HS Icon Machinery, mechanical appliances, & parts

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

84 (Harmonized System 1992 for 2-digit)

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).

View
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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

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).

Explore Visualizations

Market Dynamics

#permalink to section

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).

Explore Visualizations

Market Concentration

#permalink to section

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.

Explore Visualizations

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).

Disaggregation

#permalink to section
Value
Disaggregation

In 2021, the world most traded Machinery, mechanical appliances, & parts, disaggragated by their HS6 level were Machinery, mechanical appliances, & parts ($2.4T)

Country Comparison

#permalink to section
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.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.