HS Icon Machinery Having Individual Functions

Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter

8479 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Machinery Having Individual Functions. In 2020, Machinery Having Individual Functions were the world's 17th most traded product, with a total trade of $124B. Between 2019 and 2020 the exports of Machinery Having Individual Functions decreased by -1.01%, from $125B to $124B. Trade in Machinery Having Individual Functions represent 0.74% of total world trade.

Machinery Having Individual Functions are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Machines and mechanical appliances nes, Parts of machines and mechanical appliances nes, Machines to mix, knead, crush, grind, etc, nes, Machines for public works, building etc, nes, Metal treating machines, electric wire coil-winders, Presses for particle, fibre board, etc manufacture, Rope or cable-making machines, and Machines to process animal or fixed veg fats or oils.

Exports In 2020 the top exporters of Machinery Having Individual Functions  were Japan ($19.9B), Germany ($18B), United States ($13.4B), China ($12.6B), and South Korea ($11.4B).

Imports In 2020 the top importers of Machinery Having Individual Functions were China ($24.2B), United States ($14.6B), South Korea ($7.07B), Chinese Taipei ($6.91B), and Germany ($6.21B).

Ranking Machinery Having Individual Functions ranks 10th in the Product Complexity Index (PCI).

Description Machines and mechanical appliances having individual functions are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, plastic, and wood.

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The following visualization shows the latest trends on Machinery Having Individual Functions. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Japan, $19.9B

Top Destination (2020): China, $24.2B

Machinery Having Individual Functions are the world's 17th most traded product.

In 2020, the top exporters of Machinery Having Individual Functions were Japan ($19.9B), Germany ($18B), United States ($13.4B), China ($12.6B), and South Korea ($11.4B).

In 2020, the top importers of Machinery Having Individual Functions were China ($24.2B), United States ($14.6B), South Korea ($7.07B), Chinese Taipei ($6.91B), and Germany ($6.21B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Singapore, $852M

Top Destination Growth (2019 - 2020): South Korea, $1.17B

Between 2019 and 2020, the exports of Machinery Having Individual Functions grew the fastest in Singapore ($852M), China ($790M), Malaysia ($301M), Mexico ($244M), and Chinese Taipei ($176M).

Between 2019 and 2020, the fastest growing importers of Machinery Having Individual Functions were South Korea ($1.17B), Singapore ($582M), United States ($341M), Netherlands ($340M), and China ($304M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Machinery Having Individual Functions.

In 2020,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Machinery Having Individual Functions are explained by 18 countries.

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TOP NET EXPORTER (2020): Japan, $15.4B

TOP NET IMPORTER (2020): China, $11.6B

This map shows which countries export or import more of Machinery Having Individual Functions. Each country is colored based on the difference in exports and imports of Machinery Having Individual Functions during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Machinery Having Individual Functions were Japan ($15.4B), Germany ($11.8B), South Korea ($4.3B), Italy ($3.36B), and Switzerland ($1.4B).

In 2020, the countries that had a largest trade value in imports than in exports of Machinery Having Individual Functions were China ($11.6B), Chinese Taipei ($3.33B), Vietnam ($2.18B), Russia ($1.8B), and Hong Kong ($1.65B).

Disaggregation

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Value

In 2020, the world most traded Machinery Having Individual Functions, disaggragated by their HS6 level were Machines and mechanical appliances nes ($67.5B), Parts of machines and mechanical appliances... ($44.9B), Machines to mix, knead, crush, grind,... ($5.08B), Machines for public works, building etc,... ($2.56B), and Metal treating machines, electric wire coil-winders ($1.73B)

Country Comparison

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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