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Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

84 (Harmonized System 1992 for 2-digit)

2021
World Trade $2.4TRnk 3 / 96
2021
Top Exporter | Top Importer $594B | $423BChina | United States
2021
Product Complexity 1.8Rnk 3 / 96
2020 - 2021
Export Growth (CAGR) 17.2%Rnk 66 / 96
2018
Mean Tariff 4.94%Rnk 80 / 96
2021
Share of World Trade 11.4%Rnk 3 / 96

About

Overview This page contains the latest trade data of Machinery, mechanical appliances, & parts. In 2021, Machinery, mechanical appliances, & parts were the world's 3rd most traded product, with a total trade of $2.4T. Between 2020 and 2021 the exports of Machinery, mechanical appliances, & parts grew by 17.2%, from $2.05T to $2.4T. Trade in Machinery, mechanical appliances, & parts represent 11.4% of total world trade.

Machinery, mechanical appliances, & parts are a part of Machines. They include Computers, Office Machine Parts, Gas Turbines, Machinery Having Individual Functions, Valves, Air Pumps, Industrial Printers, Engine Parts, Excavation Machinery, and Liquid Pumps, among others.

Exports In 2021 the top exporters of Machinery, mechanical appliances, & parts  were China ($594B), Germany ($263B), United States ($201B), Japan ($134B), and Italy ($108B).

Imports In 2021 the top importers of Machinery, mechanical appliances, & parts were United States ($423B), Germany ($168B), China ($151B), France ($82.8B), and Netherlands ($82.6B).

Tariffs In 2018 the average tariff for Machinery, mechanical appliances, & parts was 4.94%, making it the 80th lowest tariff using the HS2 product classification.

Ranking Machinery, mechanical appliances, & parts ranks 3rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Machinery, mechanical appliances, & parts. 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.

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Historical Data

Exporters and Importers

Trade By Country

Top Origin (2021)China$594B
Top Destination (2021)United States$423B

In 2021 Machinery, mechanical appliances, & parts were the world's 3rd most traded product (out of 96).

In 2021, the top exporters of Machinery, mechanical appliances, & parts were China ($594B), Germany ($263B), United States ($201B), Japan ($134B), and Italy ($108B).

In 2021, the top importers of Machinery, mechanical appliances, & parts were United States ($423B), Germany ($168B), China ($151B), France ($82.8B), and Netherlands ($82.6B).

Explore Visualizations

Exporters of Machinery, mechanical appliances, & parts (2021)
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Importers of Machinery, mechanical appliances, & parts (2021)
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Market Dynamics

Trade by country

Color
Top Origin Growth (2020 -  2021)China$116B
Top Destination Growth (2020 -  2021)United States$66B

Between 2020 and 2021, the exports of Machinery, mechanical appliances, & parts grew the fastest in China ($116B), Germany ($30.8B), United States ($20.4B), Japan ($20.3B), and Italy ($16.8B).

Between 2020 and 2021, the fastest growing importers of Machinery, mechanical appliances, & parts were United States ($66B), Germany ($23.4B), China ($18.2B), Netherlands ($16.4B), and India ($13.2B).

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Exporters of Machinery, mechanical appliances, & parts (2020 - 2021)

Importers of Machinery, mechanical appliances, & parts (2020 - 2021)

Market Concentration

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Machinery, mechanical appliances, & parts.

In 2021, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Machinery, mechanical appliances, & parts are explained by 21 countries.

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Value of Exports in Machinery, mechanical appliances, & parts

Net Trade

TOP NET EXPORTER (2021)China$442B
TOP NET IMPORTER (2021)United States$222B

This map shows which countries export or import more of Machinery, mechanical appliances, & parts. Each country is colored based on the difference in exports and imports of Machinery, mechanical appliances, & parts during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Machinery, mechanical appliances, & parts were China ($442B), Germany ($94.7B), Japan ($70.2B), Italy ($53.4B), and South Korea ($27.6B).

In 2021, the countries that had a largest trade value in imports than in exports of Machinery, mechanical appliances, & parts were United States ($222B), Hong Kong ($60.6B), Russia ($40.5B), Canada ($32.9B), and Australia ($31.9B).

Net Trade (2021)

Disaggregation

Value
Disaggregation

In 2021, the world most traded Machinery, mechanical appliances, & parts, disaggragated by their HS6 level were Computers ($352B), Office Machine Parts ($282B), Machinery Having Individual Functions ($145B), Gas Turbines ($132B), and Valves ($102B)

HS6 Disaggregation for Machinery, mechanical appliances, & parts (2021)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Machinery, mechanical appliances, & parts 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 (2021)

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