HS Icon Gearing, ball screws, speed changers, torque converte

848340 (Harmonized System 1992 for 6-digit)

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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Color

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Country Comparison

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Ranking

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.

Product Complexity

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Diversification Frontier

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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.