Overview This page contains the latest trade data of Machinery Having Individual Functions. In 2020, Machinery Having Individual Functions were the world's 17th most traded product, with a total trade of $124B. Between 2019 and 2020 the exports of Machinery Having Individual Functions decreased by -1.01%, from $125B to $124B. Trade in Machinery Having Individual Functions represent 0.74% of total world trade.
Machinery Having Individual Functions are a part of Machinery, mechanical appliances, & parts. They include Machines and mechanical appliances nes, Parts of machines and mechanical appliances nes, Machines to mix, knead, crush, grind, etc, nes, Machines for public works, building etc, nes, Metal treating machines, electric wire coil-winders, Presses for particle, fibre board, etc manufacture, Rope or cable-making machines, and Machines to process animal or fixed veg fats or oils.
Exports In 2020 the top exporters of Machinery Having Individual Functions were Japan ($19.9B), Germany ($18B), United States ($13.4B), China ($12.6B), and South Korea ($11.4B).
Imports In 2020 the top importers of Machinery Having Individual Functions were China ($24.2B), United States ($14.6B), South Korea ($7.07B), Chinese Taipei ($6.91B), and Germany ($6.21B).
Tariffs In 2018 the average tariff for Machinery Having Individual Functions was 3.82%, making it the 1046th lowest tariff using the HS4 product classification.
Ranking Machinery Having Individual Functions ranks 10th in the Product Complexity Index (PCI).
Description Machines and mechanical appliances having individual functions are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, plastic, and wood.