Tractors8701 (Harmonized System 1992 for 4-digit)
2020 World Trade: $45.9B, Rnk 77 / 1217
2020 Top Exporter | Top Importer: $7.62B | $9.62B, Germany | United States
2020 Product Complexity: 0.9, Rnk 208 / 1028
2019 - 2020 Export Growth (CAGR): -18.4%, Rnk 989 / 1217
2018 Mean Tariff: 6.29%, Rnk 674 / 1259
2020 Share of World Trade: 0.27%, Rnk 77 / 1217
Overview This page contains the latest trade data of Tractors. In 2020, Tractors were the world's 77th most traded product, with a total trade of $45.9B. Between 2019 and 2020 the exports of Tractors decreased by -18.4%, from $56.3B to $45.9B. Trade in Tractors represent 0.27% of total world trade.
Tractors are a part of Vehicles. They include Truck tractors, Wheeled tractors, Crawlers, and Pedestrian controlled tractors.
Exports In 2020 the top exporters of Tractors were Germany ($7.62B), Mexico ($6.87B), Netherlands ($4.41B), United States ($3.72B), and France ($2.95B).
Imports In 2020 the top importers of Tractors were United States ($9.62B), France ($3.12B), Germany ($2.8B), Canada ($2.34B), and United Kingdom ($1.88B).
Tariffs In 2018 the average tariff for Tractors was 6.29%, making it the 674th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Tractors are Maldives (35%), Poland (31%), Nauru (23.8%), and Bermuda (21.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Rwanda (0%), Uganda (0%), and Zambia (0%).
Ranking Tractors ranks 208th in the Product Complexity Index (PCI).
Description Tractors are used to move heavy objects, such as construction equipment and farm machinery. Tractors can be powered by a variety of different fuels, including gasoline, diesel, and natural gas.
The following visualization shows the latest trends on Tractors. 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): Germany, $7.62B
Top Destination (2020): United States, $9.62B
Tractors are the world's 77th most traded product.
In 2020, the top exporters of Tractors were Germany ($7.62B), Mexico ($6.87B), Netherlands ($4.41B), United States ($3.72B), and France ($2.95B).
In 2020, the top importers of Tractors were United States ($9.62B), France ($3.12B), Germany ($2.8B), Canada ($2.34B), and United Kingdom ($1.88B).
Trade by country
Between 2019 and 2020, the exports of Tractors grew the fastest in Spain ($260M), Italy ($85.6M), South Korea ($52.9M), Hungary ($33.4M), and Chinese Taipei ($15.4M).
Between 2019 and 2020, the fastest growing importers of Tractors were Turkey ($372M), Australia ($94M), Sudan ($73M), China ($72.6M), and Greece ($67.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Tractors.
In 2020, market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Tractors are explained by 18 countries.
TOP NET EXPORTER (2020): Mexico, $6.57B
TOP NET IMPORTER (2020): United States, $5.91B
This map shows which countries export or import more of Tractors. Each country is colored based on the difference in exports and imports of Tractors during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Tractors were Mexico ($6.57B), Germany ($4.82B), Netherlands ($3.43B), Japan ($1.54B), and Belgium ($1.18B).
In 2020, the countries that had a largest trade value in imports than in exports of Tractors were United States ($5.91B), Canada ($1.93B), Russia ($1.06B), Australia ($970M), and Poland ($929M).
In 2020, the world most traded Tractors, disaggragated by their HS6 level were Road tractors for semi-trailers (truck tractors) ($25.7B), Wheeled tractors nes ($18.8B), Track-laying tractors (crawlers) ($1.06B), and Pedestrian controlled tractors ($300M)
This visualization shows the countries that have an important ratio of their trade related to Tractors. It is possible to select the main countries that export or import Tractors 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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