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847989 (Harmonized System 1992 for 6-digit)

2022
World Trade $141BRnk 15 / 4648
2022
Top Exporter | Top Importer $29.9B | $33.2BJapan | China
2022
Product Complexity 1.87Rnk 43 / 4653
2021 - 2022
Export Growth (CAGR) 77.3%Rnk 78 / 4648
2022
Share of World Trade 0.59%Rnk 15 / 4648

About

Overview This page contains the latest trade data of Machines and mechanical appliances nes. In 2022, Machines and mechanical appliances nes were the world's 15th most traded product, with a total trade of $141B. Between 2021 and 2022 the exports of Machines and mechanical appliances nes grew by 77.3%, from $79.4B to $141B. Trade in Machines and mechanical appliances nes represent 0.59% of total world trade.

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

Exports In 2022 the top exporters of Machines and mechanical appliances nes  were Japan ($29.9B), United States ($21.2B), Netherlands ($15.3B), Singapore ($12.3B), and Germany ($12.1B).

Imports In 2022 the top importers of Machines and mechanical appliances nes were China ($33.2B), South Korea ($17B), United States ($15.8B), Chinese Taipei ($14.9B), and Singapore ($6.44B).

Ranking Machines and mechanical appliances nes ranks 43rd 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 (2022)Japan$29.9B
Top Destination (2022)China$33.2B

In 2022 Machines and mechanical appliances nes were the world's 15th most traded product (out of 4,648).

In 2022, the top exporters of Machines and mechanical appliances nes were Japan ($29.9B), United States ($21.2B), Netherlands ($15.3B), Singapore ($12.3B), and Germany ($12.1B).

In 2022, the top importers of Machines and mechanical appliances nes were China ($33.2B), South Korea ($17B), United States ($15.8B), Chinese Taipei ($14.9B), and Singapore ($6.44B).

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Exporters of Machines and mechanical appliances nes (2022)
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Importers of Machines and mechanical appliances nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$16.5B
Top Destination Growth (2021 -  2022)South Korea$13.7B

Between 2021 and 2022, the exports of Machines and mechanical appliances nes grew the fastest in United States ($16.5B), Japan ($16.1B), Netherlands ($14B), Singapore ($6.7B), and South Korea ($1.94B).

Between 2021 and 2022, the fastest growing importers of Machines and mechanical appliances nes were South Korea ($13.7B), China ($13B), Chinese Taipei ($11.8B), United States ($6.99B), and Singapore ($4.11B).

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Exporters of Machines and mechanical appliances nes (2021 - 2022)

Importers of Machines and mechanical appliances nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.83. 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 (2022)Japan$25.6B
TOP NET IMPORTER (2022)China$21.4B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machines and mechanical appliances nes were Japan ($25.6B), Netherlands ($13.7B), Germany ($7.26B), Singapore ($5.86B), and United States ($5.4B).

In 2022, the countries that had a largest trade value in imports than in exports of Machines and mechanical appliances nes were China ($21.4B), Chinese Taipei ($12.3B), South Korea ($7.83B), Ireland ($3.08B), and Vietnam ($1.8B).

Net Trade (2022)

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 (2022)

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