HS Icon Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.

8487 (Harmonized System 2007 for 4-digit)

Overview This page contains the latest trade data of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.. In 2021, Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were the world's 428th most traded product, with a total trade of $7.53B. Between 2020 and 2021 the exports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. grew by 14.8%, from $6.56B to $7.53B. Trade in Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. represent 0.00035% of total world trade.

Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical... and Ships' or boats' propellers and blades therefor.

Exports In 2021 the top exporters of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.  were Germany ($1.51B), China ($1.05B), Japan ($637M), United States ($616M), and Chinese Taipei ($458M).

Imports In 2021 the top importers of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were United States ($763M), China ($715M), Germany ($697M), France ($277M), and South Korea ($270M).

Tariffs In 2018 the average tariff for Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. was 5.22%, making it the 796th lowest tariff using the HS4 product classification.

Ranking Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. ranks 145th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.. 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

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $1.51B

Top Destination (2021): United States, $763M

Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. are the world's 428th most traded product.

In 2021, the top exporters of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were Germany ($1.51B), China ($1.05B), Japan ($637M), United States ($616M), and Chinese Taipei ($458M).

In 2021, the top importers of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were United States ($763M), China ($715M), Germany ($697M), France ($277M), and South Korea ($270M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Germany, $175M

Top Destination Growth (2020 -  2021): Germany, $133M

Between 2020 and 2021, the exports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. grew the fastest in Germany ($175M), Chinese Taipei ($132M), United States ($79M), France ($70M), and Japan ($66.3M).

Between 2020 and 2021, the fastest growing importers of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were Germany ($133M), United States ($122M), China ($72.3M), Italy ($62.1M), and South Korea ($54.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter..

In 2021, market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. are explained by 20 countries.

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TOP NET EXPORTER (2021): Germany, $817M

TOP NET IMPORTER (2021): Liberia, $245M

This map shows which countries export or import more of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter.. Each country is colored based on the difference in exports and imports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were Germany ($817M), Japan ($436M), Chinese Taipei ($396M), China ($334M), and Italy ($133M).

In 2021, the countries that had a largest trade value in imports than in exports of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. were Liberia ($245M), Marshall Islands ($176M), United States ($147M), South Korea ($109M), and Singapore ($97.3M).

Disaggregation

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Value

In 2021, the world most traded Machinery parts, not containing electrical connectors,..., disaggragated by their HS6 level were Machinery parts: not containing electrical connectors,... ($6.74B) and Ships' or boats' propellers and blades... ($782M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter..
It is possible to select the main countries that export or import Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, not specified or included elsewhere in this Chapter. to countries. Higher relatedness values ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.