HS Icon Office Machine Parts

8473 (Harmonized System 1992 for 4-digit)

World Trade (2019): $234B, Rnk 11 / 1217

Top Exporter (2019): $82.7B, China

Top Importer (2019): $38.9B, United States

Product Complexity (2019): 1.28, Rnk 83 / 961

Export Growth (CAGR)(2018 - 2019): -9.95%, Rnk 964 / 1217

Mean Tariff (2018): 3.98%, Rnk 998 / 1259

Share of World Trade (2019): 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.

Exporters and Importers

#permalink to section

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).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

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).

Explore Visualizations

Market Concentration

#permalink to section

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.

Explore Visualizations

TOP NET EXPORTER (2019): China, $65B

TOP NET IMPORTER (2019): Hong Kong, $26B

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).

Disaggregation

#permalink to section
Value

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)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Office Machine Parts was 3.98%.  The countries with the highest tariffs for importing Office Machine Parts were Bermuda (25%), Bahamas (20.8%), Iran (19.6%), Cameroon (18%), and Gabon (18%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.