink preparation were United States ($272M), Russia ($142M), Canada ($66.4M), United Kingdom ($51.6M), and Indonesia ($47.3M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Industrial machinery nes for food, drink preparation.
It is possible to select the main countries that export or import Industrial machinery nes for food, drink preparation in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial machinery nes for 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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