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841960 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.17BRnk 1936 / 4644
2023
Top Exporter | Top Importer $396M | $139MChina | South Korea
2023
Product Complexity 0.4Rnk 1856 / 4656
2022 - 2023
Export Growth (CAGR) -29.6%Rnk 4215 / 4644
2023
Share of World Trade 0.0052%Rnk 1936 / 4644

About

Overview This page contains the latest trade data of Machinery for liquefying air or other gases. In 2023, Machinery for liquefying air or other gases were the world's 1936th most traded product, with a total trade of $1.17B. Between 2022 and 2023 the exports of Machinery for liquefying air or other gases decreased by -29.6%, from $1.67B to $1.17B. Trade in Machinery for liquefying air or other gases represent 0.0052% of total world trade.

Machinery for liquefying air or other gases are a part of Other Heating Machinery.

Exports In 2023 the top exporters of Machinery for liquefying air or other gases  were China ($396M), United States ($161M), Italy ($144M), United Arab Emirates ($79.9M), and India ($64M).

Imports In 2023 the top importers of Machinery for liquefying air or other gases were South Korea ($139M), United States ($124M), Nigeria ($72.7M), Canada ($71.6M), and Indonesia ($70M).

Ranking Machinery for liquefying air or other gases ranks 1856th in the Product Complexity Index (PCI).

Description Machinery that liquefies air or other gases can be used in scientific experiments and to produce items such as oxygen.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machinery for liquefying air or other gases. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$396M
Top Destination (2023)South Korea$139M

In 2023 Machinery for liquefying air or other gases were the world's 1936th most traded product (out of 4,644).

In 2023, the top exporters of Machinery for liquefying air or other gases were China ($396M), United States ($161M), Italy ($144M), United Arab Emirates ($79.9M), and India ($64M).

In 2023, the top importers of Machinery for liquefying air or other gases were South Korea ($139M), United States ($124M), Nigeria ($72.7M), Canada ($71.6M), and Indonesia ($70M).

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Exporters of Machinery for liquefying air or other gases (2023)
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Importers of Machinery for liquefying air or other gases (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$30.7M
Top Destination Growth (2022 -  2023)Brazil$60.2M

Between 2022 and 2023, the exports of Machinery for liquefying air or other gases grew the fastest in United States ($30.7M), France ($16.6M), China ($16.1M), Canada ($12M), and Denmark ($8.51M).

Between 2022 and 2023, the fastest growing importers of Machinery for liquefying air or other gases were Brazil ($60.2M), Nigeria ($49.3M), United States ($46.3M), Indonesia ($44.4M), and Malaysia ($23.2M).

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Exporters of Machinery for liquefying air or other gases (2022 - 2023)

Importers of Machinery for liquefying air or other gases (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machinery for liquefying air or other gases.

In 2023, market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Machinery for liquefying air or other gases are explained by 11 countries.

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Value of Exports in Machinery for liquefying air or other gases

Net Trade

TOP NET EXPORTER (2023)China$371M
TOP NET IMPORTER (2023)South Korea$113M

This map shows which countries export or import more of Machinery for liquefying air or other gases. Each country is colored based on the difference in exports and imports of Machinery for liquefying air or other gases during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machinery for liquefying air or other gases were China ($371M), Italy ($120M), United Arab Emirates ($67.7M), United States ($37.5M), and France ($30.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Machinery for liquefying air or other gases were South Korea ($113M), Nigeria ($72.6M), Indonesia ($69.7M), Brazil ($65M), and Canada ($48.5M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Machinery for liquefying air or other gases.
It is possible to select the main countries that export or import Machinery for liquefying air or other gases in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machinery for liquefying air or other gases by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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