HS Icon Machines to mix, knead, crush, grind, etc, nes

847982 (Harmonized System 1992 for 6-digit)

World Trade (2019): $5.27B, Rnk 592 / 4648

Top Exporter (2019): $1.44B, Germany

Top Importer (2019): $577M, United States

Product Complexity (2019): 1.67, Rnk 136 / 4826

Export Growth (CAGR)(2018 - 2019): 3.56%, Rnk 932 / 4648

Mean Tariff (2018): 3.84%, Rnk 5130 / 6538

Share of World Trade (2019): 0.029%, Rnk 592 / 4648

Overview:  This page contains the latest trade data of Machines to mix, knead, crush, grind, etc, nes. In 2019, Machines to mix, knead, crush, grind, etc, nes were the world's 592nd most traded product, with a total trade of $5.27B. Between 2018 and 2019 the exports of Machines to mix, knead, crush, grind, etc, nes grew by 3.56%, from  $5.09B to $5.27B. Trade in Machines to mix, knead, crush, grind, etc, nes represent 0.029% of total world trade.

Exports: In 2019 the top exporters of Machines to mix, knead, crush, grind, etc, nes  were Germany ($1.44B), China ($632M), United States ($388M), Italy ($384M), and South Korea ($241M).

Imports: In 2019 the top importers of Machines to mix, knead, crush, grind, etc, nes were United States ($577M), China ($572M), Germany ($244M), France ($213M), and United Kingdom ($180M).

Tariffs: In 2018 the average tariff for Machines to mix, knead, crush, grind, etc, nes was 3.84%, making it the 5130th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machines to mix, knead, crush, grind, etc, nes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Machines to mix, knead, crush, grind, etc, nes ranks 136th in the Product Complexity Index (PCI).

Description: Machines can be used to mix, knead, crush, grind, etc. by using energy to rotate or compress. Machines can be helpful for mixing and kneading dough and for crushing and grinding food.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.44B

Top Destination (2019): United States, $577M

Machines to mix, knead, crush, grind, etc, nes are the world's 592nd most traded product.

In 2019, the top exporters of Machines to mix, knead, crush, grind, etc, nes were Germany ($1.44B), China ($632M), United States ($388M), Italy ($384M), and South Korea ($241M).

In 2019, the top importers of Machines to mix, knead, crush, grind, etc, nes were United States ($577M), China ($572M), Germany ($244M), France ($213M), and United Kingdom ($180M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $90.2M

Top Destination Growth (2018 - 2019): United Kingdom, $47M

Between 2018 and 2019, the exports of Machines to mix, knead, crush, grind, etc, nes grew the fastest in Germany ($90.2M), United States ($50M), China ($38.9M), France ($37.1M), and Austria ($23.2M).

Between 2018 and 2019, the fastest growing importers of Machines to mix, knead, crush, grind, etc, nes were United Kingdom ($47M), Argentina ($33.7M), Vietnam ($33.2M), Italy ($29.8M), and Saudi Arabia ($25.7M).

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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 Machines to mix, knead, crush, grind, etc, nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Machines to mix, knead, crush, grind, etc, nes are explained by 17 countries.

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TOP NET EXPORTER (2019): Germany, $1.2B

TOP NET IMPORTER (2019): United States, $189M

This map shows which countries export or import more of Machines to mix, knead, crush, grind, etc, nes. Each country is colored based on the difference in exports and imports of Machines to mix, knead, crush, grind, etc, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Machines to mix, knead, crush, grind, etc, nes were Germany ($1.2B), Italy ($255M), Austria ($121M), South Korea ($98.9M), and Switzerland ($93.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Machines to mix, knead, crush, grind, etc, nes were United States ($189M), Russia ($142M), Indonesia ($123M), Vietnam ($119M), and Thailand ($94.4M).

Import Tariffs

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In 2018, the average tariff for importing Machines to mix, knead, crush, grind, etc, nes was 3.84%.  The countries with the highest tariffs for importing Machines to mix, knead, crush, grind, etc, nes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%).

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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.