Packing or wrapping machinery nes842240 (Harmonized System 1992 for 6-digit)
2020 World Trade: $9.14B, Rnk 322 / 4613
2020 Top Exporter | Top Importer: $2.59B | $1.56B, Italy | United States
2020 Product Complexity: 0.81, Rnk 1077 / 4783
2019 - 2020 Export Growth (CAGR): -0.69%, Rnk 1282 / 4613
2018 Mean Tariff: 4.3%, Rnk 4779 / 6538
2020 Share of World Trade: 0.055%, Rnk 322 / 4613
Overview This page contains the latest trade data of Packing or wrapping machinery nes. In 2020, Packing or wrapping machinery nes were the world's 322nd most traded product, with a total trade of $9.14B. Between 2019 and 2020 the exports of Packing or wrapping machinery nes decreased by -0.69%, from $9.2B to $9.14B. Trade in Packing or wrapping machinery nes represent 0.055% of total world trade.
Packing or wrapping machinery nes are a part of Washing and Bottling Machines.
Exports In 2020 the top exporters of Packing or wrapping machinery nes were Italy ($2.59B), Germany ($1.99B), China ($592M), Switzerland ($401M), and Netherlands ($401M).
Imports In 2020 the top importers of Packing or wrapping machinery nes were United States ($1.56B), China ($552M), Germany ($432M), France ($369M), and Russia ($329M).
Tariffs In 2018 the average tariff for Packing or wrapping machinery nes was 4.3%, making it the 4779th lowest tariff using the HS6 product classification.
Ranking Packing or wrapping machinery nes ranks 1077th in the Product Complexity Index (PCI).
Description Packing or wrapping machinery is used for the packaging of products, which is an essential part of the manufacturing process. This equipment is used for a variety of reasons, such as to protect the product from damage, to keep the product clean, to allow the product to be stacked efficiently, or to make the packaging easier to transport.
The following visualization shows the latest trends on Packing or wrapping machinery 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Italy, $2.59B
Top Destination (2020): United States, $1.56B
Packing or wrapping machinery nes are the world's 322nd most traded product.
In 2020, the top exporters of Packing or wrapping machinery nes were Italy ($2.59B), Germany ($1.99B), China ($592M), Switzerland ($401M), and Netherlands ($401M).
In 2020, the top importers of Packing or wrapping machinery nes were United States ($1.56B), China ($552M), Germany ($432M), France ($369M), and Russia ($329M).
Trade by country
Top Origin Growth (2019 - 2020): Switzerland, $71.6M
Top Destination Growth (2019 - 2020): United States, $187M
Between 2019 and 2020, the exports of Packing or wrapping machinery nes grew the fastest in Switzerland ($71.6M), France ($50.9M), Malaysia ($43.9M), Japan ($32M), and Saudi Arabia ($19.1M).
Between 2019 and 2020, the fastest growing importers of Packing or wrapping machinery nes were United States ($187M), Mexico ($76.9M), Netherlands ($60.7M), China ($54.9M), and Belgium ($28.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Packing or wrapping machinery nes.
In 2020, market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Packing or wrapping machinery nes are explained by 14 countries.
TOP NET EXPORTER (2020): Italy, $2.44B
TOP NET IMPORTER (2020): United States, $1.36B
This map shows which countries export or import more of Packing or wrapping machinery nes. Each country is colored based on the difference in exports and imports of Packing or wrapping machinery nes during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Packing or wrapping machinery nes were Italy ($2.44B), Germany ($1.56B), Japan ($279M), Switzerland ($263M), and Netherlands ($193M).
In 2020, the countries that had a largest trade value in imports than in exports of Packing or wrapping machinery nes were United States ($1.36B), Russia ($312M), Mexico ($260M), Poland ($243M), and Indonesia ($175M).
This visualization shows the countries that have an important ratio of their trade related to Packing or wrapping machinery nes. It is possible to select the main countries that export or import Packing or wrapping machinery nes 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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