Parts of hydraulic/pneumatic/other power engines841290 (Harmonized System 1992 for 6-digit)
2021 World Trade: $9.38B, Rnk 395 / 4641
2021 Top Exporter | Top Importer: $2.48B | $1.88B, China | United States
2021 Product Complexity: 0.57, Rnk 1520 / 4648
2020 - 2021 Export Growth (CAGR): 19.9%, Rnk 2377 / 4641
2018 Mean Tariff: 3.19%, Rnk 5695 / 6538
2021 Share of World Trade: 0.00045%, Rnk 395 / 4641
Overview This page contains the latest trade data of Parts of hydraulic/pneumatic/other power engines. In 2021, Parts of hydraulic/pneumatic/other power engines were the world's 395th most traded product, with a total trade of $9.38B. Between 2020 and 2021 the exports of Parts of hydraulic/pneumatic/other power engines grew by 19.9%, from $7.83B to $9.38B. Trade in Parts of hydraulic/pneumatic/other power engines represent 0.00045% of total world trade.
Parts of hydraulic/pneumatic/other power engines are a part of Other Engines.
Exports In 2021 the top exporters of Parts of hydraulic/pneumatic/other power engines were China ($2.48B), Denmark ($1.14B), United States ($767M), Germany ($709M), and Spain ($644M).
Imports In 2021 the top importers of Parts of hydraulic/pneumatic/other power engines were United States ($1.88B), Germany ($672M), United Kingdom ($542M), China ($428M), and Chinese Taipei ($399M).
Tariffs In 2018 the average tariff for Parts of hydraulic/pneumatic/other power engines was 3.19%, making it the 5695th lowest tariff using the HS6 product classification.
Ranking Parts of hydraulic/pneumatic/other power engines ranks 1520th in the Product Complexity Index (PCI).
Description Hydraulic engines are used to power heavy equipment such as cranes. Pneumatic engines are used to power the pneumatic tools, such as nail guns. Other power engines are used to power printers and other small equipment.
The following visualization shows the latest trends on Parts of hydraulic/pneumatic/other power engines. 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): China, $2.48B
Top Destination (2021): United States, $1.88B
Parts of hydraulic/pneumatic/other power engines are the world's 395th most traded product.
In 2021, the top exporters of Parts of hydraulic/pneumatic/other power engines were China ($2.48B), Denmark ($1.14B), United States ($767M), Germany ($709M), and Spain ($644M).
In 2021, the top importers of Parts of hydraulic/pneumatic/other power engines were United States ($1.88B), Germany ($672M), United Kingdom ($542M), China ($428M), and Chinese Taipei ($399M).
Trade by country
Top Origin Growth (2020 - 2021): Denmark, $439M
Top Destination Growth (2020 - 2021): United Kingdom, $304M
Between 2020 and 2021, the exports of Parts of hydraulic/pneumatic/other power engines grew the fastest in Denmark ($439M), China ($364M), India ($230M), United States ($150M), and Spain ($125M).
Between 2020 and 2021, the fastest growing importers of Parts of hydraulic/pneumatic/other power engines were United Kingdom ($304M), Chinese Taipei ($280M), Vietnam ($241M), Finland ($182M), and Germany ($144M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Parts of hydraulic/pneumatic/other power engines.
In 2021, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Parts of hydraulic/pneumatic/other power engines are explained by 16 countries.
TOP NET EXPORTER (2021): China, $2.05B
TOP NET IMPORTER (2021): United States, $1.11B
This map shows which countries export or import more of Parts of hydraulic/pneumatic/other power engines. Each country is colored based on the difference in exports and imports of Parts of hydraulic/pneumatic/other power engines during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Parts of hydraulic/pneumatic/other power engines were China ($2.05B), Denmark ($881M), India ($506M), Spain ($429M), and Italy ($194M).
In 2021, the countries that had a largest trade value in imports than in exports of Parts of hydraulic/pneumatic/other power engines were United States ($1.11B), United Kingdom ($441M), Chinese Taipei ($356M), Vietnam ($305M), and Finland ($254M).
This visualization shows the countries that have an important ratio of their trade related to Parts of hydraulic/pneumatic/other power engines. It is possible to select the main countries that export or import Parts of hydraulic/pneumatic/other power engines 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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