HS Icon Office Machine Parts

8473 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Office Machine Parts. In 2020, Office Machine Parts were the world's 10th most traded product, with a total trade of $238B. Between 2019 and 2020 the exports of Office Machine Parts grew by 0.16%, from $237B to $238B. Trade in Office Machine Parts represent 1.42% of total world trade.

Office Machine Parts are a part of Machinery and appliances. They include Parts and accessories of data processing equipment ne, Parts and accessories of office machines, nes, Parts and accessories of accounting machines, nes, Parts and accessories of typewriters, word processors, and Parts and accessories of electronic calculators.

Exports In 2020 the top exporters of Office Machine Parts  were China ($86.8B), Thailand ($17.2B), United States ($17B), Chinese Taipei ($16.1B), and South Korea ($15.4B).

Imports In 2020 the top importers of Office Machine Parts were United States ($42.8B), Hong Kong ($30.7B), China ($16.5B), Mexico ($14.9B), and Germany ($14.3B).

Tariffs In 2018 the average tariff for Office Machine Parts was 3.96%, making it the 1016th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Office Machine Parts are Bermuda (25%), Cayman Islands (22%), Bahamas (20.8%), and Anguilla (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking Office Machine Parts ranks 110th in the Product Complexity Index (PCI).

Description Parts and accessories suitable for use solely or principally with machines of heading 8469 to 8472 are used in the production of other goods. They can be made from a variety of materials, including wood, plastic, metal, and glass.

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The following visualization shows the latest trends on Office Machine Parts. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $86.8B

Top Destination (2020): United States, $42.8B

Office Machine Parts are the world's 10th most traded product.

In 2020, the top exporters of Office Machine Parts were China ($86.8B), Thailand ($17.2B), United States ($17B), Chinese Taipei ($16.1B), and South Korea ($15.4B).

In 2020, the top importers of Office Machine Parts were United States ($42.8B), Hong Kong ($30.7B), China ($16.5B), Mexico ($14.9B), and Germany ($14.3B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Vietnam, $2.66B

Top Destination Growth (2019 - 2020): United States, $3.97B

Between 2019 and 2020, the exports of Office Machine Parts grew the fastest in Vietnam ($2.66B), Chinese Taipei ($2.26B), South Korea ($1.82B), Thailand ($722M), and Netherlands ($521M).

Between 2019 and 2020, the fastest growing importers of Office Machine Parts were United States ($3.97B), Czechia ($2.32B), Hong Kong ($1.39B), Poland ($1.06B), and Chinese Taipei ($693M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Office Machine Parts.

In 2020,  market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Office Machine Parts are explained by 12 countries.

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TOP NET EXPORTER (2020): China, $70.3B

TOP NET IMPORTER (2020): Hong Kong, $26.9B

This map shows which countries export or import more of Office Machine Parts. Each country is colored based on the difference in exports and imports of Office Machine Parts during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Office Machine Parts were China ($70.3B), Thailand ($13.8B), Chinese Taipei ($10.9B), South Korea ($9.21B), and Philippines ($6.87B).

In 2020, the countries that had a largest trade value in imports than in exports of Office Machine Parts were Hong Kong ($26.9B), United States ($25.8B), Mexico ($12.7B), Germany ($4.41B), and Japan ($3.34B).

Disaggregation

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Value

In 2020, the world most traded Office Machine Parts, disaggragated by their HS6 level were Parts and accessories of data processing... ($234B), Parts and accessories of office machines,... ($2.07B), Parts and accessories of accounting machines,... ($1.11B), Parts and accessories of electronic calculators ($306M), and Parts and accessories of typewriters, word... ($160k)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Office Machine Parts.
It is possible to select the main countries that export or import Office Machine Parts in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Office Machine Parts was 3.96%. The countries with the highest tariffs for importing Office Machine Parts were Bermuda (25%), Cayman Islands (22%), Bahamas (20.8%), and Anguilla (20%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Office Machine Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.