Machine balancing equipment trade by country: top importers, exporters and prices
World trade in machine balancing equipment was worth $501.2 million in 2024, about 24.4 thousand tonnes. That is a fall of 14% since 2017, and up 7% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $501.2M | 24.4K t |
| 2023 | $469.5M | 28.9K t |
| 2022 | $476.3M | 23.8K t |
| 2021 | $542.8M | 30.1K t |
| 2020 | $436.9M | 43.4K t |
| 2019 | $497.4M | 26.7K t |
| 2018 | $621.1M | 23.6K t |
| 2017 | $585.2M | 22.6K t |
Top machine balancing equipment exporting countries
Exports are led by Italy (19%), China (18%) and the United States (15%). 120 countries reported exports, and the top three account for 52%.
| Exporter | Value | Share |
|---|---|---|
| Italy | $97.1M | 19% |
| China | $89.5M | 18% |
| United States | $76.2M | 15% |
| Germany | $72.4M | 15% |
| Japan | $46.9M | 9.4% |
| United Kingdom | $26.7M | 5.3% |
| South Korea | $11.7M | 2.3% |
| Taiwan | $9.2M | 1.8% |
| Poland | $7.6M | 1.5% |
| United Arab Emirates | $6.3M | 1.3% |
| Thailand | $6.2M | 1.2% |
| Spain | $5.3M | 1.1% |
Top importing countries and buyer markets
The largest importers are China (10%), the United States (8%) and Germany (7%). 190 countries imported it, and the top three take 25% of the value.
| Importer | Value | Share |
|---|---|---|
| China | $51.3M | 10% |
| United States | $38.8M | 7.7% |
| Germany | $33.6M | 6.7% |
| Netherlands | $24.8M | 5% |
| United Kingdom | $22.1M | 4.4% |
| Mexico | $19.8M | 4% |
| Canada | $18.8M | 3.8% |
| Poland | $16.5M | 3.3% |
| Saudi Arabia | $16.0M | 3.2% |
| India | $16.0M | 3.2% |
| Thailand | $14.4M | 2.9% |
| France | $13.0M | 2.6% |
Average price per kg
The world average declared value was about $20.52 per kg in 2024. Among the main exporters, the United Kingdom averaged $120.72 per kg and China $8.45 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Machine balancing equipment (HS 9031.10) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 9031.10: Machines: for balancing mechanical parts. HS 9031 codes.
Common questions
Which countries export the most machine balancing equipment?
Italy exported $97.1 million in 2024, 19% of the world total, followed by China (18%) and the United States (15%). In all, 120 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most machine balancing equipment?
China imported $51.3 million in 2024, 10% of world imports, ahead of the United States (8%) and Germany (7%). The top three importers together take 25%. Each country with its own page is linked from the table.
How big is the world trade in machine balancing equipment?
It was worth $501.2 million in 2024, about 24.4 thousand tonnes. That is a fall of 14% since 2017. The peak year was 2018 at $621.1 million. 120 countries reported exports and 190 reported imports.
What is the average price of machine balancing equipment per kg?
The world average declared value was about $20.52 per kg in 2024. Among the main exporters, the United Kingdom averaged $120.72 per kg and China $8.45 per kg, so grade and origin matter. The average mixes every grade and size, so use it as a market reference rather than an offer.
What is the HS code for machine balancing equipment?
The HS code for machine balancing equipment is subheading 9031.10, in chapter 90 (optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 9031 page.
How can I find machine balancing equipment buyers and suppliers?
EximDataX shows the importers and exporters of machine balancing equipment by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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