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847990 (Harmonized System 1992 for 6-digit)

2023
World Trade $54.3BRnk 54 / 4644
2023
Top Exporter | Top Importer $10.3B | $7.69BUnited States | United States
2023
Product Complexity 2.02Rnk 16 / 4656
2022 - 2023
Export Growth (CAGR) -6.72%Rnk 2311 / 4644
2023
Share of World Trade 0.24%Rnk 54 / 4644

About

Overview This page contains the latest trade data of Parts of machines and mechanical appliances nes. In 2023, Parts of machines and mechanical appliances nes were the world's 54th most traded product, with a total trade of $54.3B. Between 2022 and 2023 the exports of Parts of machines and mechanical appliances nes decreased by -6.72%, from $58.2B to $54.3B. Trade in Parts of machines and mechanical appliances nes represent 0.24% of total world trade.

Parts of machines and mechanical appliances nes are a part of Machinery Having Individual Functions.

Exports In 2023 the top exporters of Parts of machines and mechanical appliances nes  were United States ($10.3B), Japan ($6.74B), Germany ($6.46B), China ($5.46B), and Netherlands ($4.1B).

Imports In 2023 the top importers of Parts of machines and mechanical appliances nes were United States ($7.69B), China ($5.61B), Chinese Taipei ($4.89B), South Korea ($4.54B), and Singapore ($4.33B).

Ranking Parts of machines and mechanical appliances nes ranks 16th in the Product Complexity Index (PCI).

Description Many machines and appliances have moving parts that are used to perform a specific task. For example, in a blender, the blades mix the food. In a dishwasher, the spray arm cleans the dishes.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of machines and mechanical appliances 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)United States$10.3B
Top Destination (2023)United States$7.69B

In 2023 Parts of machines and mechanical appliances nes were the world's 54th most traded product (out of 4,644).

In 2023, the top exporters of Parts of machines and mechanical appliances nes were United States ($10.3B), Japan ($6.74B), Germany ($6.46B), China ($5.46B), and Netherlands ($4.1B).

In 2023, the top importers of Parts of machines and mechanical appliances nes were United States ($7.69B), China ($5.61B), Chinese Taipei ($4.89B), South Korea ($4.54B), and Singapore ($4.33B).

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Exporters of Parts of machines and mechanical appliances nes (2023)
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Importers of Parts of machines and mechanical appliances nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$493M
Top Destination Growth (2022 -  2023)Netherlands$198M

Between 2022 and 2023, the exports of Parts of machines and mechanical appliances nes grew the fastest in Germany ($493M), Netherlands ($388M), Austria ($107M), Italy ($91.9M), and Slovakia ($77.5M).

Between 2022 and 2023, the fastest growing importers of Parts of machines and mechanical appliances nes were Netherlands ($198M), Austria ($185M), India ($158M), Czechia ($133M), and Italy ($120M).

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Exporters of Parts of machines and mechanical appliances nes (2022 - 2023)

Importers of Parts of machines and mechanical appliances nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of machines and mechanical appliances nes.

In 2023, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Parts of machines and mechanical appliances nes are explained by 17 countries.

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Value of Exports in Parts of machines and mechanical appliances nes

Net Trade

TOP NET EXPORTER (2023)Japan$4B
TOP NET IMPORTER (2023)Chinese Taipei$2.96B

This map shows which countries export or import more of Parts of machines and mechanical appliances nes. Each country is colored based on the difference in exports and imports of Parts of machines and mechanical appliances nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of machines and mechanical appliances nes were Japan ($4B), Germany ($3.3B), United States ($2.58B), Netherlands ($724M), and Italy ($705M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of machines and mechanical appliances nes were Chinese Taipei ($2.96B), Singapore ($2.11B), South Korea ($1.35B), Ireland ($599M), and Hong Kong ($507M).

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 Parts of machines and mechanical appliances nes.
It is possible to select the main countries that export or import Parts of machines and mechanical appliances nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of machines and mechanical appliances 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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