HS Icon Other Office Machines

8472 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.8B, Rnk 516 / 1225

Top Exporter (2018): $1.48B, China

Top Importer (2018): $868M, United States

Export Growth (CAGR)(2017 - 2018): -5.5%, Rnk 1144 / 1225

Mean Tariff (2018): 6.75%, Rnk 634 / 1259

Share of World Trade (2018): 0.026%, Rnk 516 / 1225

Overview:  This page contains the latest trade data of Other Office Machines. In 2018, Other Office Machines were the world's 516th most traded product, with a total trade of $4.8B. Between 2017 and 2018 the exports of Other Office Machines decreased by -5.5%, from  $5.08B to $4.8B. Trade in Other Office Machines represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Other Office Machines  were China ($1.48B), Germany ($680M), Hungary ($542M), South Korea ($275M), and Netherlands ($238M).

Imports: In 2018 the top importers of Other Office Machines were United States ($868M), Germany ($338M), Russia ($223M), Japan ($216M), and France ($185M).

Tariffs: In 2018 the average tariff for Other Office Machines was 6.75%, been the 634 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Office Machines are Bahamas (49.1%), Iran (33.8%), Bermuda (25%), Algeria (22.7%), and Mauritania (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.48B

Top Destination (2018): United States, $868M

Other Office Machines are the world's 516th most traded product.

In 2018, the top exporters of Other Office Machines were China ($1.48B), Germany ($680M), Hungary ($542M), South Korea ($275M), and Netherlands ($238M).

In 2018, the top importers of Other Office Machines were United States ($868M), Germany ($338M), Russia ($223M), Japan ($216M), and France ($185M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Hungary, $52.7M

Top Destination Growth (2017 - 2018): Germany, $71.6M

Between 2017 and 2018, the exports of Other Office Machines grew the fastest in Hungary ($52.7M), Austria ($43.9M), South Korea ($38.5M), Philippines ($32.1M), and India ($25.9M).

Between 2017 and 2018, the fastest growing importers of Other Office Machines were Germany ($71.6M), Spain ($45.6M), Russia ($27.1M), China ($26.3M), and Cameroon ($24.9M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Office Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Other Office Machines are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $1.41B

TOP NET IMPORTER (2018): United States, $754M

This map shows which countries export or import more of Other Office Machines. Each country is colored based on the difference in exports and imports of Other Office Machines during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Office Machines were China ($1.41B), Hungary ($521M), Germany ($342M), South Korea ($239M), and Philippines ($164M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Office Machines were United States ($754M), Russia ($216M), Spain ($134M), France ($132M), and Turkey ($119M).

Trade Forecasts

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This section shows forecasts for total trade for Other Office Machines. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Other Office Machines was 6.75%.  The countries with the highest tariffs for importing Other Office Machines were Bahamas (49.1%), Iran (33.8%), Bermuda (25%), Algeria (22.7%), and Mauritania (20%).

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Product Complexity

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Diversification Frontier

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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.