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842240 (Harmonized System 1992 for 6-digit)

2023
World Trade $9.13BRnk 401 / 4644
2023
Top Exporter | Top Importer $2.51B | $1.74BItaly | United States
2023
Product Complexity 0.7Rnk 1282 / 4656
2022 - 2023
Export Growth (CAGR) 8.82%Rnk 753 / 4644
2023
Share of World Trade 0.04%Rnk 401 / 4644

About

Overview This page contains the latest trade data of Packing or wrapping machinery nes. In 2023, Packing or wrapping machinery nes were the world's 401st most traded product, with a total trade of $9.13B. Between 2022 and 2023 the exports of Packing or wrapping machinery nes grew by 8.82%, from $8.39B to $9.13B. Trade in Packing or wrapping machinery nes represent 0.04% of total world trade.

Packing or wrapping machinery nes are a part of Washing and Bottling Machines.

Exports In 2023 the top exporters of Packing or wrapping machinery nes  were Italy ($2.51B), Germany ($1.68B), China ($752M), Switzerland ($453M), and Netherlands ($413M).

Imports In 2023 the top importers of Packing or wrapping machinery nes were United States ($1.74B), China ($417M), United Kingdom ($398M), Germany ($364M), and Mexico ($345M).

Ranking Packing or wrapping machinery nes ranks 1282nd in the Product Complexity Index (PCI).

Description Packing or wrapping machinery is used for the packaging of products, which is an essential part of the manufacturing process. This equipment is used for a variety of reasons, such as to protect the product from damage, to keep the product clean, to allow the product to be stacked efficiently, or to make the packaging easier to transport.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Packing or wrapping machinery nes. 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)Italy$2.51B
Top Destination (2023)United States$1.74B

In 2023 Packing or wrapping machinery nes were the world's 401st most traded product (out of 4,644).

In 2023, the top exporters of Packing or wrapping machinery nes were Italy ($2.51B), Germany ($1.68B), China ($752M), Switzerland ($453M), and Netherlands ($413M).

In 2023, the top importers of Packing or wrapping machinery nes were United States ($1.74B), China ($417M), United Kingdom ($398M), Germany ($364M), and Mexico ($345M).

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Exporters of Packing or wrapping machinery nes (2023)
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Importers of Packing or wrapping machinery nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$436M
Top Destination Growth (2022 -  2023)United Kingdom$121M

Between 2022 and 2023, the exports of Packing or wrapping machinery nes grew the fastest in Italy ($436M), Germany ($181M), Switzerland ($86.2M), France ($66.5M), and Canada ($66.3M).

Between 2022 and 2023, the fastest growing importers of Packing or wrapping machinery nes were United Kingdom ($121M), United States ($115M), Mexico ($92.8M), India ($87.3M), and Russia ($81.1M).

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Exporters of Packing or wrapping machinery nes (2022 - 2023)

Importers of Packing or wrapping machinery nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Packing or wrapping machinery nes.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Packing or wrapping machinery nes are explained by 15 countries.

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Value of Exports in Packing or wrapping machinery nes

Net Trade

TOP NET EXPORTER (2023)Italy$2.36B
TOP NET IMPORTER (2023)United States$1.44B

This map shows which countries export or import more of Packing or wrapping machinery nes. Each country is colored based on the difference in exports and imports of Packing or wrapping machinery nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Packing or wrapping machinery nes were Italy ($2.36B), Germany ($1.32B), China ($335M), Switzerland ($286M), and Netherlands ($266M).

In 2023, the countries that had a largest trade value in imports than in exports of Packing or wrapping machinery nes were United States ($1.44B), Mexico ($337M), Russia ($316M), United Kingdom ($286M), and Indonesia ($203M).

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 Packing or wrapping machinery nes.
It is possible to select the main countries that export or import Packing or wrapping machinery nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Packing or wrapping machinery nes 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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