HS Icon Industrial Food Preperation Machinery

8438 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $14.4B, Rnk 243 / 1217

2019
Top Exporter | Top Importer
: $2.62B | $1.59B, Germany | United States

2019
Product Complexity
: 0.77, Rnk 231 / 961

2018 - 2019
Export Growth (CAGR)
: -3.57%, Rnk 665 / 1217

2018
Mean Tariff
: 4.56%, Rnk 895 / 1259

 2019
Share of World Trade
: 0.079%, Rnk 243 / 1217

Overview:  This page contains the latest trade data of Industrial Food Preperation Machinery. In 2019, Industrial Food Preperation Machinery were the world's 243rd most traded product, with a total trade of $14.4B. Between 2018 and 2019 the exports of Industrial Food Preperation Machinery decreased by -3.57%, from  $14.9B to $14.4B. Trade in Industrial Food Preperation Machinery represent 0.079% of total world trade.

Exports: In 2019 the top exporters of Industrial Food Preperation Machinery  were Germany ($2.62B), Italy ($2.05B), Netherlands ($1.95B), China ($1.12B), and United States ($975M).

Imports: In 2019 the top importers of Industrial Food Preperation Machinery were United States ($1.59B), Russia ($668M), Germany ($624M), France ($513M), and United Kingdom ($473M).

Tariffs: In 2018 the average tariff for Industrial Food Preperation Machinery was 4.56%, making it the 895th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Industrial Food Preperation Machinery are Bahamas (40.4%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Industrial Food Preperation Machinery ranks 231st in the Product Complexity Index (PCI).

Description: Machinery for the industrial preparation or manufacture of food or drink is used in the production of other goods. It can be made from a variety of materials, including steel, aluminum, and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.62B

Top Destination (2019): United States, $1.59B

Industrial Food Preperation Machinery are the world's 243rd most traded product.

In 2019, the top exporters of Industrial Food Preperation Machinery were Germany ($2.62B), Italy ($2.05B), Netherlands ($1.95B), China ($1.12B), and United States ($975M).

In 2019, the top importers of Industrial Food Preperation Machinery were United States ($1.59B), Russia ($668M), Germany ($624M), France ($513M), and United Kingdom ($473M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $44.9M

Top Destination Growth (2018 - 2019): Egypt, $58.4M

Between 2018 and 2019, the exports of Industrial Food Preperation Machinery grew the fastest in United States ($44.9M), Turkey ($38.4M), China ($30M), Iceland ($14.4M), and Hungary ($9.18M).

Between 2018 and 2019, the fastest growing importers of Industrial Food Preperation Machinery were Egypt ($58.4M), Brazil ($39.1M), Canada ($35.5M), Myanmar ($30.2M), and Oman ($28.9M).

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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 Industrial Food Preperation Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Industrial Food Preperation Machinery are explained by 18 countries.

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TOP NET EXPORTER (2019): Germany, $2B

TOP NET IMPORTER (2019): Russia, $637M

This map shows which countries export or import more of Industrial Food Preperation Machinery. Each country is colored based on the difference in exports and imports of Industrial Food Preperation Machinery during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Industrial Food Preperation Machinery were Germany ($2B), Italy ($1.77B), Netherlands ($1.51B), China ($705M), and Denmark ($473M).

In 2019, the countries that had a largest trade value in imports than in exports of Industrial Food Preperation Machinery were Russia ($637M), United States ($612M), Mexico ($350M), Canada ($322M), and United Kingdom ($229M).

Disaggregation

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Value

In 2019, the world most traded Industrial Food Preperation Machinery, disaggragated by their HS6 level were Industrial machine parts, food, drink preparation ($3.56B), Industrial machinery nes for food, drink... ($2.88B), Bakery and pasta making machinery ($2.66B), Machinery for the preparation of meat... ($2.4B), and Machines, confectionery, cocoa, chocolate manufacture ($1.07B)

Import Tariffs

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In 2018, the average tariff for importing Industrial Food Preperation Machinery was 4.56%.  The countries with the highest tariffs for importing Industrial Food Preperation Machinery were Bahamas (40.4%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.3%).

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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.