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842389 (Harmonized System 1992 for 6-digit)

2022
World Trade $253MRnk 3555 / 4648
2022
Top Exporter | Top Importer $70M | $18.3MChina | United States
2022
Product Complexity -0.18Rnk 2783 / 4653
2021 - 2022
Export Growth (CAGR) -2.58%Rnk 3330 / 4648
2022
Share of World Trade 0.0011%Rnk 3555 / 4648

About

Overview This page contains the latest trade data of Weighing machinery, nes. In 2022, Weighing machinery, nes were the world's 3555th most traded product, with a total trade of $253M. Between 2021 and 2022 the exports of Weighing machinery, nes decreased by -2.58%, from $260M to $253M. Trade in Weighing machinery, nes represent 0.0011% of total world trade.

Weighing machinery, nes are a part of Scales.

Exports In 2022 the top exporters of Weighing machinery, nes  were China ($70M), United States ($33.6M), Italy ($12.6M), Germany ($11.8M), and United Kingdom ($11.5M).

Imports In 2022 the top importers of Weighing machinery, nes were United States ($18.3M), Canada ($16.6M), France ($10.4M), United Kingdom ($9.76M), and Australia ($8.12M).

Ranking Weighing machinery, nes ranks 2783rd in the Product Complexity Index (PCI).

Description Weighing machinery is used in a variety of ways. It is common to find a scale at a grocery store, which records the weight of the produce that is being purchased. It is also easy to find an industrial-sized scale in a factory, to measure the weight of raw materials before they are processed.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Weighing 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)China$70M
Top Destination (2022)United States$18.3M

In 2022 Weighing machinery, nes were the world's 3555th most traded product (out of 4,648).

In 2022, the top exporters of Weighing machinery, nes were China ($70M), United States ($33.6M), Italy ($12.6M), Germany ($11.8M), and United Kingdom ($11.5M).

In 2022, the top importers of Weighing machinery, nes were United States ($18.3M), Canada ($16.6M), France ($10.4M), United Kingdom ($9.76M), and Australia ($8.12M).

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Exporters of Weighing machinery, nes (2022)
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Importers of Weighing machinery, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$2.64M
Top Destination Growth (2021 -  2022)United States$5.85M

Between 2021 and 2022, the exports of Weighing machinery, nes grew the fastest in South Korea ($2.64M), Turkey ($2.39M), Spain ($1.97M), Switzerland ($962k), and France ($689k).

Between 2021 and 2022, the fastest growing importers of Weighing machinery, nes were United States ($5.85M), Uzbekistan ($2.71M), Kazakhstan ($2.16M), Turkey ($1.76M), and Japan ($1.42M).

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Exporters of Weighing machinery, nes (2021 - 2022)

Importers of Weighing machinery, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Weighing machinery, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Weighing machinery, nes are explained by 19 countries.

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Value of Exports in Weighing machinery, nes

Net Trade

TOP NET EXPORTER (2022)China$66.2M
TOP NET IMPORTER (2022)Canada$9.96M

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

In 2022, the countries that had a largest trade value in exports than in imports of Weighing machinery, nes were China ($66.2M), United States ($15.3M), Italy ($10.7M), Switzerland ($8.22M), and Germany ($6.51M).

In 2022, the countries that had a largest trade value in imports than in exports of Weighing machinery, nes were Canada ($9.96M), Australia ($6.22M), Indonesia ($5.77M), France ($4.97M), and Mexico ($4.3M).

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 Weighing machinery, nes.
It is possible to select the main countries that export or import Weighing machinery, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Weighing 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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