Machines and mechanical appliances nes847989 (Harmonized System 1992 for 6-digit)
2020 World Trade: $67.5B, Rnk 26 / 4613
2020 Top Exporter | Top Importer: $12.1B | $17.3B, Japan | China
2020 Product Complexity: 2.04, Rnk 75 / 4783
2019 - 2020 Export Growth (CAGR): -3.43%, Rnk 1618 / 4613
2018 Mean Tariff: 4.02%, Rnk 5051 / 6538
2020 Share of World Trade: 0.4%, Rnk 26 / 4613
Overview This page contains the latest trade data of Machines and mechanical appliances nes. In 2020, Machines and mechanical appliances nes were the world's 26th most traded product, with a total trade of $67.5B. Between 2019 and 2020 the exports of Machines and mechanical appliances nes decreased by -3.43%, from $69.9B to $67.5B. Trade in Machines and mechanical appliances nes represent 0.4% of total world trade.
Machines and mechanical appliances nes are a part of Machinery Having Individual Functions.
Exports In 2020 the top exporters of Machines and mechanical appliances nes were Japan ($12.1B), Germany ($10.4B), South Korea ($7.63B), China ($7.54B), and United States ($4.51B).
Imports In 2020 the top importers of Machines and mechanical appliances nes were China ($17.3B), United States ($7.11B), Germany ($3.26B), South Korea ($3.22B), and Chinese Taipei ($2.4B).
Tariffs In 2018 the average tariff for Machines and mechanical appliances nes was 4.02%, making it the 5051st lowest tariff using the HS6 product classification.
Ranking Machines and mechanical appliances nes ranks 75th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Machines and mechanical appliances nes are the world's 26th most traded product.
In 2020, the top exporters of Machines and mechanical appliances nes were Japan ($12.1B), Germany ($10.4B), South Korea ($7.63B), China ($7.54B), and United States ($4.51B).
In 2020, the top importers of Machines and mechanical appliances nes were China ($17.3B), United States ($7.11B), Germany ($3.26B), South Korea ($3.22B), and Chinese Taipei ($2.4B).
Trade by country
Top Origin Growth (2019 - 2020): China, $942M
Top Destination Growth (2019 - 2020): South Korea, $671M
Between 2019 and 2020, the exports of Machines and mechanical appliances nes grew the fastest in China ($942M), Singapore ($841M), Malaysia ($179M), Mexico ($160M), and Switzerland ($122M).
Between 2019 and 2020, the fastest growing importers of Machines and mechanical appliances nes were South Korea ($671M), Singapore ($227M), Turkey ($144M), Saudi Arabia ($85.5M), and United Arab Emirates ($84.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Machines and mechanical appliances nes.
In 2020, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Machines and mechanical appliances nes are explained by 17 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Machines and mechanical appliances nes were Japan ($10.7B), Germany ($7.14B), South Korea ($4.41B), Singapore ($2.22B), and Italy ($1.72B).
In 2020, the countries that had a largest trade value in imports than in exports of Machines and mechanical appliances nes were China ($9.73B), United States ($2.6B), Vietnam ($1.54B), Hong Kong ($1.12B), and Russia ($1.03B).
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.
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.
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