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842390 (Harmonized System 1992 for 6-digit)

2023
World Trade $987MRnk 2131 / 4644
2023
Top Exporter | Top Importer $261M | $139MChina | United States
2023
Product Complexity 0.66Rnk 1355 / 4656
2022 - 2023
Export Growth (CAGR) -4.99%Rnk 2101 / 4644
2023
Share of World Trade 0.0044%Rnk 2131 / 4644

About

Overview This page contains the latest trade data of Weighing machine parts and weights of all kinds. In 2023, Weighing machine parts and weights of all kinds were the world's 2131st most traded product, with a total trade of $987M. Between 2022 and 2023 the exports of Weighing machine parts and weights of all kinds decreased by -4.99%, from $1.04B to $987M. Trade in Weighing machine parts and weights of all kinds represent 0.0044% of total world trade.

Weighing machine parts and weights of all kinds are a part of Scales.

Exports In 2023 the top exporters of Weighing machine parts and weights of all kinds  were China ($261M), Germany ($143M), Japan ($68.6M), United States ($55.2M), and United Kingdom ($46.3M).

Imports In 2023 the top importers of Weighing machine parts and weights of all kinds were United States ($139M), Netherlands ($64.1M), Germany ($58.5M), Italy ($41.6M), and United Kingdom ($41.3M).

Ranking Weighing machine parts and weights of all kinds ranks 1355th in the Product Complexity Index (PCI).

Description Scales are used to measure the weight of an object or packages of goods. They are also used in the medical profession for measuring patients' weight to assess their health. Mining scales are used in the mining industry to determine the weight of the minerals being mined.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Weighing machine parts and weights of all kinds. 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)China$261M
Top Destination (2023)United States$139M

In 2023 Weighing machine parts and weights of all kinds were the world's 2131st most traded product (out of 4,644).

In 2023, the top exporters of Weighing machine parts and weights of all kinds were China ($261M), Germany ($143M), Japan ($68.6M), United States ($55.2M), and United Kingdom ($46.3M).

In 2023, the top importers of Weighing machine parts and weights of all kinds were United States ($139M), Netherlands ($64.1M), Germany ($58.5M), Italy ($41.6M), and United Kingdom ($41.3M).

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Exporters of Weighing machine parts and weights of all kinds (2023)
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Importers of Weighing machine parts and weights of all kinds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$13.1M
Top Destination Growth (2022 -  2023)India$5.26M

Between 2022 and 2023, the exports of Weighing machine parts and weights of all kinds grew the fastest in Germany ($13.1M), India ($7.73M), Hong Kong ($3.23M), Mexico ($3.07M), and Australia ($2.05M).

Between 2022 and 2023, the fastest growing importers of Weighing machine parts and weights of all kinds were India ($5.26M), Serbia ($4.77M), Portugal ($4.31M), Russia ($3.21M), and Democratic Republic of the Congo ($3.04M).

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Exporters of Weighing machine parts and weights of all kinds (2022 - 2023)

Importers of Weighing machine parts and weights of all kinds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Weighing machine parts and weights of all kinds.

In 2023, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Weighing machine parts and weights of all kinds are explained by 18 countries.

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Value of Exports in Weighing machine parts and weights of all kinds

Net Trade

TOP NET EXPORTER (2023)China$232M
TOP NET IMPORTER (2023)United States$83.6M

This map shows which countries export or import more of Weighing machine parts and weights of all kinds. Each country is colored based on the difference in exports and imports of Weighing machine parts and weights of all kinds during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Weighing machine parts and weights of all kinds were China ($232M), Germany ($84.5M), Japan ($37.2M), Singapore ($16.8M), and Sri Lanka ($15.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Weighing machine parts and weights of all kinds were United States ($83.6M), Indonesia ($35.8M), Netherlands ($27.7M), Canada ($25.4M), and Australia ($20.9M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Weighing machine parts and weights of all kinds.
It is possible to select the main countries that export or import Weighing machine parts and weights of all kinds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Weighing machine parts and weights of all kinds 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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