Air Pumps8414 (Harmonized System 1992 for 4-digit)
2020 World Trade: $72.3B, Rnk 34 / 1217
2020 Top Exporter | Top Importer: $18.6B | $11.6B, United States | China
2020 Product Complexity: 1.49, Rnk 54 / 1028
2019 - 2020 Export Growth (CAGR): -4.01%, Rnk 480 / 1217
2018 Mean Tariff: 6.45%, Rnk 660 / 1259
2020 Share of World Trade: 0.43%, Rnk 34 / 1217
Overview This page contains the latest trade data of Air Pumps. In 2020, Air Pumps were the world's 34th most traded product, with a total trade of $72.3B. Between 2019 and 2020 the exports of Air Pumps decreased by -4.01%, from $75.3B to $72.3B. Trade in Air Pumps represent 0.43% of total world trade.
Air Pumps are a part of Machinery and appliances. They include Air or gas compressors, hoods, Parts of vacuum pumps, compressors,fans,blowers,hoods, Compressors for refrigerating equipment, Electric fans, motor > 125 watts, Table, window, ceiling fans, electric motor <125 watt, Vacuum pumps, Ventilating hoods having a maximum width < 120 cm, Air compressors mounted on wheeled chassis for towing, and Hand or foot-operated air pumps.
Exports In 2020 the top exporters of Air Pumps were China ($18.6B), Germany ($9.25B), United States ($5.82B), Japan ($4.85B), and Italy ($3.72B).
Imports In 2020 the top importers of Air Pumps were United States ($11.6B), Germany ($5.17B), China ($4.72B), Mexico ($2.84B), and South Korea ($2.45B).
Tariffs In 2018 the average tariff for Air Pumps was 6.45%, making it the 660th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Air Pumps are Bahamas (31.2%), Bermuda (23.8%), Syria (23.4%), and Cayman Islands (22%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking Air Pumps ranks 54th in the Product Complexity Index (PCI).
Description Air or vacuum pumps are used to move air, and can be used in the production of other goods. They can be made from a variety of materials, including cast iron, steel, aluminum, copper, and plastic.
The following visualization shows the latest trends on Air Pumps. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $18.6B
Top Destination (2020): United States, $11.6B
Air Pumps are the world's 34th most traded product.
In 2020, the top exporters of Air Pumps were China ($18.6B), Germany ($9.25B), United States ($5.82B), Japan ($4.85B), and Italy ($3.72B).
In 2020, the top importers of Air Pumps were United States ($11.6B), Germany ($5.17B), China ($4.72B), Mexico ($2.84B), and South Korea ($2.45B).
Trade by country
Top Origin Growth (2019 - 2020): China, $1.48B
Top Destination Growth (2019 - 2020): South Korea, $204M
Between 2019 and 2020, the exports of Air Pumps grew the fastest in China ($1.48B), Vietnam ($255M), Chinese Taipei ($71.7M), Portugal ($55.2M), and Cambodia ($22.3M).
Between 2019 and 2020, the fastest growing importers of Air Pumps were South Korea ($204M), Turkey ($155M), United Arab Emirates ($114M), China ($111M), and Ireland ($105M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Air Pumps.
In 2020, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Air Pumps are explained by 18 countries.
TOP NET EXPORTER (2020): China, $13.9B
TOP NET IMPORTER (2020): United States, $5.75B
This map shows which countries export or import more of Air Pumps. Each country is colored based on the difference in exports and imports of Air Pumps during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Air Pumps were China ($13.9B), Germany ($4.08B), Japan ($2.45B), Italy ($1.76B), and Belgium ($654M).
In 2020, the countries that had a largest trade value in imports than in exports of Air Pumps were United States ($5.75B), Russia ($1.36B), Canada ($1.17B), Spain ($765M), and India ($723M).
In 2019, the world most traded Air Pumps, disaggragated by their HS6 level were Air or gas compressors, hoods ($19.2B), Parts of vacuum pumps, compressors,fans,blowers,hoods ($14.6B), Compressors for refrigerating equipment ($12.8B), Electric fans, motor > 125 watts ($12B), and Table, window, ceiling fans, electric motor... ($6B)
This visualization shows the countries that have an important ratio of their trade related to Air Pumps. It is possible to select the main countries that export or import Air Pumps in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Air Pumps was 6.45%. The countries with the highest tariffs for importing Air Pumps were Bahamas (31.2%), Bermuda (23.8%), Syria (23.4%), and Cayman Islands (22%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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