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847920 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.06BRnk 2121 / 4648
2022
Top Exporter | Top Importer $241M | $216MMalaysia | Indonesia
2022
Product Complexity 0.19Rnk 2206 / 4653
2021 - 2022
Export Growth (CAGR) 38.2%Rnk 270 / 4648
2022
Share of World Trade 0.0045%Rnk 2121 / 4648

About

Overview This page contains the latest trade data of Machines to process animal or fixed veg fats or oils. In 2022, Machines to process animal or fixed veg fats or oils were the world's 2121st most traded product, with a total trade of $1.06B. Between 2021 and 2022 the exports of Machines to process animal or fixed veg fats or oils grew by 38.2%, from $770M to $1.06B. Trade in Machines to process animal or fixed veg fats or oils represent 0.0045% of total world trade.

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

Exports In 2022 the top exporters of Machines to process animal or fixed veg fats or oils  were Malaysia ($241M), China ($216M), Italy ($125M), India ($106M), and Germany ($50.6M).

Imports In 2022 the top importers of Machines to process animal or fixed veg fats or oils were Indonesia ($216M), Russia ($58M), Uzbekistan ($41.9M), United States ($39.1M), and Nigeria ($38.5M).

Ranking Machines to process animal or fixed veg fats or oils ranks 2206th 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 (2022)Malaysia$241M
Top Destination (2022)Indonesia$216M

In 2022 Machines to process animal or fixed veg fats or oils were the world's 2121st most traded product (out of 4,648).

In 2022, the top exporters of Machines to process animal or fixed veg fats or oils were Malaysia ($241M), China ($216M), Italy ($125M), India ($106M), and Germany ($50.6M).

In 2022, the top importers of Machines to process animal or fixed veg fats or oils were Indonesia ($216M), Russia ($58M), Uzbekistan ($41.9M), United States ($39.1M), and Nigeria ($38.5M).

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Exporters of Machines to process animal or fixed veg fats or oils (2022)
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Importers of Machines to process animal or fixed veg fats or oils (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Malaysia$114M
Top Destination Growth (2021 -  2022)Indonesia$116M

Between 2021 and 2022, the exports of Machines to process animal or fixed veg fats or oils grew the fastest in Malaysia ($114M), China ($68.7M), India ($39.2M), Singapore ($15.7M), and Germany ($9.85M).

Between 2021 and 2022, the fastest growing importers of Machines to process animal or fixed veg fats or oils were Indonesia ($116M), Iraq ($22.5M), United States ($14.8M), India ($12.4M), and Uzbekistan ($11.6M).

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Exporters of Machines to process animal or fixed veg fats or oils (2021 - 2022)

Importers of Machines to process animal or fixed veg fats or oils (2021 - 2022)

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 2022, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Machines to process animal or fixed veg fats or oils are explained by 13 countries.

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

Net Trade

TOP NET EXPORTER (2022)Malaysia$235M
TOP NET IMPORTER (2022)Indonesia$215M

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 2022.

In 2022, 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 ($235M), China ($207M), Italy ($117M), India ($84M), and Germany ($39.6M).

In 2022, 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 ($215M), Russia ($57.4M), Uzbekistan ($40.4M), Mexico ($19.2M), and Kazakhstan ($16.2M).

Net Trade (2022)

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 (2022)

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