Overview: This page contains the latest trade data of Machines. In 2019, Machines were the world's 1st most traded product, with a total trade of $4.7T. Between 2018 and 2019 the exports of Machines decreased by -2.64%, from $4.83T to $4.7T. Trade in Machines represent 26% of total world trade.
Exports: In 2019 the top exporters of Machines were China ($1.2T), Germany ($414B), United States ($370B), Japan ($244B), and South Korea ($231B).
Imports: In 2019 the top importers of Machines were United States ($708B), China ($374B), Hong Kong ($363B), Germany ($298B), and Mexico ($175B).
Tariffs: In 2018 the average tariff for Machines was 5.89%, making it the 19th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Machines are Bahamas (32.2%), Bermuda (24.1%), Maldives (20.3%), Iran (18%), and Cambodia (13.9%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Japan (0.012%).
Ranking: Machines ranks 1st in the Product Complexity Index (PCI).