Mill Machinery8437 (Harmonized System 1992 for 4-digit)
World Trade (2018): $2.23B, Rnk 710 / 1225
Top Exporter (2018): $412M, China
Top Importer (2018): $124M, United States
Product Complexity (2018): 0.52, Rnk 366 / 1018
Export Growth (CAGR)(2017 - 2018): 5.05%, Rnk 971 / 1225
Mean Tariff (2018): 4.58%, Rnk 893 / 1259
Share of World Trade (2018): 0.012%, Rnk 710 / 1225
Overview: This page contains the latest trade data of Mill Machinery. In 2018, Mill Machinery were the world's 710th most traded product, with a total trade of $2.23B. Between 2017 and 2018 the exports of Mill Machinery grew by 5.05%, from $2.13B to $2.23B. Trade in Mill Machinery represent 0.012% of total world trade.
Exports: In 2018 the top exporters of Mill Machinery were China ($412M), Turkey ($275M), Italy ($199M), Germany ($167M), and Switzerland ($154M).
Imports: In 2018 the top importers of Mill Machinery were United States ($124M), India ($110M), Russia ($72.7M), Germany ($69.9M), and Nigeria ($61.3M).
Tariffs: In 2018 the average tariff for Mill Machinery was 4.58%, been the 893 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 366th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $412M
Top Destination (2018): United States, $124M
Mill Machinery are the world's 710th most traded product.
In 2018, the top exporters of Mill Machinery were China ($412M), Turkey ($275M), Italy ($199M), Germany ($167M), and Switzerland ($154M).
In 2018, the top importers of Mill Machinery were United States ($124M), India ($110M), Russia ($72.7M), Germany ($69.9M), and Nigeria ($61.3M).
Trade by country
Top Origin Growth (2017 - 2018): Netherlands, $32.1M
Top Destination Growth (2017 - 2018): Angola, $41.2M
Between 2017 and 2018, the exports of Mill Machinery grew the fastest in Netherlands ($32.1M), Turkey ($26.4M), United Kingdom ($25.1M), Thailand ($15.8M), and Belgium-Luxembourg ($15.2M).
Between 2017 and 2018, the fastest growing importers of Mill Machinery were Angola ($41.2M), Tanzania ($28.7M), Romania ($20.8M), Indonesia ($16M), and Belgium-Luxembourg ($13.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Mill Machinery.
In 2018, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Mill Machinery are explained by 19 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Mill Machinery were China ($375M), Turkey ($252M), Italy ($156M), Switzerland ($129M), and United Kingdom ($105M).
In 2018, the countries that had a largest trade value in imports than in exports of Mill Machinery were Russia ($61.7M), Nigeria ($60.8M), Indonesia ($56.8M), Bangladesh ($45M), and Philippines ($44.9M).
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.
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