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902480 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.34BRnk 1801 / 4644
2023
Top Exporter | Top Importer $387M | $273MUnited States | China
2023
Product Complexity 1.83Rnk 41 / 4656
2022 - 2023
Export Growth (CAGR) 9.1%Rnk 736 / 4644
2023
Share of World Trade 0.0059%Rnk 1801 / 4644

About

Overview This page contains the latest trade data of Machines for testing mechanical properties nes. In 2023, Machines for testing mechanical properties nes were the world's 1801st most traded product, with a total trade of $1.34B. Between 2022 and 2023 the exports of Machines for testing mechanical properties nes grew by 9.1%, from $1.23B to $1.34B. Trade in Machines for testing mechanical properties nes represent 0.0059% of total world trade.

Machines for testing mechanical properties nes are a part of Tensile Testing Machines.

Exports In 2023 the top exporters of Machines for testing mechanical properties nes  were United States ($387M), Germany ($249M), United Kingdom ($132M), China ($108M), and Italy ($87.3M).

Imports In 2023 the top importers of Machines for testing mechanical properties nes were China ($273M), United States ($115M), India ($69.3M), South Korea ($55.1M), and Germany ($50M).

Ranking Machines for testing mechanical properties nes ranks 41st in the Product Complexity Index (PCI).

Description Mechanical properties of materials are often tested with machines such as a tensile machine, compression machine, and a universal testing machine. A tensile machine tests the properties of materials by stretching them. Compression machines use pressure to test the tensile strength of materials. A universal testing machine measures the hardness of a material by the depth of the mark it leaves.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machines for testing mechanical properties 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)United States$387M
Top Destination (2023)China$273M

In 2023 Machines for testing mechanical properties nes were the world's 1801st most traded product (out of 4,644).

In 2023, the top exporters of Machines for testing mechanical properties nes were United States ($387M), Germany ($249M), United Kingdom ($132M), China ($108M), and Italy ($87.3M).

In 2023, the top importers of Machines for testing mechanical properties nes were China ($273M), United States ($115M), India ($69.3M), South Korea ($55.1M), and Germany ($50M).

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Exporters of Machines for testing mechanical properties nes (2023)
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Importers of Machines for testing mechanical properties nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$52M
Top Destination Growth (2022 -  2023)China$29.5M

Between 2022 and 2023, the exports of Machines for testing mechanical properties nes grew the fastest in United States ($52M), Germany ($38.5M), United Kingdom ($19.8M), China ($10.8M), and Switzerland ($9.01M).

Between 2022 and 2023, the fastest growing importers of Machines for testing mechanical properties nes were China ($29.5M), United States ($15.4M), Sweden ($8.83M), France ($7.95M), and Japan ($6.71M).

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Exporters of Machines for testing mechanical properties nes (2022 - 2023)

Importers of Machines for testing mechanical properties nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machines for testing mechanical properties nes.

In 2023, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Machines for testing mechanical properties nes are explained by 12 countries.

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Value of Exports in Machines for testing mechanical properties nes

Net Trade

TOP NET EXPORTER (2023)United States$272M
TOP NET IMPORTER (2023)China$165M

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

In 2023, the countries that had a largest trade value in exports than in imports of Machines for testing mechanical properties nes were United States ($272M), Germany ($199M), United Kingdom ($92.3M), Italy ($61.3M), and Switzerland ($42.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Machines for testing mechanical properties nes were China ($165M), India ($52.2M), South Korea ($48.7M), Mexico ($35.2M), and Vietnam ($32.3M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Machines for testing mechanical properties 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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