Mill Machinery
8437 (Harmonized System 1992 for 4-digit)
Overview: This page contains the latest trade data of Mill Machinery. In 2019, Mill Machinery were the world's 707th most traded product, with a total trade of $2.14B. Between 2018 and 2019 the exports of Mill Machinery decreased by -6.38%, from $2.28B to $2.14B. Trade in Mill Machinery represent 0.012% of total world trade.
Exports: In 2019 the top exporters of Mill Machinery were China ($485M), Turkey ($242M), Italy ($191M), Switzerland ($146M), and Germany ($139M).
Imports: In 2019 the top importers of Mill Machinery were India ($136M), United States ($114M), Indonesia ($74.2M), Germany ($72M), and Canada ($63.6M).
Tariffs: In 2018 the average tariff for Mill Machinery was 4.58%, making it the 893rd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Mill Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Venezuela (13.4%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Mill Machinery ranks 402nd in the Product Complexity Index (PCI).
Description: These machines are used to clean, sort or grade seed, grain or dried leguminous vegetables. They can also be used in the milling industry or for the working of cereals or dried leguminous vegetables.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Mill Machinery are the world's 707th most traded product.
In 2019, the top exporters of Mill Machinery were China ($485M), Turkey ($242M), Italy ($191M), Switzerland ($146M), and Germany ($139M).
In 2019, the top importers of Mill Machinery were India ($136M), United States ($114M), Indonesia ($74.2M), Germany ($72M), and Canada ($63.6M).
Market Dynamics
#permalink to sectionTrade by country
Between 2018 and 2019, the exports of Mill Machinery grew the fastest in China ($69.8M), Bulgaria ($9.02M), Poland ($3.61M), Malaysia ($3.43M), and Mexico ($1.95M).
Between 2018 and 2019, the fastest growing importers of Mill Machinery were India ($25.5M), Saudi Arabia ($24.6M), Belarus ($16.4M), Mexico ($15.6M), and Indonesia ($15.3M).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Mill Machinery.
In 2019, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Mill Machinery are explained by 18 countries.
Net Trade
#permalink to sectionThis map shows which countries export or import more of Mill Machinery. Each country is colored based on the difference in exports and imports of Mill Machinery during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Mill Machinery were China ($450M), Turkey ($223M), Italy ($152M), Switzerland ($120M), and United Kingdom ($83.5M).
In 2019, the countries that had a largest trade value in imports than in exports of Mill Machinery were Indonesia ($72.5M), India ($65.1M), Nigeria ($55M), Russia ($52.4M), and Canada ($46.9M).
Disaggregation
#permalink to sectionIn 2019, the world most traded Mill Machinery, disaggragated by their HS6 level were Machines to mill or work cereals... ($930M), Machines to clean, sort, grade seed,grain,... ($654M), and Parts grain, seed, dry legumes processing... ($553M)
Tariffs
#permalink to sectionProduct Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
