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843820 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.24BRnk 1870 / 4644
2023
Top Exporter | Top Importer $348M | $259MGermany | United States
2023
Product Complexity 0.48Rnk 1704 / 4656
2022 - 2023
Export Growth (CAGR) 31%Rnk 148 / 4644
2023
Share of World Trade 0.0055%Rnk 1870 / 4644

About

Overview This page contains the latest trade data of Machines, confectionery, cocoa, chocolate manufacture. In 2023, Machines, confectionery, cocoa, chocolate manufacture were the world's 1870th most traded product, with a total trade of $1.24B. Between 2022 and 2023 the exports of Machines, confectionery, cocoa, chocolate manufacture grew by 31%, from $950M to $1.24B. Trade in Machines, confectionery, cocoa, chocolate manufacture represent 0.0055% of total world trade.

Machines, confectionery, cocoa, chocolate manufacture are a part of Industrial Food Preperation Machinery.

Exports In 2023 the top exporters of Machines, confectionery, cocoa, chocolate manufacture  were Germany ($348M), Italy ($196M), Netherlands ($181M), China ($88.1M), and Turkey ($85.5M).

Imports In 2023 the top importers of Machines, confectionery, cocoa, chocolate manufacture were United States ($259M), India ($79M), Russia ($50.6M), United Kingdom ($43.4M), and Mexico ($42.6M).

Ranking Machines, confectionery, cocoa, chocolate manufacture ranks 1704th in the Product Complexity Index (PCI).

Description Machines are used to make candy, confections, and chocolates. Machines can be used to extrude, squeeze, or press ingredients together. The confections can be flavored, coated, or dipped. Machines can also be used to cut, fill, or seal chocolates.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machines, confectionery, cocoa, chocolate manufacture. 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)Germany$348M
Top Destination (2023)United States$259M

In 2023 Machines, confectionery, cocoa, chocolate manufacture were the world's 1870th most traded product (out of 4,644).

In 2023, the top exporters of Machines, confectionery, cocoa, chocolate manufacture were Germany ($348M), Italy ($196M), Netherlands ($181M), China ($88.1M), and Turkey ($85.5M).

In 2023, the top importers of Machines, confectionery, cocoa, chocolate manufacture were United States ($259M), India ($79M), Russia ($50.6M), United Kingdom ($43.4M), and Mexico ($42.6M).

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Exporters of Machines, confectionery, cocoa, chocolate manufacture (2023)
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Importers of Machines, confectionery, cocoa, chocolate manufacture (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$106M
Top Destination Growth (2022 -  2023)United States$86.5M

Between 2022 and 2023, the exports of Machines, confectionery, cocoa, chocolate manufacture grew the fastest in Germany ($106M), Netherlands ($78.7M), Italy ($59.9M), Switzerland ($28.4M), and Turkey ($22M).

Between 2022 and 2023, the fastest growing importers of Machines, confectionery, cocoa, chocolate manufacture were United States ($86.5M), India ($50.9M), Cote d'Ivoire ($28.2M), Latvia ($25M), and Russia ($16.4M).

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Exporters of Machines, confectionery, cocoa, chocolate manufacture (2022 - 2023)

Importers of Machines, confectionery, cocoa, chocolate manufacture (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machines, confectionery, cocoa, chocolate manufacture.

In 2023, market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Machines, confectionery, cocoa, chocolate manufacture are explained by 11 countries.

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Value of Exports in Machines, confectionery, cocoa, chocolate manufacture

Net Trade

TOP NET EXPORTER (2023)Germany$320M
TOP NET IMPORTER (2023)United States$240M

This map shows which countries export or import more of Machines, confectionery, cocoa, chocolate manufacture. Each country is colored based on the difference in exports and imports of Machines, confectionery, cocoa, chocolate manufacture during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machines, confectionery, cocoa, chocolate manufacture were Germany ($320M), Italy ($172M), Netherlands ($156M), China ($73.4M), and Denmark ($62.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Machines, confectionery, cocoa, chocolate manufacture were United States ($240M), India ($73.5M), Russia ($49.6M), Mexico ($42.4M), and Canada ($34.8M).

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, confectionery, cocoa, chocolate manufacture.
It is possible to select the main countries that export or import Machines, confectionery, cocoa, chocolate manufacture in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machines, confectionery, cocoa, chocolate manufacture 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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