Machinery, mechanical appliances, & partsNuclear reactors, boilers, machinery and mechanical appliances; parts thereof
84 (Harmonized System 1992 for 2-digit)
2021 World Trade: $2.4T, Rnk 3 / 96
2021 Top Exporter | Top Importer: $594B | $423B, China | United States
2021 Product Complexity: 1.8, Rnk 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
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 Machinery, mechanical appliances, & parts.
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).
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.
Trade By Country
Top Origin (2021): China, $594B
Top Destination (2021): United States, $423B
Machinery, mechanical appliances, & parts are the world's 3rd most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2021, the world most traded Machinery, mechanical appliances, & parts, disaggragated by their HS6 level were Machinery, mechanical appliances, & parts ($2.4T)
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.
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.
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