HS Icon Mill Machinery

8437 (Harmonized System 1992 for 4-digit)

World Trade (2019): $2.14B, Rnk 707 / 1217

Top Exporter (2019): $485M, China

Top Importer (2019): $136M, India

Product Complexity (2019): 0.36, Rnk 402 / 961

Export Growth (CAGR)(2018 - 2019): -6.38%, Rnk 816 / 1217

Mean Tariff (2018): 4.58%, Rnk 893 / 1259

Share of World Trade (2019): 0.012%, Rnk 707 / 1217

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.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $485M

Top Destination (2019): India, $136M

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $69.8M

Top Destination Growth (2018 - 2019): India, $25.5M

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).

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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 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.

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TOP NET EXPORTER (2019): China, $450M

TOP NET IMPORTER (2019): Indonesia, $72.5M

This 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

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Value

In 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)

Import Tariffs

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In 2018, the average tariff for importing Mill Machinery was 4.58%.  The countries with the highest tariffs for importing Mill Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Venezuela (13.4%), 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.