America's Top 10 Other Machinery Export Regions & Countries, By 2021-25? Blog-82
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By Dr. Lade Vedkumar.
World wide other machinery exports will rise from 184.9 billion dollars to 253.3 billion dollars.
America's other machinery exports will increase from 20.2 billion dollars to 24.7 billion dollars.
Very impressive export prospects are going to expand in these regions by 2021-25.
These are the average export values of 2021 and prospects by 2025.
East Asia:
2021-10.9 billion dollars,
2025-11.4 billion dollars.
Latin America:
2021-2.5 billion dollars,
2025-3.6 billion dollars.
EU & West Europe:
2021-2.4 billion dollars,
2025-3.3 billion dollars.
ASEAN:
2021-1.3 billion dollars,
2025-1.7 billion dollars.
North America:
2021-1.5 billion dollars,
2025-1.5 billion dollars.
Middle East:
2021-744.2 million dollars,
2025-1.1 billion dollars.
South Asia:
2021-162.9 million dollars,
2025-635.3 million dollars.
Pacific:
2021-237.0 million dollars,
2025-362.7 million dollars.
East Europe & Central Asia:
2021-248.3 million dollars,
2025-349.6 million dollars.
Northern Africa:
2021-81.9 million dollars,
2025-175.7 million dollars.
Important conclusion:
Best results can be found in countries having larger absolute difference between 2021's exports and prospects by 2025. It will create the space to earn additional export.
America's other machinery export to top three regions are East Asia, Latin America and EU & West Europe. East Asia shows the largest absolute difference between prospects and exports in value terms, leaving room to earn additional exports.
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America's Top 10 Other Machinery Export Countries, By 2021-25?
China:
2021-3.5 billion dollars,
2025-4.8 billion dollars.
Taiwan:
2021-2.4 billion dollars,
2025-2.7 billion dollars.
South Korea:
2021-3.2 billion dollars,
2025-2.6 billion dollars.
Mexico:
2021-2.0 billion dollars,
2025-2.4 billion dollars.
Canada:
2021-1.5 billion dollars,
2025-1.5 billion dollars.
Japan:
2021-1.7 billion dollars,
2025-1.2 billion dollars.
Germany:
2021-615.6 million dollars,
2025-918.6 million dollars.
India:
2021-142.6 million dollars,
2025-553.4 million dollars.
Singapore:
2021-908.7 million dollars,
2025-532.5 million dollars.
Israel:
2021-294.0 million dollars,
2025-493.3 million dollars.
Important conclusion:
America:s Top three other machinery export countries are China, Taipei, Chinese and Korea, Republic of. China shows the largest absolute difference between prospects and exports in value terms, leaving room to realize additional exports.
Other Machinery Top 10 Exporting Countries, By 2021-25
Japan:
2021-32.1 billion dollars,
2025-59.6 billion dollars.
Germany:
2021-25.7 billion dollars,
2025-31.8 billion dollars.
China:
2021-19.5 billion dollars,
2025-25.9 billion dollars.
United States of America:
2021-20.2 billion dollars,
2025-24.7 billion dollars.
South Korea:
2021-13.6 billion dollars,
2025-23.1 billion dollars.
Singapore:
2021-7.8 billion dollars,
2025-13.6 billion dollars.
Netherlands:
2021-11.4 billion dollars,
2025-12.3 billion dollars.
Italy:
2021-10.3 billion dollars,
2025-11.6 billion dollars.
Taiwan:
2021-5.5 billion dollars,
2025-7.5 billion dollars.
Switzerland:
2021-4.3 billion dollars,
2025-4.6 billion dollars.
Important conclusion:
Other Machinery top three exporting countries are Japan, Germany and China. Japan shows the largest absolute difference between prospects and exports in value terms, leaving room to earn additional exports.
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Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2021's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above insight.
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Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration January 2021.
© 2021-25 Future Export Vision.
Other valuable links:
Why Are These America's Top 10 Exports, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-these-are-united-states-top-10.html
Why Are These America's Top 10 Export Countries By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-these-are-united-states-top-10_7.html
Why Are These America's Top 10 Imports, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-these-are-united-states-top-10_10.html
Why Are These America's Top 15 Exporting Sub-Regions, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-these-are-united-states-top-15.html
Why Are These The World's Top 10 Exports, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-exports-by.html
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