The divergent uses of machinery like milling machines and conveyors in different industrial sites like construction industries, automotive industries, and textile industries make this one of the most globally sought-after commodities across the world. The globally increasing demand for different products ranging from agricultural to industrial commodities along with metallic and nonmetallic commodities boosts the import trade rate of industrial machinery.
The hike in the import trade rate due to the rising productivity of industries and industrial automation along with a subsequent contribution from the infrastructure development of transportation ports and other government reforms have recorded a global import trade rate of 1.8 trillion US dollars in 2023.
The rising global and domestic demands for industrial machinery in different countries have encouraged the top importers to import more of their kind to fulfill domestic needs. As per the Global Industrial Machinery Import Data, the top 10 import variants of industrial machinery in 2023 are,
1. Machine Tools - Global Import trade value of machine tools in 2023 - 300 billion US dollars.
2. Industrial Robots - Global Import trade value of industrial robots in 2023 - 200 billion US dollars.
3. Agricultural Machinery - Global Import trade value of agricultural machinery in 2023 - 180 billion US dollars.
4. Construction Machinery - Global Import trade value of construction machinery in 2023 - 100 billion US dollars.
5. Packaging Machinery - Global Import trade value of packaging machinery in 2023 - 80 billion US dollars.
6. Printing Machinery - Global Import trade value of printing machinery in 2023 - 75 billion US dollars.
7. Textile Working Machinery - Global Import Trade value of Textile working machinery in 2023 - 70 billion US dollars.
8. Metalworking Machinery - Global Import Trade value of Metalworking machinery in 2023 - 68 billion US dollars.
9. Food Processing Machinery - Global Import trade value of Food processing machinery in 2023 - 60 billion US dollars.
10. Mining Machinery - Global Import trade value of mining machinery in 2023 - 55 billion US dollars.
According to the Global Industrial Machinery Trade Data, the top 10 Industrial machinery importers of 2023 are discussed below,
1. United States - According to the USA Import Data, the import trade value of industrial machinery in 2023 - 800 billion US dollars.
Top 5 Import Variants
A. Machine tools
B. Construction machinery
C. Industrial robots
D. Pumps and Compressors
E. Agricultural machinery
2. China - According to the China Import Data, the import trade value of industrial machinery import in 2023 - 500 billion US dollars.
Top 5 Import Variants
A. Automated machinery
B. Construction machinery
C. Machine tools
D. Textile machinery
E. Agricultural machinery
3. Germany - According to the Germany Import Data, the import trade value of industrial machinery in 2023 - 450 billion US dollars.
Top 5 Import Variants
A. Electric equipments
B. Vehicle production machinery
C. Metalworking machinery
D. Textile machinery
E. Food processing machinery
4. Japan - According to the Japan Import Data, the import trade value of industrial machinery import in 2023 - 400 billion US dollars
Top 5 Import Variants
A. Plastic machinery
B. Industrial robots
C. Bearings
D. Textile machinery
E. Metalworking machinery
5. South Korea - According to the South Korea Import Data, the import trade value of industrial machinery import in 2023 - 380 billion US dollars.
Top 5 Import Variants
A. Electronic integrated circuits
B. Machinery for semiconductor production
C. Computer parts and accessories
D. Industrial robots
E. Flexible metal working tools
6. France - According to the France Import Data, the import trade value of industrial machinery import in 2023 - 250 billion US dollars.
Top 5 Import Variants
A. Electrical machinery
B. Industrial furnaces
C. Machine tools
D. Construction machinery
E. Agricultural machinery
7. United Kingdom - According to the United Kingdom Import Data, the import trade value of industrial machinery import in 2023 - 200 billion US dollars.
Top 5 Import Variants
A. Machinery for mechanical handling
B. Power generating machinery
C. Industrial robots
D. Metalworking machinery
E. Agricultural machinery
8. Canada - According to the Canada Import Data, the import trade value of industrial machinery import in 2023 - 180 billion US dollars.
Top 5 Import Variants
A. Construction machinery
B. Industrial machinery
C. Agricultural machinery
D. Packaging machinery
E. Mining equipment
9. Italy - According to the Italy Import Data, the import trade value of industrial machinery import in 2023 - 150 billion US dollars.
Top 5 Import Variants
A. Machine tools
B. Industrial robots
C. Chemical processing equipment
D. Packaging machinery
E. Textile machinery
10. Mexico - According to the Mexico Import Data, the import trade value of industrial machinery import in 2023 - 100 billion US dollars.
Top 5 Import Variants
A. Electric machinery
B. Industrial vehicles
C. Machine tools
D. Pumps and Compressors
E. Construction Equipment
Global Import Trade Statistics of Industrial Machinery for the Last 10 Years
Import trade statistics of industrial machinery in 2013 - 1 trillion US dollars
Import trade statistics of industrial machinery in 2014 – 1.14 trillion US dollars
Import trade statistics of industrial machinery in 2015 – 1.01 trillion US dollars
Import trade statistics of industrial machinery in 2016 - 1.2 trillion US dollars
Import trade statistics of industrial machinery in 2017 – 1.19 trillion US dollars
Import trade statistics of industrial machinery in 2018 - 1.5 trillion US dollars
Import trade statistics of industrial machinery in 2019 - 1.6 trillion US dollars
Import trade statistics of industrial machinery in 2020 - 1.55 trillion US dollars
Import trade statistics of industrial machinery in 2021 - 1.67 trillion US dollars
Import trade statistics of industrial machinery in 2022 - 1.7 trillion US dollars
Que. Who is the top importer of industrial machinery in 2023?
Ans. The United States is the top importer of industrial machinery in 2023.
Que. What is the top industrial machinery import?
Ans. Machine tools are the top industrial machinery import.
Que. Where can you get the detailed trade analysis of industrial machinery import in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of industrial machinery imports in 2023.