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870192 (Harmonized System 2017 for 6-digit)

2023
World Trade $2.57BRnk 1264 / 5380
2023
Top Exporter | Top Importer $653M | $884MSouth Korea | United States
2023
Product Complexity 0.66Rnk 1575 / 5381
2022 - 2023
Export Growth (CAGR) -18.5%Rnk 4168 / 5380
2023
Share of World Trade 0.011%Rnk 1264 / 5380

About

Overview This page contains the latest trade data of Engine power > 18kW < 37kW. In 2023, Engine power > 18kW < 37kW were the world's 1264th most traded product, with a total trade of $2.57B. Between 2022 and 2023 the exports of Engine power > 18kW < 37kW decreased by -18.5%, from $3.16B to $2.57B. Trade in Engine power > 18kW < 37kW represent 0.011% of total world trade.

Engine power > 18kW < 37kW are a part of Tractors; (other than tractors of heading no 8709).

Exports In 2023 the top exporters of Engine power > 18kW < 37kW  were South Korea ($653M), Japan ($482M), China ($294M), United States ($263M), and India ($256M).

Imports In 2023 the top importers of Engine power > 18kW < 37kW were United States ($884M), Canada ($189M), France ($115M), Netherlands ($93.9M), and Germany ($84.4M).

Ranking Engine power > 18kW < 37kW ranks 1575th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Engine power > 18kW < 37kW. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)South Korea$653M
Top Destination (2023)United States$884M

In 2023 Engine power > 18kW < 37kW were the world's 1264th most traded product (out of 5,380).

In 2023, the top exporters of Engine power > 18kW < 37kW were South Korea ($653M), Japan ($482M), China ($294M), United States ($263M), and India ($256M).

In 2023, the top importers of Engine power > 18kW < 37kW were United States ($884M), Canada ($189M), France ($115M), Netherlands ($93.9M), and Germany ($84.4M).

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Exporters of Engine power > 18kW < 37kW (2023)
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Importers of Engine power > 18kW < 37kW (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$35.7M
Top Destination Growth (2022 -  2023)Turkey$32.4M

Between 2022 and 2023, the exports of Engine power > 18kW < 37kW grew the fastest in China ($35.7M), Mexico ($23.2M), Italy ($23.2M), Sweden ($15.9M), and France ($7.5M).

Between 2022 and 2023, the fastest growing importers of Engine power > 18kW < 37kW were Turkey ($32.4M), Finland ($24.6M), Czechia ($13.1M), Brazil ($11.1M), and Poland ($10.6M).

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Exporters of Engine power > 18kW < 37kW (2022 - 2023)

Importers of Engine power > 18kW < 37kW (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Engine power > 18kW < 37kW.

In 2023, market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Engine power > 18kW < 37kW are explained by 11 countries.

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Value of Exports in Engine power > 18kW < 37kW

Net Trade

TOP NET EXPORTER (2023)South Korea$644M
TOP NET IMPORTER (2023)United States$622M

This map shows which countries export or import more of Engine power > 18kW < 37kW. Each country is colored based on the difference in exports and imports of Engine power > 18kW < 37kW during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Engine power > 18kW < 37kW were South Korea ($644M), Japan ($473M), China ($291M), India ($239M), and Thailand ($103M).

In 2023, the countries that had a largest trade value in imports than in exports of Engine power > 18kW < 37kW were United States ($622M), Canada ($187M), United Kingdom ($65.2M), Poland ($64.2M), and France ($58.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Engine power > 18kW < 37kW.
It is possible to select the main countries that export or import Engine power > 18kW < 37kW in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Engine power > 18kW < 37kW by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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