Machinery: parts and accessories of the machines of item no. 8470.30. 8470.50 or 8470.90 (other than covers, carrying cases and the like)

In 2024, machinery: parts and accessories of the machines of item no. 8470.30. 8470.50 or 8470.90 (other than covers, carrying cases and the like) trade exhibited slight decline, with global flows reaching $1,416,953,642 and a three-year compound annual growth rate of -0.5% (five-year: +1.3%). The all-time peak of $1,488,823,156 was recorded in 2007; the current level is 5% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-0.8% acceleration).

The World Trade Flows Characterization classifies machinery: parts and accessories of the machines of item no. 8470.30. 8470.50 or 8470.90 (other than covers, carrying cases and the like) as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.245). The three largest exporters — China ($681.0M), Germany ($72.6M), and Vietnam ($65.8M) — collectively dominate supply flows. The leading exporter has grown at +3.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.044). The three largest import markets are United States ($168.1M), Brazil ($102.4M), and Hong Kong ($93.8M). The largest importing market sources from 63 different supplying countries.

Estimated substitution elasticity: -16.73. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Russia at $88.1M, representing 99.6% of the importer's total demand.

The volatility score for machinery: parts and accessories of the machines of item no. 8470.30. 8470.50 or 8470.90 (other than covers, carrying cases and the like) is 1 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.