Overview This page contains the latest trade data of Machines. In 2020, Machines were the world's 1st most traded product, with a total trade of $4.61T. Between 2019 and 2020 the exports of Machines N/A by N/A, from $4.68T to $4.61T. Trade in Machines represent 27.5% of total world trade.

Machines include Integrated Circuits, Computers, Broadcasting Equipment, Office Machine Parts, Telephones, Gas Turbines, Insulated Wire, Machinery Having Individual Functions, Semiconductor Devices, and Low-voltage Protection Equipment, among others.

Exports In 2020 the top exporters of Machines  were China ($1.26T), Germany ($376B), United States ($333B), Chinese Taipei ($243B), and South Korea ($236B).

Imports In 2020 the top importers of Machines were United States ($691B), China ($402B), Hong Kong ($374B), Germany ($292B), and Mexico ($154B).

Tariffs In 2018 the average tariff for Machines was 5.89%, making it the 19th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Machines are Bahamas (32.2%), Bermuda (24.1%), Cayman Islands (21%), and Maldives (20.3%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Japan (0.012%).

Ranking Machines ranks 1st in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Machines. 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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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.