HS Icon Office Machine Parts

8473 (Harmonized System 1992 for 4-digit)

World Trade (2018): $257B, Rnk 11 / 1225

Top Exporter (2018): $100B, China

Top Importer (2018): $49B, United States

Product Complexity (2018): 1.2, Rnk 100 / 1018

Export Growth (CAGR)(2017 - 2018): 17%, Rnk 429 / 1225

Mean Tariff (2018): 3.98%, Rnk 998 / 1259

Share of World Trade (2018): 1.4%, Rnk 11 / 1225

Overview:  This page contains the latest trade data of Office Machine Parts. In 2018, Office Machine Parts were the world's 11th most traded product, with a total trade of $257B. Between 2017 and 2018 the exports of Office Machine Parts grew by 17%, from  $220B to $257B. Trade in Office Machine Parts represent 1.4% of total world trade.

Exports: In 2018 the top exporters of Office Machine Parts  were China ($100B), United States ($19.4B), South Korea ($18.8B), Thailand ($18.6B), and Netherlands ($11.2B).

Imports: In 2018 the top importers of Office Machine Parts were United States ($49B), Hong Kong ($35.7B), China ($18.3B), Mexico ($16.8B), and Germany ($15.5B).

Tariffs: In 2018 the average tariff for Office Machine Parts was 3.98%, been the 998 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Office Machine Parts are Bermuda (25%), Bahamas (20.8%), Iran (19.6%), Cameroon (18%), and Gabon (18%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Office Machine Parts ranks 100th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $100B

Top Destination (2018): United States, $49B

Office Machine Parts are the world's 11th most traded product.

In 2018, the top exporters of Office Machine Parts were China ($100B), United States ($19.4B), South Korea ($18.8B), Thailand ($18.6B), and Netherlands ($11.2B).

In 2018, the top importers of Office Machine Parts were United States ($49B), Hong Kong ($35.7B), China ($18.3B), Mexico ($16.8B), and Germany ($15.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $13.6B

Top Destination Growth (2017 - 2018): Mexico, $16.7B

Between 2017 and 2018, the exports of Office Machine Parts grew the fastest in United States ($13.6B), China ($9.24B), South Korea ($5.54B), Chinese Taipei ($3B), and Germany ($2.83B).

Between 2017 and 2018, the fastest growing importers of Office Machine Parts were Mexico ($16.7B), Hong Kong ($7.09B), Chinese Taipei ($2.53B), Singapore ($1.9B), and China ($1.6B).

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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 Office Machine Parts.

In 2018,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Office Machine Parts are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $81.7B

TOP NET IMPORTER (2018): Hong Kong, $31.6B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Office Machine Parts were China ($81.7B), Thailand ($14.5B), South Korea ($11.3B), Philippines ($6.85B), and Chinese Taipei ($6.54B).

In 2018, the countries that had a largest trade value in imports than in exports of Office Machine Parts were Hong Kong ($31.6B), United States ($29.6B), Mexico ($15.1B), Germany ($4.4B), and Netherlands ($4.14B).

Trade Forecasts

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This section shows forecasts for total trade for Office Machine Parts. 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 Office Machine Parts was 3.98%.  The countries with the highest tariffs for importing Office Machine Parts were Bermuda (25%), Bahamas (20.8%), Iran (19.6%), Cameroon (18%), and Gabon (18%).

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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.