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Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

84 (Harmonized System 1992 for 2-digit)

2022
World Trade $2.55TRnk 3 / 96
2022
Top Exporter | Top Importer $625B | $467BChina | United States
2022
Product Complexity 1.89Rnk 3 / 96
2021 - 2022
Export Growth (CAGR) 5.16%Rnk 50 / 96
2022
Share of World Trade 10.8%Rnk 3 / 96

About

Overview This page contains the latest trade data of Machinery, mechanical appliances, & parts. In 2022, Machinery, mechanical appliances, & parts were the world's 3rd most traded product, with a total trade of $2.55T. Between 2021 and 2022 the exports of Machinery, mechanical appliances, & parts grew by 5.16%, from $2.43T to $2.55T. Trade in Machinery, mechanical appliances, & parts represent 10.8% of total world trade.

Machinery, mechanical appliances, & parts are a part of Machines. They include Computers, Office Machine Parts, Gas Turbines, Machinery Having Individual Functions, Valves, Air Pumps, Industrial Printers, Engine Parts, Excavation Machinery, and Liquid Pumps, among others.

Exports In 2022 the top exporters of Machinery, mechanical appliances, & parts  were China ($625B), Germany ($251B), United States ($240B), Japan ($148B), and Italy ($105B).

Imports In 2022 the top importers of Machinery, mechanical appliances, & parts were United States ($467B), Germany ($169B), China ($164B), Mexico ($86.1B), and Netherlands ($84.3B).

Ranking Machinery, mechanical appliances, & parts ranks 3rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Machinery, mechanical appliances, & parts. 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)China$625B
Top Destination (2022)United States$467B

In 2022 Machinery, mechanical appliances, & parts were the world's 3rd most traded product (out of 96).

In 2022, the top exporters of Machinery, mechanical appliances, & parts were China ($625B), Germany ($251B), United States ($240B), Japan ($148B), and Italy ($105B).

In 2022, the top importers of Machinery, mechanical appliances, & parts were United States ($467B), Germany ($169B), China ($164B), Mexico ($86.1B), and Netherlands ($84.3B).

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Exporters of Machinery, mechanical appliances, & parts (2022)
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Importers of Machinery, mechanical appliances, & parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$38.3B
Top Destination Growth (2021 -  2022)United States$44B

Between 2021 and 2022, the exports of Machinery, mechanical appliances, & parts grew the fastest in United States ($38.3B), Mexico ($16.3B), Japan ($13.8B), China ($10.7B), and Singapore ($9.1B).

Between 2021 and 2022, the fastest growing importers of Machinery, mechanical appliances, & parts were United States ($44B), South Korea ($14.1B), Chinese Taipei ($13.2B), Mexico ($10.9B), and Canada ($9.15B).

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Exporters of Machinery, mechanical appliances, & parts (2021 - 2022)

Importers of Machinery, mechanical appliances, & parts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machinery, mechanical appliances, & parts.

In 2022, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Machinery, mechanical appliances, & parts are explained by 21 countries.

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Value of Exports in Machinery, mechanical appliances, & parts

Net Trade

TOP NET EXPORTER (2022)China$461B
TOP NET IMPORTER (2022)United States$226B

This map shows which countries export or import more of Machinery, mechanical appliances, & parts. Each country is colored based on the difference in exports and imports of Machinery, mechanical appliances, & parts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Machinery, mechanical appliances, & parts were China ($461B), Germany ($82B), Japan ($81.1B), Italy ($48.8B), and Chinese Taipei ($20.3B).

In 2022, the countries that had a largest trade value in imports than in exports of Machinery, mechanical appliances, & parts were United States ($226B), Hong Kong ($50.1B), Canada ($37.3B), Australia ($34.1B), and Russia ($31.1B).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Machinery, mechanical appliances, & parts, disaggragated by their HS6 level were Computers ($357B), Office Machine Parts ($299B), Machinery Having Individual Functions ($212B), Gas Turbines ($150B), and Valves ($106B)

HS6 Disaggregation for Machinery, mechanical appliances, & parts (2022)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Machinery, mechanical appliances, & parts by percentage of total exports

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $13.8B
TOP IMPORT POTENTIALUnited States+ $3.55B

Machinery, mechanical appliances, & parts’s highest export potential is India. With an export gap of $13.8B.  Machinery, mechanical appliances, & parts’s highest import potential is United States with an import gap of $3.55B.

See methodology.

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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)

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