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Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter

8479 (Harmonized System 1992 for 4-digit)

2022
World Trade $212BRnk 14 / 1218
2022
Top Exporter | Top Importer $38.5B | $40.8BJapan | China
2022
Product Complexity 1.88Rnk 11 / 1033
2021 - 2022
Export Growth (CAGR) 46.2%Rnk 35 / 1218
2022
Share of World Trade 0.9%Rnk 14 / 1218

About

Overview This page contains the latest trade data of Machinery Having Individual Functions. In 2022, Machinery Having Individual Functions were the world's 14th most traded product, with a total trade of $212B. Between 2021 and 2022 the exports of Machinery Having Individual Functions grew by 46.2%, from $145B to $212B. Trade in Machinery Having Individual Functions represent 0.9% of total world trade.

Machinery Having Individual Functions are a part of Machinery, mechanical appliances, & parts. They include Other Machines & Mechanical Appliances, Parts of machines and mechanical appliances nes, Machines to mix, knead, crush, grind, etc, nes, Machines for public works, building etc, nes, Metal treating machines, electric wire coil-winders, Presses for particle, fibre board, etc manufacture, Rope or cable-making machines, and Machines to process animal or fixed veg fats or oils.

Exports In 2022 the top exporters of Machinery Having Individual Functions  were Japan ($38.5B), United States ($33.1B), Germany ($20.9B), Netherlands ($19.9B), and China ($19.8B).

Imports In 2022 the top importers of Machinery Having Individual Functions were China ($40.8B), United States ($26B), South Korea ($22.1B), Chinese Taipei ($21B), and Singapore ($11.6B).

Ranking Machinery Having Individual Functions ranks 11th in the Product Complexity Index (PCI).

Description Machines and mechanical appliances having individual functions are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, plastic, and wood.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machinery Having Individual Functions. 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 (2022)Japan$38.5B
Top Destination (2022)China$40.8B

In 2022 Machinery Having Individual Functions were the world's 14th most traded product (out of 1,218).

In 2022, the top exporters of Machinery Having Individual Functions were Japan ($38.5B), United States ($33.1B), Germany ($20.9B), Netherlands ($19.9B), and China ($19.8B).

In 2022, the top importers of Machinery Having Individual Functions were China ($40.8B), United States ($26B), South Korea ($22.1B), Chinese Taipei ($21B), and Singapore ($11.6B).

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Exporters of Machinery Having Individual Functions (2022)
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Importers of Machinery Having Individual Functions (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$17.9B
Top Destination Growth (2021 -  2022)South Korea$14.2B

Between 2021 and 2022, the exports of Machinery Having Individual Functions grew the fastest in United States ($17.9B), Japan ($16.4B), Netherlands ($14.1B), Singapore ($7.16B), and China ($2.95B).

Between 2021 and 2022, the fastest growing importers of Machinery Having Individual Functions were South Korea ($14.2B), China ($12.8B), Chinese Taipei ($12.4B), United States ($8.48B), and Singapore ($5.09B).

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Exporters of Machinery Having Individual Functions (2021 - 2022)

Importers of Machinery Having Individual Functions (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machinery Having Individual Functions.

In 2022, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Machinery Having Individual Functions are explained by 15 countries.

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Value of Exports in Machinery Having Individual Functions

Net Trade

TOP NET EXPORTER (2022)Japan$31B
TOP NET IMPORTER (2022)China$21.1B

This map shows which countries export or import more of Machinery Having Individual Functions. Each country is colored based on the difference in exports and imports of Machinery Having Individual Functions during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machinery Having Individual Functions were Japan ($31B), Netherlands ($14.8B), Germany ($12.4B), United States ($7.02B), and Singapore ($3.8B).

In 2022, the countries that had a largest trade value in imports than in exports of Machinery Having Individual Functions were China ($21.1B), Chinese Taipei ($16.2B), South Korea ($8.04B), Ireland ($3.62B), and Vietnam ($2.52B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Machinery Having Individual Functions, disaggragated by their HS6 level were Other Machines & Mechanical Appliances ($141B), Parts of machines and mechanical appliances... ($57.1B), Machines to mix, knead, crush, grind,... ($6.38B), Machines for public works, building etc,... ($3.09B), and Metal treating machines, electric wire coil-winders ($2.44B)

HS6 Disaggregation for Machinery Having Individual Functions (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Machinery Having Individual Functions by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $216M
TOP IMPORT POTENTIALChina+ $147M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $216M.  Machinery Having Individual Functions’s highest import potential is China with an import gap of $147M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Machinery Having Individual Functions.

Country by Relatedness

The following visualization shows the relatedness of Machinery Having Individual Functions to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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