{ "pageType": "HS4 subsector trade overview", "source": "api", "title": "Machines (HS4 8437) Trade Overview | Yugalinks", "description": "Review reported global trade for machines at HS4 8437, including scale, trend, corridors, countries, and the HS6 products within this subsector.", "canonical": "https://www.yugalinks.com/trade/sector/hs4/8437", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks", "sameAs": [ "https://in.linkedin.com/company/yugalinks" ] }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-27", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-27" } ] }, "links": { "html": "https://www.yugalinks.com/trade/sector/hs4/8437/index.html", "markdown": "https://www.yugalinks.com/trade/sector/hs4/8437/index.md", "json": "https://www.yugalinks.com/trade/sector/hs4/8437/index.json", "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/8437/index.ld.json", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "internalLinks": { "workspace": "https://www.yugalinks.com/app", "platform": "https://www.yugalinks.com/platform", "methodology": "https://www.yugalinks.com/methodology", "dataSources": "https://www.yugalinks.com/data-sources", "dataCoverage": "https://www.yugalinks.com/data-coverage", "responsibleAi": "https://www.yugalinks.com/responsible-ai" }, "subsector": { "hs4": "8437", "name": "Machines" }, "coverage": { "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "refreshedAt": "2026-07-20 09:34:09" }, "answer": "The machines subsector recorded $2.4B in reported global trade in 2024, with +3.9% annual change.", "keyFigures": { "latestTradeUsd": 2392823584.422537, "latestAnnualChangePct": 3.895907139359755, "activeExporters": 167, "activeImporters": 191, "activeHs6Products": 3 }, "growthAndStructure": { "trendLabel": "Stable", "tradeCagr3yPct": 2.9837534484193684, "tradeCagr5yPct": 2.6668381840427857, "historicalPeakUsd": 2444823455.644816, "historicalPeakYear": 2014, "positiveGrowthYearSharePct": 68.96551724137932, "exporterConcentrationHhi": 1385.5133714124722, "importerConcentrationHhi": 264.5821317970311, "tradeVolatilityCv": 0.3790465326854088 }, "annualRows": [ { "year": 1995, "hs4": 8437, 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"country_iso3": "USA", "hs4": 8437, "exports_usd": 122681966.9321515, "imports_usd": 136473494.966625, "trade_balance_usd": -13791528.034473509, "export_partner_count": 132, "import_partner_count": 62, "active_hs6_count": 3, "country_name": "USA, Puerto Rico and US Virgin Islands" }, { "year": 2024, "country_iso3": "IND", "hs4": 8437, "exports_usd": 97315025.39383204, "imports_usd": 182921543.27885243, "trade_balance_usd": -85606517.88502039, "export_partner_count": 135, "import_partner_count": 48, "active_hs6_count": 3, "country_name": "India" }, { "year": 2024, "country_iso3": "GBR", "hs4": 8437, "exports_usd": 65881130.365943745, "imports_usd": 39955761.31222425, "trade_balance_usd": 25925369.0537195, "export_partner_count": 122, "import_partner_count": 47, "active_hs6_count": 3, "country_name": "United Kingdom" }, { "year": 2024, "country_iso3": "DNK", "hs4": 8437, "exports_usd": 60090895.5420889, "imports_usd": 6507342.295956962, "trade_balance_usd": 53583553.24613194, "export_partner_count": 95, "import_partner_count": 40, "active_hs6_count": 3, "country_name": "Denmark" }, { "year": 2024, "country_iso3": "ESP", "hs4": 8437, "exports_usd": 54824334.00550339, "imports_usd": 38010516.276619785, "trade_balance_usd": 16813817.72888361, "export_partner_count": 121, "import_partner_count": 48, "active_hs6_count": 3, "country_name": "Spain" } ], "importers": [ { "year": 2024, "country_iso3": "IND", "hs4": 8437, "exports_usd": 97315025.39383204, "imports_usd": 182921543.27885243, "trade_balance_usd": -85606517.88502039, "export_partner_count": 135, "import_partner_count": 48, "active_hs6_count": 3, "country_name": "India" }, { "year": 2024, "country_iso3": "USA", "hs4": 8437, "exports_usd": 122681966.9321515, "imports_usd": 136473494.966625, "trade_balance_usd": -13791528.034473509, "export_partner_count": 132, "import_partner_count": 62, "active_hs6_count": 3, "country_name": "USA, Puerto Rico and US Virgin Islands" }, { "year": 2024, "country_iso3": "RUS", "hs4": 8437, "exports_usd": 6710423.65055292, "imports_usd": 125242355.38253278, "trade_balance_usd": -118531931.73197986, "export_partner_count": 18, "import_partner_count": 31, "active_hs6_count": 3, "country_name": "Russia" }, { "year": 2024, "country_iso3": "NGA", "hs4": 8437, "exports_usd": 666495.4634832556, "imports_usd": 73495511.26601176, "trade_balance_usd": -72829015.8025285, "export_partner_count": 10, "import_partner_count": 42, "active_hs6_count": 3, "country_name": "Nigeria" }, { "year": 2024, "country_iso3": "DEU", "hs4": 8437, "exports_usd": 175378462.67000067, "imports_usd": 68652114.99369544, "trade_balance_usd": 106726347.67630523, "export_partner_count": 144, "import_partner_count": 57, "active_hs6_count": 3, "country_name": "Germany" }, { "year": 2024, "country_iso3": "CAN", "hs4": 8437, "exports_usd": 20870910.326799892, "imports_usd": 67066622.55479416, "trade_balance_usd": -46195712.22799427, "export_partner_count": 51, "import_partner_count": 44, "active_hs6_count": 3, "country_name": "Canada" }, { "year": 2024, "country_iso3": "MEX", "hs4": 8437, "exports_usd": 3736996.3205485586, "imports_usd": 64125035.64020226, "trade_balance_usd": -60388039.319653705, "export_partner_count": 42, "import_partner_count": 67, "active_hs6_count": 3, "country_name": "Mexico" }, { "year": 2024, "country_iso3": "BRA", "hs4": 8437, "exports_usd": 38569335.2391576, "imports_usd": 55085724.25399298, "trade_balance_usd": -16516389.01483538, "export_partner_count": 90, "import_partner_count": 43, "active_hs6_count": 3, "country_name": "Brazil" }, { "year": 2024, "country_iso3": "IDN", "hs4": 8437, "exports_usd": 1164982.6185381338, "imports_usd": 47250675.05569844, "trade_balance_usd": -46085692.437160306, "export_partner_count": 34, "import_partner_count": 40, "active_hs6_count": 3, "country_name": "Indonesia" }, { "year": 2024, "country_iso3": "CHE", "hs4": 8437, "exports_usd": 138190712.60740903, "imports_usd": 44709789.314826846, "trade_balance_usd": 93480923.29258218, "export_partner_count": 141, "import_partner_count": 39, "active_hs6_count": 3, "country_name": "Switzerland, Liechtenstein" } ], "products": [ { "hs_code": "843710", "product_name": "Machines: for cleaning, sorting or grading seed, grain or dried leguminous vegetables" }, { "hs_code": "843780", "product_name": "Machinery: for use in the milling industry or for the working of cereals or dried leguminous vegetables, other than farm-type machinery" }, { "hs_code": "843790", "product_name": "Machines: parts of those for cleaning, sorting or grading seed, grain or dried leguminous vegetables or for milling or working cereals or dried leguminous vegetables (not farm-type machinery)" } ], "methodology": { "reportedValues": "Merchandise trade observations aggregated to HS4.", "calculatedIndicators": "Growth, concentration, volatility, and peak comparisons calculated from reported observations.", "missingData": "Missing values remain unavailable and are not imputed." } }