HS Icon Tractors

Tractors; (other than tractors of heading no 8709)

8701 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Tractors. In 2021, Tractors were the world's 67th most traded product, with a total trade of $62.9B. Between 2020 and 2021 the exports of Tractors grew by 36.9%, from $45.9B to $62.9B. Trade in Tractors represent 0.003% of total world trade.

Tractors are a part of Cars, tractors, trucks & parts thereof.. They include Truck tractors, Wheeled tractors, Crawlers, and Pedestrian controlled tractors.

Exports In 2021 the top exporters of Tractors  were Germany ($10.2B), Mexico ($8.77B), Netherlands ($5.96B), United States ($4.91B), and France ($4.35B).

Imports In 2021 the top importers of Tractors were United States ($13B), France ($3.87B), Canada ($3.52B), Germany ($3.24B), and Poland ($3.19B).

Tariffs In 2018 the average tariff for Tractors was 6.29%, making it the 674th lowest tariff using the HS4 product classification.

Ranking Tractors ranks 201st 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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $10.2B

Top Destination (2021): United States, $13B

Tractors are the world's 67th most traded product.

In 2021, the top exporters of Tractors were Germany ($10.2B), Mexico ($8.77B), Netherlands ($5.96B), United States ($4.91B), and France ($4.35B).

In 2021, the top importers of Tractors were United States ($13B), France ($3.87B), Canada ($3.52B), Germany ($3.24B), and Poland ($3.19B).

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Market Dynamics

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Trade by country

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Top Origin Growth (2020 -  2021): Germany, $2.56B

Top Destination Growth (2020 -  2021): United States, $3.37B

Between 2020 and 2021, the exports of Tractors grew the fastest in Germany ($2.56B), Mexico ($1.89B), Netherlands ($1.53B), France ($1.4B), and United States ($1.28B).

Between 2020 and 2021, the fastest growing importers of Tractors were United States ($3.37B), Poland ($1.44B), Canada ($1.18B), France ($746M), and Turkey ($698M).

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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 Tractors.

In 2021, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Tractors are explained by 19 countries.

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TOP NET EXPORTER (2021): Mexico, $8.43B

TOP NET IMPORTER (2021): United States, $8.09B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Tractors were Mexico ($8.43B), Germany ($6.96B), Netherlands ($4.61B), China ($2.18B), and Japan ($2.1B).

In 2021, the countries that had a largest trade value in imports than in exports of Tractors were United States ($8.09B), Canada ($3.07B), Poland ($1.83B), Russia ($1.46B), and Australia ($1.27B).

Disaggregation

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Value

In 2021, the world most traded Tractors, disaggragated by their HS6 level were Truck tractors ($35.8B), Wheeled tractors ($25.2B), Crawlers ($1.56B), and Pedestrian controlled tractors ($390M)

Country Comparison

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Ranking

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.

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.

Country by Relatedness

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The following visualization shows the relatedness of Tractors to countries. Higher relatedness values ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.