Office Machine Parts8473 (Harmonized System 1992 for 4-digit)
2019 World Trade: $234B, Rnk 11 / 1217
2019 Top Exporter | Top Importer: $82.7B | $38.9B, China | United States
2019 Product Complexity: 1.28, Rnk 83 / 961
2018 - 2019 Export Growth (CAGR): -9.95%, Rnk 964 / 1217
2018 Mean Tariff: 3.98%, Rnk 998 / 1259
2019 Share of World Trade: 1.29%, Rnk 11 / 1217
Overview This page contains the latest trade data of Office Machine Parts. In 2019, Office Machine Parts were the world's 11th most traded product, with a total trade of $234B. Between 2018 and 2019 the exports of Office Machine Parts decreased by -9.95%, from $260B to $234B. Trade in Office Machine Parts represent 1.29% of total world trade.
Exports In 2019 the top exporters of Office Machine Parts were China ($82.7B), United States ($20.3B), Thailand ($16.4B), Chinese Taipei ($14.2B), and South Korea ($13.5B).
Imports In 2019 the top importers of Office Machine Parts were United States ($38.9B), Hong Kong ($29.7B), China ($17.6B), Mexico ($16.5B), and Germany ($14B).
Tariffs In 2018 the average tariff for Office Machine Parts was 3.98%, making it the 998th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Office Machine Parts are Bermuda (25%), Bahamas (20.8%), Iran (19.6%), Cameroon (18%), and Gabon (18%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).
Ranking Office Machine Parts ranks 83rd in the Product Complexity Index (PCI).
Description Parts and accessories suitable for use solely or principally with machines of heading 8469 to 8472 are used in the production of other goods. They can be made from a variety of materials, including wood, plastic, metal, and glass.
Trade By Country
Top Origin (2019): China, $82.7B
Top Destination (2019): United States, $38.9B
Office Machine Parts are the world's 11th most traded product.
In 2019, the top exporters of Office Machine Parts were China ($82.7B), United States ($20.3B), Thailand ($16.4B), Chinese Taipei ($14.2B), and South Korea ($13.5B).
In 2019, the top importers of Office Machine Parts were United States ($38.9B), Hong Kong ($29.7B), China ($17.6B), Mexico ($16.5B), and Germany ($14B).
Trade by country
Top Origin Growth (2018 - 2019): Chinese Taipei, $3.75B
Top Destination Growth (2018 - 2019): Philippines, $550M
Between 2018 and 2019, the exports of Office Machine Parts grew the fastest in Chinese Taipei ($3.75B), Philippines ($2.54B), Vietnam ($577M), Czechia ($407M), and Mexico ($184M).
Between 2018 and 2019, the fastest growing importers of Office Machine Parts were Philippines ($550M), Chinese Taipei ($548M), Vietnam ($438M), Switzerland ($129M), and Japan ($99.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Office Machine Parts.
In 2019, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Office Machine Parts are explained by 13 countries.
This map shows which countries export or import more of Office Machine Parts. Each country is colored based on the difference in exports and imports of Office Machine Parts during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Office Machine Parts were China ($65B), Thailand ($12.9B), Chinese Taipei ($9.75B), Philippines ($9.02B), and South Korea ($6.62B).
In 2019, the countries that had a largest trade value in imports than in exports of Office Machine Parts were Hong Kong ($26B), United States ($18.6B), Mexico ($14.5B), Germany ($4.1B), and Japan ($3.55B).
In 2019, the world most traded Office Machine Parts, disaggragated by their HS6 level were Parts and accessories of data processing... ($230B), Parts and accessories of office machines,... ($2.46B), Parts and accessories of accounting machines,... ($1.3B), Parts and accessories of electronic calculators ($286M), and Parts and accessories of typewriters, word... ($2.16M)
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.