HS Icon Other Office Machines

8472 (Harmonized System 1992 for 4-digit)

World Trade (2019): $5.12B, Rnk 490 / 1217

Top Exporter (2019): $1.45B, China

Top Importer (2019): $1.08B, United States

Product Complexity (2019): 0.94, Rnk 172 / 961

Export Growth (CAGR)(2018 - 2019): 4.11%, Rnk 193 / 1217

Mean Tariff (2018): 6.75%, Rnk 634 / 1259

Share of World Trade (2019): 0.028%, Rnk 490 / 1217

Overview:  This page contains the latest trade data of Other Office Machines. In 2019, Other Office Machines were the world's 490th most traded product, with a total trade of $5.12B. Between 2018 and 2019 the exports of Other Office Machines grew by 4.11%, from  $4.92B to $5.12B. Trade in Other Office Machines represent 0.028% of total world trade.

Exports: In 2019 the top exporters of Other Office Machines  were China ($1.45B), Germany ($604M), Hungary ($494M), South Korea ($333M), and India ($243M).

Imports: In 2019 the top importers of Other Office Machines were United States ($1.08B), Germany ($309M), Russia ($256M), Canada ($220M), and Japan ($193M).

Tariffs: In 2018 the average tariff for Other Office Machines was 6.75%, making it the 634th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Office Machines are Bahamas (49.1%), Iran (33.8%), Bermuda (25%), Algeria (22.7%), and Mauritania (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Other Office Machines ranks 172nd in the Product Complexity Index (PCI).

Description: Office machines are used to help people do their work. They can be made from a variety of materials, including wood, metal, plastic, and other materials.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.45B

Top Destination (2019): United States, $1.08B

Other Office Machines are the world's 490th most traded product.

In 2019, the top exporters of Other Office Machines were China ($1.45B), Germany ($604M), Hungary ($494M), South Korea ($333M), and India ($243M).

In 2019, the top importers of Other Office Machines were United States ($1.08B), Germany ($309M), Russia ($256M), Canada ($220M), and Japan ($193M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $196M

Top Destination Growth (2018 - 2019): United States, $212M

Between 2018 and 2019, the exports of Other Office Machines grew the fastest in Mexico ($196M), India ($111M), South Korea ($58.1M), Lithuania ($26M), and Italy ($25.9M).

Between 2018 and 2019, the fastest growing importers of Other Office Machines were United States ($212M), Canada ($99.1M), Egypt ($56.3M), India ($37M), and Russia ($32.5M).

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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 Other Office Machines.

In 2019,  market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Other Office Machines are explained by 15 countries.

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TOP NET EXPORTER (2019): China, $1.42B

TOP NET IMPORTER (2019): United States, $879M

This map shows which countries export or import more of Other Office Machines. Each country is colored based on the difference in exports and imports of Other Office Machines during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Office Machines were China ($1.42B), Hungary ($450M), Germany ($295M), South Korea ($292M), and Philippines ($164M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Office Machines were United States ($879M), Russia ($245M), Canada ($170M), Spain ($123M), and France ($93.6M).

Disaggregation

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Value

In 2019, the world most traded Other Office Machines, disaggragated by their HS6 level were Office machines, nes ($4.74B), Machinery for processing mail of all... ($312M), and Office duplicating machines ($71.1M)

Import Tariffs

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In 2018, the average tariff for importing Other Office Machines was 6.75%.  The countries with the highest tariffs for importing Other Office Machines were Bahamas (49.1%), Iran (33.8%), Bermuda (25%), Algeria (22.7%), and Mauritania (20%).

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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.