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Pricing

Weighing machines; excluding balances of a sensitivity of 5cg or better, including weight operated counting or checking machines and weights of all kinds

8423 (Harmonized System 1992 for 4-digit)

2022
World Trade $4.88BRnk 567 / 1218
2022
Top Exporter | Top Importer $1.91B | $871MChina | United States
2022
Product Complexity 0.84Rnk 230 / 1033
2021 - 2022
Export Growth (CAGR) -7.48%Rnk 1072 / 1218
2022
Share of World Trade 0.021%Rnk 567 / 1218

About

Overview This page contains the latest trade data of Scales. In 2022, Scales were the world's 567th most traded product, with a total trade of $4.88B. Between 2021 and 2022 the exports of Scales decreased by -7.48%, from $5.27B to $4.88B. Trade in Scales represent 0.021% of total world trade.

Scales are a part of Machinery, mechanical appliances, & parts. They include Weighing machine parts and weights of all kinds, Personal weighing machines, baby & household scales, Weighing machinery having a capacity < 30 kg nes, Constant weight scales, including hopper scales, Weighing machinery having a capacity of 30-5000 kg, Weighing machinery, nes, and Scales for continuous weighing of goods on conveyors.

Exports In 2022 the top exporters of Scales  were China ($1.91B), Germany ($683M), Japan ($297M), United States ($281M), and Netherlands ($174M).

Imports In 2022 the top importers of Scales were United States ($871M), Germany ($296M), Netherlands ($285M), France ($183M), and United Kingdom ($168M).

Ranking Scales ranks 230th in the Product Complexity Index (PCI).

Description Weighing machinery is used to weigh products. It can be used in the production of other goods, such as food and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Scales. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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)China$1.91B
Top Destination (2022)United States$871M

In 2022 Scales were the world's 567th most traded product (out of 1,218).

In 2022, the top exporters of Scales were China ($1.91B), Germany ($683M), Japan ($297M), United States ($281M), and Netherlands ($174M).

In 2022, the top importers of Scales were United States ($871M), Germany ($296M), Netherlands ($285M), France ($183M), and United Kingdom ($168M).

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Exporters of Scales (2022)
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Importers of Scales (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$20M
Top Destination Growth (2021 -  2022)Mexico$37.5M

Between 2021 and 2022, the exports of Scales grew the fastest in United States ($20M), Singapore ($19.2M), Mexico ($17.6M), Indonesia ($8.81M), and South Korea ($8.06M).

Between 2021 and 2022, the fastest growing importers of Scales were Mexico ($37.5M), Pakistan ($9.73M), Indonesia ($8M), Singapore ($7.94M), and Australia ($7.32M).

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Exporters of Scales (2021 - 2022)

Importers of Scales (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Scales.

In 2022, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Scales are explained by 12 countries.

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Value of Exports in Scales

Net Trade

TOP NET EXPORTER (2022)China$1.8B
TOP NET IMPORTER (2022)United States$590M

This map shows which countries export or import more of Scales. Each country is colored based on the difference in exports and imports of Scales during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Scales were China ($1.8B), Germany ($387M), Japan ($183M), Denmark ($65.9M), and Singapore ($26.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Scales were United States ($590M), Canada ($116M), France ($116M), Netherlands ($110M), and Australia ($86M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Scales, disaggragated by their HS6 level were Personal weighing machines, baby & household... ($1.24B), Weighing machine parts and weights of... ($1.03B), Weighing machinery having a capacity <... ($823M), Weighing machinery having a capacity of... ($679M), and Constant weight scales, including hopper scales ($651M)

HS6 Disaggregation for Scales (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Scales.
It is possible to select the main countries that export or import Scales in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Scales by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $29.4M
TOP IMPORT POTENTIALJapan+ $6.46M

Scales’s highest export potential is India. With an export gap of $29.4M.  Scales’s highest import potential is Japan with an import gap of $6.46M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Scales.

Country by Relatedness

The following visualization shows the relatedness of Scales to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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