Spark ignition Trucks < 5 tonnes870431 (Harmonized System 1992 for 6-digit)
2020 World Trade: $28.8B, Rnk 76 / 4613
2020 Top Exporter | Top Importer: $15.5B | $15.6B, Mexico | United States
2020 Product Complexity: -0.25, Rnk 2940 / 4783
2019 - 2020 Export Growth (CAGR): -23.2%, Rnk 3897 / 4613
2018 Mean Tariff: 16.5%, Rnk 852 / 6538
2020 Share of World Trade: 0.17%, Rnk 76 / 4613
Overview This page contains the latest trade data of Spark ignition Trucks < 5 tonnes. In 2020, Spark ignition Trucks < 5 tonnes were the world's 76th most traded product, with a total trade of $28.8B. Between 2019 and 2020 the exports of Spark ignition Trucks < 5 tonnes decreased by -23.2%, from $37.5B to $28.8B. Trade in Spark ignition Trucks < 5 tonnes represent 0.17% of total world trade.
Spark ignition Trucks < 5 tonnes are a part of Delivery Trucks.
Exports In 2020 the top exporters of Spark ignition Trucks < 5 tonnes were Mexico ($15.5B), United States ($8.42B), Spain ($899M), Japan ($798M), and China ($418M).
Imports In 2020 the top importers of Spark ignition Trucks < 5 tonnes were United States ($15.6B), Canada ($7.25B), Mexico ($712M), United Arab Emirates ($413M), and Germany ($371M).
Tariffs In 2018 the average tariff for Spark ignition Trucks < 5 tonnes was 16.5%, making it the 852nd lowest tariff using the HS6 product classification.
Ranking Spark ignition Trucks < 5 tonnes ranks 2940th in the Product Complexity Index (PCI).
Description Spark ignition engines do not create power from the heat of combustion, but from the spark created by the spark plug. These are used to power truck engines weighing less than 5 tonnes.
The following visualization shows the latest trends on Spark ignition Trucks < 5 tonnes. 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): Mexico, $15.5B
Top Destination (2020): United States, $15.6B
Spark ignition Trucks < 5 tonnes are the world's 76th most traded product.
In 2020, the top exporters of Spark ignition Trucks < 5 tonnes were Mexico ($15.5B), United States ($8.42B), Spain ($899M), Japan ($798M), and China ($418M).
In 2020, the top importers of Spark ignition Trucks < 5 tonnes were United States ($15.6B), Canada ($7.25B), Mexico ($712M), United Arab Emirates ($413M), and Germany ($371M).
Trade by country
Between 2019 and 2020, the exports of Spark ignition Trucks < 5 tonnes grew the fastest in Spain ($155M), Saudi Arabia ($18.1M), Belgium ($7.35M), Norway ($6.93M), and Netherlands ($6.62M).
Between 2019 and 2020, the fastest growing importers of Spark ignition Trucks < 5 tonnes were Australia ($135M), South Korea ($93.6M), Germany ($90.8M), Nigeria ($72M), and United Arab Emirates ($24.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Spark ignition Trucks < 5 tonnes.
In 2020, market concentration measured using Shannon Entropy, was 2.1. This means that most of the exports of Spark ignition Trucks < 5 tonnes are explained by 4 countries.
TOP NET EXPORTER (2020): Mexico, $14.8B
TOP NET IMPORTER (2020): United States, $7.15B
This map shows which countries export or import more of Spark ignition Trucks < 5 tonnes. Each country is colored based on the difference in exports and imports of Spark ignition Trucks < 5 tonnes during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Spark ignition Trucks < 5 tonnes were Mexico ($14.8B), Spain ($873M), Japan ($727M), China ($339M), and Thailand ($329M).
In 2020, the countries that had a largest trade value in imports than in exports of Spark ignition Trucks < 5 tonnes were United States ($7.15B), Canada ($6.95B), Germany ($328M), Australia ($326M), and Saudi Arabia ($269M).
This visualization shows the countries that have an important ratio of their trade related to Spark ignition Trucks < 5 tonnes. It is possible to select the main countries that export or import Spark ignition Trucks < 5 tonnes 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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