Import & Export of Industrial Machinery

Industrial machinery is expected to be the top driver of export and import trade now and in the next decade.

According to the report, industrial machinery exports, which range from large power generating machinery to small parts for domestic electrical items, are expected to account for 21% of export growth through 2025, making it the biggest sector contributor to overall merchandise export growth through 2025.

Further out, industrial machinery is expected to rise to 25% of export growth in 2016 to 2020, and to 26% in 2021 to 2030, according to the report.

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