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847920 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.18BRnk 1935 / 4644
2023
Top Exporter | Top Importer $329M | $320MMalaysia | Indonesia
2023
Product Complexity -0.054Rnk 2630 / 4656
2022 - 2023
Export Growth (CAGR) 7.89%Rnk 805 / 4644
2023
Share of World Trade 0.0052%Rnk 1935 / 4644

About

Overview This page contains the latest trade data of Machines to process animal or fixed veg fats or oils. In 2023, Machines to process animal or fixed veg fats or oils were the world's 1935th most traded product, with a total trade of $1.18B. Between 2022 and 2023 the exports of Machines to process animal or fixed veg fats or oils grew by 7.89%, from $1.09B to $1.18B. Trade in Machines to process animal or fixed veg fats or oils represent 0.0052% of total world trade.

Machines to process animal or fixed veg fats or oils are a part of Machinery Having Individual Functions.

Exports In 2023 the top exporters of Machines to process animal or fixed veg fats or oils  were Malaysia ($329M), China ($248M), Italy ($137M), India ($108M), and Belgium ($48.3M).

Imports In 2023 the top importers of Machines to process animal or fixed veg fats or oils were Indonesia ($320M), United States ($46.5M), Nigeria ($42.3M), Angola ($42.2M), and Russia ($35.9M).

Ranking Machines to process animal or fixed veg fats or oils ranks 2630th in the Product Complexity Index (PCI).

Description Protein For protein, machines can grind, shear, chop, grind, knead, or emulsify. Fats Fats are processed through several machines. These machines can be used to extract oil from fats and to churn and process the oil.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machines to process animal or fixed veg fats or oils. 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)Malaysia$329M
Top Destination (2023)Indonesia$320M

In 2023 Machines to process animal or fixed veg fats or oils were the world's 1935th most traded product (out of 4,644).

In 2023, the top exporters of Machines to process animal or fixed veg fats or oils were Malaysia ($329M), China ($248M), Italy ($137M), India ($108M), and Belgium ($48.3M).

In 2023, the top importers of Machines to process animal or fixed veg fats or oils were Indonesia ($320M), United States ($46.5M), Nigeria ($42.3M), Angola ($42.2M), and Russia ($35.9M).

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Exporters of Machines to process animal or fixed veg fats or oils (2023)
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Importers of Machines to process animal or fixed veg fats or oils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$83M
Top Destination Growth (2022 -  2023)Indonesia$88.8M

Between 2022 and 2023, the exports of Machines to process animal or fixed veg fats or oils grew the fastest in Malaysia ($83M), Italy ($23.5M), China ($15.1M), Belgium ($10.2M), and Netherlands ($7.51M).

Between 2022 and 2023, the fastest growing importers of Machines to process animal or fixed veg fats or oils were Indonesia ($88.8M), Angola ($36.4M), Brazil ($14M), Malaysia ($13.6M), and Ethiopia ($12.5M).

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Exporters of Machines to process animal or fixed veg fats or oils (2022 - 2023)

Importers of Machines to process animal or fixed veg fats or oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machines to process animal or fixed veg fats or oils.

In 2023, market concentration measured using Shannon Entropy, was 3.52. This means that most of the exports of Machines to process animal or fixed veg fats or oils are explained by 11 countries.

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Value of Exports in Machines to process animal or fixed veg fats or oils

Net Trade

TOP NET EXPORTER (2023)Malaysia$309M
TOP NET IMPORTER (2023)Indonesia$320M

This map shows which countries export or import more of Machines to process animal or fixed veg fats or oils. Each country is colored based on the difference in exports and imports of Machines to process animal or fixed veg fats or oils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machines to process animal or fixed veg fats or oils were Malaysia ($309M), China ($242M), Italy ($118M), India ($87.1M), and Germany ($34.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Machines to process animal or fixed veg fats or oils were Indonesia ($320M), Angola ($42.2M), Russia ($35.7M), United States ($29.8M), and Cote d'Ivoire ($19.9M).

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 Machines to process animal or fixed veg fats or oils.
It is possible to select the main countries that export or import Machines to process animal or fixed veg fats or oils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machines to process animal or fixed veg fats or oils 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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