Gearing, ball screws, speed changers, torque converte848340 (Harmonized System 1992 for 6-digit)
2021 World Trade: $21.2B, Rnk 150 / 4641
2021 Top Exporter | Top Importer: $3.71B | $3.66B, Germany | United States
2021 Product Complexity: 1.44, Rnk 242 / 4648
2020 - 2021 Export Growth (CAGR): 22.3%, Rnk 2090 / 4641
2018 Mean Tariff: 4.77%, Rnk 4373 / 6538
2021 Share of World Trade: 0.001%, Rnk 150 / 4641
Overview This page contains the latest trade data of Gearing, ball screws, speed changers, torque converte. In 2021, Gearing, ball screws, speed changers, torque converte were the world's 150th most traded product, with a total trade of $21.2B. Between 2020 and 2021 the exports of Gearing, ball screws, speed changers, torque converte grew by 22.3%, from $17.4B to $21.2B. Trade in Gearing, ball screws, speed changers, torque converte represent 0.001% of total world trade.
Gearing, ball screws, speed changers, torque converte are a part of Transmissions.
Exports In 2021 the top exporters of Gearing, ball screws, speed changers, torque converte were Germany ($3.71B), China ($3.29B), Japan ($2.26B), Italy ($2.09B), and United States ($1.71B).
Imports In 2021 the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.66B), China ($2.27B), Germany ($1.71B), Brazil ($893M), and Canada ($845M).
Tariffs In 2018 the average tariff for Gearing, ball screws, speed changers, torque converte was 4.77%, making it the 4373rd lowest tariff using the HS6 product classification.
Ranking Gearing, ball screws, speed changers, torque converte ranks 242nd in the Product Complexity Index (PCI).
Description Gearing is a system of two or more gears to change the ratio of the speeds. Ball screws are precision linear guides that are used to create straight and linear motion for precision applications. Speed changers are an apparatus that changes the speed of one load to another. Torque converters convert torque from one form to another.
The following visualization shows the latest trends on Gearing, ball screws, speed changers, torque converte. 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 (2021): Germany, $3.71B
Top Destination (2021): United States, $3.66B
Gearing, ball screws, speed changers, torque converte are the world's 150th most traded product.
In 2021, the top exporters of Gearing, ball screws, speed changers, torque converte were Germany ($3.71B), China ($3.29B), Japan ($2.26B), Italy ($2.09B), and United States ($1.71B).
In 2021, the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.66B), China ($2.27B), Germany ($1.71B), Brazil ($893M), and Canada ($845M).
Trade by country
Top Origin Growth (2020 - 2021): China, $749M
Top Destination Growth (2020 - 2021): United States, $569M
Between 2020 and 2021, the exports of Gearing, ball screws, speed changers, torque converte grew the fastest in China ($749M), Japan ($498M), Italy ($492M), Germany ($421M), and Chinese Taipei ($330M).
Between 2020 and 2021, the fastest growing importers of Gearing, ball screws, speed changers, torque converte were United States ($569M), China ($393M), Italy ($262M), Brazil ($261M), and Germany ($250M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gearing, ball screws, speed changers, torque converte.
In 2021, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Gearing, ball screws, speed changers, torque converte are explained by 17 countries.
TOP NET EXPORTER (2021): Germany, $2.01B
TOP NET IMPORTER (2021): United States, $1.95B
This map shows which countries export or import more of Gearing, ball screws, speed changers, torque converte. Each country is colored based on the difference in exports and imports of Gearing, ball screws, speed changers, torque converte during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Gearing, ball screws, speed changers, torque converte were Germany ($2.01B), Japan ($1.77B), Italy ($1.3B), China ($1.02B), and Chinese Taipei ($864M).
In 2021, the countries that had a largest trade value in imports than in exports of Gearing, ball screws, speed changers, torque converte were United States ($1.95B), Brazil ($820M), Canada ($674M), Mexico ($448M), and Russia ($356M).
This visualization shows the countries that have an important ratio of their trade related to Gearing, ball screws, speed changers, torque converte. It is possible to select the main countries that export or import Gearing, ball screws, speed changers, torque converte in the world, or by continent, as well as select the measure of interest.
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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