NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

847350 (Harmonized System 1996 for 6-digit)

2023
World Trade $675MRnk 2596 / 4766
2023
Top Exporter | Top Importer $174M | $75.8MChina | United States
2023
Product Complexity 0.74Rnk 1262 / 4780
2022 - 2023
Export Growth (CAGR) -15.9%Rnk 3414 / 4766
2023
Share of World Trade 0.003%Rnk 2596 / 4766

About

Overview This page contains the latest trade data of Universal Machine Parts (fitting multiple machine types, excluding cases). In 2023, Universal Machine Parts (fitting multiple machine types, excluding cases) were the world's 2596th most traded product, with a total trade of $675M. Between 2022 and 2023 the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) decreased by -15.9%, from $802M to $675M. Trade in Universal Machine Parts (fitting multiple machine types, excluding cases) represent 0.003% of total world trade.

Universal Machine Parts (fitting multiple machine types, excluding cases) are a part of Machinery; parts and accessories (other than covers, carrying cases and the like)....

Exports In 2023 the top exporters of Universal Machine Parts (fitting multiple machine types, excluding cases)  were China ($174M), United States ($66.3M), Chinese Taipei ($64.5M), Italy ($49.5M), and Germany ($40.1M).

Imports In 2023 the top importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were United States ($75.8M), United Kingdom ($37.7M), China ($33.9M), Netherlands ($32.5M), and Chinese Taipei ($31.4M).

Ranking Universal Machine Parts (fitting multiple machine types, excluding cases) ranks 1262nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Universal Machine Parts (fitting multiple machine types, excluding cases). 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$174M
Top Destination (2023)United States$75.8M

In 2023 Universal Machine Parts (fitting multiple machine types, excluding cases) were the world's 2596th most traded product (out of 4,766).

In 2023, the top exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) were China ($174M), United States ($66.3M), Chinese Taipei ($64.5M), Italy ($49.5M), and Germany ($40.1M).

In 2023, the top importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were United States ($75.8M), United Kingdom ($37.7M), China ($33.9M), Netherlands ($32.5M), and Chinese Taipei ($31.4M).

Explore Visualizations

Exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) (2023)
[Click to Select a Country]

Importers of Universal Machine Parts (fitting multiple machine types, excluding cases) (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$14.1M
Top Destination Growth (2022 -  2023)Japan$5.72M

Between 2022 and 2023, the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) grew the fastest in United States ($14.1M), United Kingdom ($5.55M), Sweden ($3.38M), Italy ($3.08M), and India ($2.86M).

Between 2022 and 2023, the fastest growing importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were Japan ($5.72M), United Arab Emirates ($4.65M), Philippines ($3.82M), Saudi Arabia ($3.5M), and Australia ($2.72M).

Explore Visualizations

Exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) (2022 - 2023)

Importers of Universal Machine Parts (fitting multiple machine types, excluding cases) (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Universal Machine Parts (fitting multiple machine types, excluding cases).

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) are explained by 19 countries.

Explore Visualizations

Value of Exports in Universal Machine Parts (fitting multiple machine types, excluding cases)

Net Trade

TOP NET EXPORTER (2023)China$141M
TOP NET IMPORTER (2023)India$21.7M

This map shows which countries export or import more of Universal Machine Parts (fitting multiple machine types, excluding cases). Each country is colored based on the difference in exports and imports of Universal Machine Parts (fitting multiple machine types, excluding cases) during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Universal Machine Parts (fitting multiple machine types, excluding cases) were China ($141M), Chinese Taipei ($33.2M), Italy ($25.3M), Japan ($21M), and Germany ($16.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Universal Machine Parts (fitting multiple machine types, excluding cases) were India ($21.7M), United Kingdom ($19.8M), Indonesia ($16.7M), South Korea ($13.9M), and Netherlands ($12.6M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Universal Machine Parts (fitting multiple machine types, excluding cases).
It is possible to select the main countries that export or import Universal Machine Parts (fitting multiple machine types, excluding cases) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Universal Machine Parts (fitting multiple machine types, excluding cases) 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms