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842240 (Harmonized System 1992 for 6-digit)

2022
World Trade $8.94BRnk 455 / 4648
2022
Top Exporter | Top Importer $2.47B | $1.71BItaly | United States
2022
Product Complexity 0.7Rnk 1289 / 4653
2021 - 2022
Export Growth (CAGR) -10.6%Rnk 3993 / 4648
2022
Share of World Trade 0.038%Rnk 455 / 4648

About

Overview This page contains the latest trade data of Packing or wrapping machinery nes. In 2022, Packing or wrapping machinery nes were the world's 455th most traded product, with a total trade of $8.94B. Between 2021 and 2022 the exports of Packing or wrapping machinery nes decreased by -10.6%, from $10B to $8.94B. Trade in Packing or wrapping machinery nes represent 0.038% of total world trade.

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

Exports In 2022 the top exporters of Packing or wrapping machinery nes  were Italy ($2.47B), Germany ($1.63B), China ($728M), Netherlands ($453M), and Switzerland ($381M).

Imports In 2022 the top importers of Packing or wrapping machinery nes were United States ($1.71B), China ($495M), France ($399M), Germany ($391M), and United Kingdom ($296M).

Ranking Packing or wrapping machinery nes ranks 1289th 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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Y-AXIS SCALE

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 (2022)Italy$2.47B
Top Destination (2022)United States$1.71B

In 2022 Packing or wrapping machinery nes were the world's 455th most traded product (out of 4,648).

In 2022, the top exporters of Packing or wrapping machinery nes were Italy ($2.47B), Germany ($1.63B), China ($728M), Netherlands ($453M), and Switzerland ($381M).

In 2022, the top importers of Packing or wrapping machinery nes were United States ($1.71B), China ($495M), France ($399M), Germany ($391M), and United Kingdom ($296M).

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Exporters of Packing or wrapping machinery nes (2022)
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Importers of Packing or wrapping machinery nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Kyrgyzstan$27.8M
Top Destination Growth (2021 -  2022)Brazil$37.2M

Between 2021 and 2022, the exports of Packing or wrapping machinery nes grew the fastest in Kyrgyzstan ($27.8M), Indonesia ($11.1M), India ($10M), Chinese Taipei ($7.89M), and Russia ($7.48M).

Between 2021 and 2022, the fastest growing importers of Packing or wrapping machinery nes were Brazil ($37.2M), Kazakhstan ($33.9M), Mexico ($30M), Uzbekistan ($20.7M), and Indonesia ($20.1M).

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Exporters of Packing or wrapping machinery nes (2021 - 2022)

Importers of Packing or wrapping machinery nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.98. 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 (2022)Italy$2.32B
TOP NET IMPORTER (2022)United States$1.47B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Packing or wrapping machinery nes were Italy ($2.32B), Germany ($1.24B), Netherlands ($302M), Japan ($251M), and Switzerland ($237M).

In 2022, the countries that had a largest trade value in imports than in exports of Packing or wrapping machinery nes were United States ($1.47B), Mexico ($261M), Poland ($219M), Russia ($214M), and France ($199M).

Net Trade (2022)

Country Comparison

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Measure
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 (2022)

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