Office Machine Parts8473 (Harmonized System 1992 for 4-digit)
2021 World Trade: $282B, Rnk 12 / 1217
2021 Top Exporter | Top Importer: $101B | $55.1B, China | United States
2021 Product Complexity: 1.24, Rnk 102 / 1024
2020 - 2021 Export Growth (CAGR): 17.8%, Rnk 750 / 1217
2018 Mean Tariff: 3.96%, Rnk 1016 / 1259
2021 Share of World Trade: 0.013%, Rnk 12 / 1217
Overview This page contains the latest trade data of Office Machine Parts. In 2021, Office Machine Parts were the world's 12th most traded product, with a total trade of $282B. Between 2020 and 2021 the exports of Office Machine Parts grew by 17.8%, from $239B to $282B. Trade in Office Machine Parts represent 0.013% of total world trade.
Office Machine Parts are a part of Machinery, mechanical appliances, & parts. 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 2021 the top exporters of Office Machine Parts were China ($101B), Chinese Taipei ($22.1B), United States ($20.5B), Thailand ($20.3B), and South Korea ($18B).
Imports In 2021 the top importers of Office Machine Parts were United States ($55.1B), Hong Kong ($38.4B), Mexico ($19.1B), China ($18.4B), and Germany ($16.1B).
Tariffs In 2018 the average tariff for Office Machine Parts was 3.96%, making it the 1016th lowest tariff using the HS4 product classification.
Ranking Office Machine Parts ranks 102nd 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.
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.
Trade By Country
Top Origin (2021): China, $101B
Top Destination (2021): United States, $55.1B
Office Machine Parts are the world's 12th most traded product.
In 2021, the top exporters of Office Machine Parts were China ($101B), Chinese Taipei ($22.1B), United States ($20.5B), Thailand ($20.3B), and South Korea ($18B).
In 2021, the top importers of Office Machine Parts were United States ($55.1B), Hong Kong ($38.4B), Mexico ($19.1B), China ($18.4B), and Germany ($16.1B).
Trade by country
Top Origin Growth (2020 - 2021): China, $14.3B
Top Destination Growth (2020 - 2021): United States, $12.4B
Between 2020 and 2021, the exports of Office Machine Parts grew the fastest in China ($14.3B), Chinese Taipei ($6.07B), Vietnam ($4.04B), United States ($3.52B), and Thailand ($3.12B).
Between 2020 and 2021, the fastest growing importers of Office Machine Parts were United States ($12.4B), Hong Kong ($7.72B), Mexico ($4.01B), Netherlands ($2.45B), and Germany ($1.77B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Office Machine Parts.
In 2021, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Office Machine Parts are explained by 12 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Office Machine Parts were China ($83.1B), Thailand ($16.7B), Chinese Taipei ($15.3B), South Korea ($11.9B), and Vietnam ($9.35B).
In 2021, the countries that had a largest trade value in imports than in exports of Office Machine Parts were Hong Kong ($35B), United States ($34.6B), Mexico ($14B), Germany ($4.11B), and Canada ($4.08B).
In 2021, the world most traded Office Machine Parts, disaggragated by their HS6 level were Parts and accessories of data processing... ($278B), Parts and accessories of office machines,... ($2.3B), Parts and accessories of accounting machines,... ($1.44B), Parts and accessories of electronic calculators ($378M), and Parts and accessories of typewriters, word... ($275k)
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.
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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