# Machinery (HS4 8431) Trade Overview | Yugalinks

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Machinery at HS4 8431, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/8431

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## Answer

The machinery subsector recorded $68.5B in reported global trade in 2024, with -4.1% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $68.5B |
| Latest annual change | -4.1% |
| Active exporters | 200 |
| Active importers | 200 |
| Active HS6 products | 8 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $17.2B | 5,234 | 8 |
| 1996 | $18.8B | 5,473 | 8 |
| 1997 | $19.8B | 5,473 | 8 |
| 1998 | $20.9B | 5,780 | 8 |
| 1999 | $20.3B | 6,267 | 8 |
| 2000 | $21.1B | 6,929 | 8 |
| 2001 | $22.4B | 7,309 | 8 |
| 2002 | $23.9B | 7,607 | 8 |
| 2003 | $27.3B | 7,866 | 8 |
| 2004 | $34.0B | 8,106 | 8 |
| 2005 | $42.5B | 8,485 | 8 |
| 2006 | $49.5B | 8,848 | 8 |
| 2007 | $63.7B | 9,284 | 8 |
| 2008 | $73.1B | 9,601 | 8 |
| 2009 | $52.5B | 9,726 | 8 |
| 2010 | $57.6B | 9,950 | 8 |
| 2011 | $69.1B | 10,421 | 8 |
| 2012 | $71.1B | 10,732 | 8 |
| 2013 | $67.4B | 10,853 | 8 |
| 2014 | $67.2B | 11,225 | 8 |
| 2015 | $57.0B | 11,222 | 8 |
| 2016 | $49.2B | 11,200 | 8 |
| 2017 | $53.7B | 11,513 | 8 |
| 2018 | $60.3B | 11,669 | 8 |
| 2019 | $59.5B | 11,760 | 8 |
| 2020 | $50.2B | 11,156 | 8 |
| 2021 | $61.8B | 11,395 | 8 |
| 2022 | $68.6B | 11,456 | 8 |
| 2023 | $71.7B | 11,732 | 8 |
| 2024 | $68.5B | 11,578 | 8 |

## Leading corridors

- China to USA, Puerto Rico and US Virgin Islands: $2.0B; growth +1.3%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $1.8B; growth +6.2%.
- Canada to USA, Puerto Rico and US Virgin Islands: $1.7B; growth +5.4%.
- USA, Puerto Rico and US Virgin Islands to Canada: $1.5B; growth -0.1%.
- China to Japan: $1.4B; growth -5.3%.
- China to Russia: $1.0B; growth +50.4%.
- United Arab Emirates to Saudi Arabia: $923.6M; growth +80.2%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $829.6M; growth +12.4%.
- China to India: $789.3M; growth +14.6%.
- China to Saudi Arabia: $665.4M; growth +94%.

## HS6 products

- Machinery: parts of the machinery of heading no. 8425 (HS6 843110)
- Machinery: parts of the machinery of heading no. 8427 (HS6 843120)
- Lifts, skip hoists or escalators: parts thereof (HS6 843131)
- Machinery: parts of the machinery of heading no. 8428, (other than lifts, skip hoists or escalators) (HS6 843139)
- Machinery parts: buckets, shovels, grabs and grips, for the machinery of heading no. 8426 and 8430 (HS6 843141)
- Machinery parts: bulldozer or angledozer blades (HS6 843142)
- Boring or sinking machinery: parts of the machinery of item no. 8430.41 or 8430.41 (HS6 843143)
- Machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431 (HS6 843149)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.