Overview: This page contains the latest trade data of Machines. In 2018, Machines were the world's 1st most traded product, with a total trade of $4.77T. Between 2017 and 2018 the exports of Machines grew by 7.74%, from $4.43T to $4.77T. Trade in Machines represent 25.9% of total world trade.
This map shows which countries export or import more of Machines. Each country is colored based on the difference in exports and imports of Machines during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Machines were China ($800B), South Korea ($138B), Germany ($121B), Chinese Taipei ($116B), and Japan ($106B).
In 2018, the countries that had a largest trade value in imports than in exports of Machines were United States ($387B), Hong Kong ($344B), India ($62.8B), Russia ($52.8B), and Australia ($46.5B).
In 2018, the average tariff for importing Machines was 5.89%. The countries with the highest tariffs for importing Machines were Bahamas (32.2%), Bermuda (24.1%), Maldives (20.3%), Iran (18%), and Cambodia (13.9%).
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.