Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof84 (Harmonized System 1992 for 2-digit)
2020 World Trade: $2.04T, Rnk 2 / 96
2020 Top Exporter | Top Importer: $472B | $357B, China | United States
2020 Product Complexity: 1.82, Rnk 3 / 96
2019 - 2020 Export Growth (CAGR): -6.34%, Rnk 49 / 96
2018 Mean Tariff: 4.94%, Rnk 80 / 96
2020 Share of World Trade: 12.2%, Rnk 2 / 96
Overview This page contains the latest trade data of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. In 2020, Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were the world's 2nd most traded product, with a total trade of $2.04T. Between 2019 and 2020 the exports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof decreased by -6.34%, from $2.17T to $2.04T. Trade in Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof represent 12.2% of total world trade.
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof are a part of Machines. They include Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
Exports In 2020 the top exporters of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were China ($472B), Germany ($232B), United States ($181B), Japan ($114B), and Italy ($90.2B).
Imports In 2020 the top importers of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were United States ($357B), Germany ($145B), China ($132B), France ($69.1B), and Hong Kong ($68.1B).
Tariffs In 2018 the average tariff for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof was 4.94%, making it the 80th lowest tariff using the HS2 product classification.
The countries with the highest import tariffs for Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof are Bahamas (33.7%), Bermuda (24.2%), Cayman Islands (21.7%), and Maldives (21.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof ranks 3rd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. 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
Top Origin (2020): China, $472B
Top Destination (2020): United States, $357B
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof are the world's 2nd most traded product.
In 2020, the top exporters of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were China ($472B), Germany ($232B), United States ($181B), Japan ($114B), and Italy ($90.2B).
In 2020, the top importers of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were United States ($357B), Germany ($145B), China ($132B), France ($69.1B), and Hong Kong ($68.1B).
Trade by country
Between 2019 and 2020, the exports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof grew the fastest in China ($6.24B), Vietnam ($5.42B), Chinese Taipei ($3.01B), Hong Kong ($1.47B), and Saudi Arabia ($1.01B).
Between 2019 and 2020, the fastest growing importers of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were Turkey ($2.76B), Hong Kong ($2.72B), Chinese Taipei ($1.7B), Ireland ($850M), and South Korea ($555M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
In 2020, market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof are explained by 21 countries.
TOP NET EXPORTER (2020): China, $340B
TOP NET IMPORTER (2020): United States, $175B
This map shows which countries export or import more of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. Each country is colored based on the difference in exports and imports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were China ($340B), Germany ($86.8B), Japan ($52.1B), Italy ($47.6B), and South Korea ($25.3B).
In 2020, the countries that had a largest trade value in imports than in exports of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof were United States ($175B), Hong Kong ($51.4B), Russia ($33.3B), Canada ($28.8B), and Australia ($26.2B).
In 2020, the world most traded Nuclear reactors, boilers, machinery and mechanical..., disaggragated by their HS6 level were Nuclear reactors, boilers, machinery and mechanical... ($2.04T)
This visualization shows the countries that have an important ratio of their trade related to Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. It is possible to select the main countries that export or import Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 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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