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847350 (Harmonized System 1996 for 6-digit)

2022
World Trade $951MRnk 2306 / 4769
2022
Top Exporter | Top Importer $238M | $91.7MChina | United States
2022
Product Complexity 0.7Rnk 1330 / 4776
2021 - 2022
Export Growth (CAGR) -21.3%Rnk 4470 / 4769
2022
Share of World Trade 0.004%Rnk 2306 / 4769

About

Overview This page contains the latest trade data of Universal Machine Parts (fitting multiple machine types, excluding cases). In 2022, Universal Machine Parts (fitting multiple machine types, excluding cases) were the world's 2306th most traded product, with a total trade of $951M. Between 2021 and 2022 the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) decreased by -21.3%, from $1.21B to $951M. Trade in Universal Machine Parts (fitting multiple machine types, excluding cases) represent 0.004% 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 2022 the top exporters of Universal Machine Parts (fitting multiple machine types, excluding cases)  were China ($238M), Chinese Taipei ($146M), United States ($116M), Italy ($81.8M), and Germany ($38.4M).

Imports In 2022 the top importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were United States ($91.7M), China ($66.2M), United Kingdom ($55.3M), Chinese Taipei ($53M), and Hong Kong ($49.3M).

Ranking Universal Machine Parts (fitting multiple machine types, excluding cases) ranks 1330th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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.

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Historical Data

Exporters and Importers

Top Origin (2022)China$238M
Top Destination (2022)United States$91.7M

In 2022 Universal Machine Parts (fitting multiple machine types, excluding cases) were the world's 2306th most traded product (out of 4,769).

In 2022, the top exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) were China ($238M), Chinese Taipei ($146M), United States ($116M), Italy ($81.8M), and Germany ($38.4M).

In 2022, the top importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were United States ($91.7M), China ($66.2M), United Kingdom ($55.3M), Chinese Taipei ($53M), and Hong Kong ($49.3M).

Explore Visualizations

Exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) (2022)
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Importers of Universal Machine Parts (fitting multiple machine types, excluding cases) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$47M
Top Destination Growth (2021 -  2022)Chinese Taipei$30.3M

Between 2021 and 2022, the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) grew the fastest in China ($47M), India ($3.06M), South Korea ($2.91M), Poland ($2.35M), and Australia ($2.32M).

Between 2021 and 2022, the fastest growing importers of Universal Machine Parts (fitting multiple machine types, excluding cases) were Chinese Taipei ($30.3M), China ($28.7M), Indonesia ($19.8M), Germany ($7.93M), and Egypt ($4.79M).

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Exporters of Universal Machine Parts (fitting multiple machine types, excluding cases) (2021 - 2022)

Importers of Universal Machine Parts (fitting multiple machine types, excluding cases) (2021 - 2022)

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 2022, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Universal Machine Parts (fitting multiple machine types, excluding cases) are explained by 15 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$172M
TOP NET IMPORTER (2022)United Kingdom$38.6M

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 2022.

In 2022, 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 ($172M), Chinese Taipei ($92.9M), Italy ($53.3M), United States ($23.9M), and Denmark ($14.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Universal Machine Parts (fitting multiple machine types, excluding cases) were United Kingdom ($38.6M), Hong Kong ($27.7M), Indonesia ($26.5M), India ($23.9M), and Japan ($18.3M).

Net Trade (2022)

Country Comparison

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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 (2022)

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