HS Icon Book-binding Machines

8440 (Harmonized System 1992 for 4-digit)

World Trade (2019): $922M, Rnk 919 / 1217

Top Exporter (2019): $262M, Germany

Top Importer (2019): $156M, United States

Product Complexity (2019): 0.77, Rnk 230 / 961

Export Growth (CAGR)(2018 - 2019): -6.58%, Rnk 828 / 1217

Mean Tariff (2018): 3.92%, Rnk 1011 / 1259

Share of World Trade (2019): 0.0051%, Rnk 919 / 1217

Overview:  This page contains the latest trade data of Book-binding Machines. In 2019, Book-binding Machines were the world's 919th most traded product, with a total trade of $922M. Between 2018 and 2019 the exports of Book-binding Machines decreased by -6.58%, from  $986M to $922M. Trade in Book-binding Machines represent 0.0051% of total world trade.

Exports: In 2019 the top exporters of Book-binding Machines  were Germany ($262M), Switzerland ($116M), Japan ($84.5M), China ($69.2M), and Italy ($63.4M).

Imports: In 2019 the top importers of Book-binding Machines were United States ($156M), Germany ($70.5M), China ($61.1M), United Kingdom ($47M), and Netherlands ($45.8M).

Tariffs: In 2018 the average tariff for Book-binding Machines was 3.92%, making it the 1011th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Book-binding Machines are Bahamas (40.2%), Maldives (19.6%), Cambodia (15%), Bermuda (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Book-binding Machines ranks 230th in the Product Complexity Index (PCI).

Description: Bookbinding machinery is used to bind books together. It can be made from a variety of materials, including wood, metal, and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $262M

Top Destination (2019): United States, $156M

Book-binding Machines are the world's 919th most traded product.

In 2019, the top exporters of Book-binding Machines were Germany ($262M), Switzerland ($116M), Japan ($84.5M), China ($69.2M), and Italy ($63.4M).

In 2019, the top importers of Book-binding Machines were United States ($156M), Germany ($70.5M), China ($61.1M), United Kingdom ($47M), and Netherlands ($45.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $13.6M

Top Destination Growth (2018 - 2019): India, $6.32M

Between 2018 and 2019, the exports of Book-binding Machines grew the fastest in China ($13.6M), Latvia ($4.99M), Malaysia ($3.43M), United Kingdom ($2.55M), and Australia ($2.16M).

Between 2018 and 2019, the fastest growing importers of Book-binding Machines were India ($6.32M), Austria ($5.23M), Vietnam ($4.6M), Russia ($4.3M), and Belgium ($4.17M).

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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 Book-binding Machines.

In 2019,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Book-binding Machines are explained by 14 countries.

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TOP NET EXPORTER (2019): Germany, $192M

TOP NET IMPORTER (2019): United States, $128M

This map shows which countries export or import more of Book-binding Machines. Each country is colored based on the difference in exports and imports of Book-binding Machines during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Book-binding Machines were Germany ($192M), Switzerland ($99.1M), Japan ($63.1M), Italy ($34.8M), and Portugal ($15.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Book-binding Machines were United States ($128M), France ($28.2M), Austria ($17.7M), Poland ($17.3M), and Russia ($16.4M).

Disaggregation

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Value

In 2019, the world most traded Book-binding Machines, disaggragated by their HS6 level were Book-binding machinery including book-sewing machines ($707M) and Parts of book-binding and book-sewing machines ($215M)

Import Tariffs

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In 2018, the average tariff for importing Book-binding Machines was 3.92%.  The countries with the highest tariffs for importing Book-binding Machines were Bahamas (40.2%), Maldives (19.6%), Cambodia (15%), Bermuda (15%), and Romania (12.9%).

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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.