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842381 (Harmonized System 1992 for 6-digit)

2023
World Trade $743MRnk 2441 / 4644
2023
Top Exporter | Top Importer $267M | $133MChina | United States
2023
Product Complexity 0.26Rnk 2089 / 4656
2022 - 2023
Export Growth (CAGR) -4.52%Rnk 2046 / 4644
2023
Share of World Trade 0.0033%Rnk 2441 / 4644

About

Overview This page contains the latest trade data of Weighing machinery having a capacity < 30 kg nes. In 2023, Weighing machinery having a capacity < 30 kg nes were the world's 2441st most traded product, with a total trade of $743M. Between 2022 and 2023 the exports of Weighing machinery having a capacity < 30 kg nes decreased by -4.52%, from $778M to $743M. Trade in Weighing machinery having a capacity < 30 kg nes represent 0.0033% of total world trade.

Weighing machinery having a capacity < 30 kg nes are a part of Scales.

Exports In 2023 the top exporters of Weighing machinery having a capacity < 30 kg nes  were China ($267M), Germany ($205M), Indonesia ($23.9M), Netherlands ($22.9M), and United Kingdom ($20.3M).

Imports In 2023 the top importers of Weighing machinery having a capacity < 30 kg nes were United States ($133M), Italy ($47.3M), Germany ($36.2M), Netherlands ($32.9M), and France ($31.9M).

Ranking Weighing machinery having a capacity < 30 kg nes ranks 2089th in the Product Complexity Index (PCI).

Description Weighing machinery with a capacity less than 30 kg is primarily used in laboratories for precision weighing and calibration of weights.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Weighing machinery having a capacity < 30 kg 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.

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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$267M
Top Destination (2023)United States$133M

In 2023 Weighing machinery having a capacity < 30 kg nes were the world's 2441st most traded product (out of 4,644).

In 2023, the top exporters of Weighing machinery having a capacity < 30 kg nes were China ($267M), Germany ($205M), Indonesia ($23.9M), Netherlands ($22.9M), and United Kingdom ($20.3M).

In 2023, the top importers of Weighing machinery having a capacity < 30 kg nes were United States ($133M), Italy ($47.3M), Germany ($36.2M), Netherlands ($32.9M), and France ($31.9M).

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Exporters of Weighing machinery having a capacity < 30 kg nes (2023)
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Importers of Weighing machinery having a capacity < 30 kg nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Serbia$15.1M
Top Destination Growth (2022 -  2023)Russia$6.03M

Between 2022 and 2023, the exports of Weighing machinery having a capacity < 30 kg nes grew the fastest in Serbia ($15.1M), China ($8.68M), Austria ($6.91M), Turkey ($2.47M), and Mexico ($2.1M).

Between 2022 and 2023, the fastest growing importers of Weighing machinery having a capacity < 30 kg nes were Russia ($6.03M), Malaysia ($5.55M), Vietnam ($5.49M), Switzerland ($4.74M), and Spain ($3.59M).

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Exporters of Weighing machinery having a capacity < 30 kg nes (2022 - 2023)

Importers of Weighing machinery having a capacity < 30 kg nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Weighing machinery having a capacity < 30 kg nes.

In 2023, market concentration measured using Shannon Entropy, was 3.33. This means that most of the exports of Weighing machinery having a capacity < 30 kg nes are explained by 10 countries.

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Value of Exports in Weighing machinery having a capacity < 30 kg nes

Net Trade

TOP NET EXPORTER (2023)China$259M
TOP NET IMPORTER (2023)United States$120M

This map shows which countries export or import more of Weighing machinery having a capacity < 30 kg nes. Each country is colored based on the difference in exports and imports of Weighing machinery having a capacity < 30 kg nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Weighing machinery having a capacity < 30 kg nes were China ($259M), Germany ($169M), Indonesia ($16.7M), Serbia ($13.2M), and South Korea ($5.53M).

In 2023, the countries that had a largest trade value in imports than in exports of Weighing machinery having a capacity < 30 kg nes were United States ($120M), Italy ($30.7M), France ($26.8M), Canada ($21.2M), and Russia ($16.1M).

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 machinery having a capacity < 30 kg nes.
It is possible to select the main countries that export or import Weighing machinery having a capacity < 30 kg nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Weighing machinery having a capacity < 30 kg nes 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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