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Machines and mechanical appliances nes

847989 (Harmonized System 1992 for 6-digit)

2023
World Trade $148BRnk 14 / 4644
2023
Top Exporter | Top Importer $27.5B | $40.9BJapan | China
2023
Product Complexity 1.93Rnk 26 / 4656
2022 - 2023
Export Growth (CAGR) 11.8%Rnk 573 / 4644
2023
Share of World Trade 0.65%Rnk 14 / 4644

About

Overview This page contains the latest trade data of Machines and mechanical appliances nes. In 2023, Machines and mechanical appliances nes were the world's 14th most traded product, with a total trade of $148B. Between 2022 and 2023 the exports of Machines and mechanical appliances nes grew by 11.8%, from $132B to $148B. Trade in Machines and mechanical appliances nes represent 0.65% of total world trade.

Machines and mechanical appliances nes are a part of Machinery Having Individual Functions.

Exports In 2023 the top exporters of Machines and mechanical appliances nes  were Japan ($27.5B), Netherlands ($19.8B), United States ($16.7B), Singapore ($15.7B), and China ($13.9B).

Imports In 2023 the top importers of Machines and mechanical appliances nes were China ($40.9B), South Korea ($15.7B), United States ($15.1B), Chinese Taipei ($13.8B), and Germany ($5.27B).

Ranking Machines and mechanical appliances nes ranks 26th in the Product Complexity Index (PCI).

Description Machines and mechanical appliances are tools that help with everyday tasks. The most common machines are washing machines, dishwashers, ovens, and vacuum cleaners. These machines make everyday tasks easier and faster.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machines and mechanical appliances nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Japan$27.5B
Top Destination (2023)China$40.9B

In 2023 Machines and mechanical appliances nes were the world's 14th most traded product (out of 4,644).

In 2023, the top exporters of Machines and mechanical appliances nes were Japan ($27.5B), Netherlands ($19.8B), United States ($16.7B), Singapore ($15.7B), and China ($13.9B).

In 2023, the top importers of Machines and mechanical appliances nes were China ($40.9B), South Korea ($15.7B), United States ($15.1B), Chinese Taipei ($13.8B), and Germany ($5.27B).

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Exporters of Machines and mechanical appliances nes (2023)
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Importers of Machines and mechanical appliances nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$9.15B
Top Destination Growth (2022 -  2023)Chinese Taipei$9.18B

Between 2022 and 2023, the exports of Machines and mechanical appliances nes grew the fastest in Netherlands ($9.15B), Singapore ($4.77B), China ($1.82B), Germany ($1.76B), and Austria ($654M).

Between 2022 and 2023, the fastest growing importers of Machines and mechanical appliances nes were Chinese Taipei ($9.18B), China ($5.64B), India ($1.06B), France ($732M), and United States ($420M).

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Exporters of Machines and mechanical appliances nes (2022 - 2023)

Importers of Machines and mechanical appliances nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machines and mechanical appliances nes.

In 2023, market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Machines and mechanical appliances nes are explained by 14 countries.

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Value of Exports in Machines and mechanical appliances nes

Net Trade

TOP NET EXPORTER (2023)Japan$23B
TOP NET IMPORTER (2023)China$27B

This map shows which countries export or import more of Machines and mechanical appliances nes. Each country is colored based on the difference in exports and imports of Machines and mechanical appliances nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machines and mechanical appliances nes were Japan ($23B), Netherlands ($18.2B), Singapore ($10.7B), Germany ($7.15B), and Malaysia ($2.82B).

In 2023, the countries that had a largest trade value in imports than in exports of Machines and mechanical appliances nes were China ($27B), Chinese Taipei ($9.2B), South Korea ($7.36B), Ireland ($2.69B), and India ($2.13B).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Machines and mechanical appliances nes 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 (2023)

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