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842389 (Harmonized System 1992 for 6-digit)

2023
World Trade $261MRnk 3453 / 4644
2023
Top Exporter | Top Importer $70.5M | $20.2MChina | Canada
2023
Product Complexity -0.27Rnk 2934 / 4656
2022 - 2023
Export Growth (CAGR) 2.87%Rnk 1238 / 4644
2023
Share of World Trade 0.0012%Rnk 3453 / 4644

About

Overview This page contains the latest trade data of Weighing machinery, nes. In 2023, Weighing machinery, nes were the world's 3453rd most traded product, with a total trade of $261M. Between 2022 and 2023 the exports of Weighing machinery, nes grew by 2.87%, from $254M to $261M. Trade in Weighing machinery, nes represent 0.0012% of total world trade.

Weighing machinery, nes are a part of Scales.

Exports In 2023 the top exporters of Weighing machinery, nes  were China ($70.5M), United States ($34.7M), Germany ($14.2M), United Kingdom ($13.7M), and Italy ($13M).

Imports In 2023 the top importers of Weighing machinery, nes were Canada ($20.2M), United States ($15.8M), United Kingdom ($12.2M), Germany ($8.23M), and France ($7.47M).

Ranking Weighing machinery, nes ranks 2934th 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 (2023)China$70.5M
Top Destination (2023)Canada$20.2M

In 2023 Weighing machinery, nes were the world's 3453rd most traded product (out of 4,644).

In 2023, the top exporters of Weighing machinery, nes were China ($70.5M), United States ($34.7M), Germany ($14.2M), United Kingdom ($13.7M), and Italy ($13M).

In 2023, the top importers of Weighing machinery, nes were Canada ($20.2M), United States ($15.8M), United Kingdom ($12.2M), Germany ($8.23M), and France ($7.47M).

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Exporters of Weighing machinery, nes (2023)
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Importers of Weighing machinery, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$3.02M
Top Destination Growth (2022 -  2023)Malaysia$3.71M

Between 2022 and 2023, the exports of Weighing machinery, nes grew the fastest in Japan ($3.02M), United Kingdom ($2.98M), United States ($2.57M), Denmark ($1.44M), and Italy ($1.35M).

Between 2022 and 2023, the fastest growing importers of Weighing machinery, nes were Malaysia ($3.71M), United Kingdom ($2.84M), Canada ($2.83M), Saudi Arabia ($2.76M), and India ($2.41M).

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Exporters of Weighing machinery, nes (2022 - 2023)

Importers of Weighing machinery, nes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Weighing machinery, nes are explained by 20 countries.

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Value of Exports in Weighing machinery, nes

Net Trade

TOP NET EXPORTER (2023)China$66.8M
TOP NET IMPORTER (2023)Canada$14.5M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Weighing machinery, nes were China ($66.8M), United States ($19M), Italy ($10.8M), Turkey ($9.04M), and Japan ($7.26M).

In 2023, the countries that had a largest trade value in imports than in exports of Weighing machinery, nes were Canada ($14.5M), Malaysia ($6.51M), Saudi Arabia ($5.88M), Mexico ($5.21M), and Kazakhstan ($4.29M).

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 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 (2023)

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