Overview This page contains the latest trade data of Machines. In 2020, Machines were the world's 1st most traded product, with a total trade of $4.61T. Between 2019 and 2020 the exports of Machines decreased by -1.46%, from $4.68T to $4.61T. Trade in Machines represent 27.5% of total world trade.
Machines include Integrated Circuits, Computers, Broadcasting Equipment, Office Machine Parts, Telephones, Gas Turbines, Insulated Wire, Machinery Having Individual Functions, Semiconductor Devices, and Low-voltage Protection Equipment, among others.
Exports In 2020 the top exporters of Machines were China ($1.26T), Germany ($376B), United States ($333B), Chinese Taipei ($243B), and South Korea ($236B).
Imports In 2020 the top importers of Machines were United States ($691B), China ($402B), Hong Kong ($374B), Germany ($292B), and Mexico ($154B).
Tariffs In 2018 the average tariff for Machines was 5.89%, making it the 19th lowest tariff using the Section product classification.
Ranking Machines ranks 1st in the Product Complexity Index (PCI).