Transmissions8483 (Harmonized System 1992 for 4-digit)
2020 World Trade: $53.2B, Rnk 59 / 1217
2020 Top Exporter | Top Importer: $11.7B | $8.07B, Germany | United States
2020 Product Complexity: 1.45, Rnk 64 / 1028
2019 - 2020 Export Growth (CAGR): -11%, Rnk 761 / 1217
2018 Mean Tariff: 4.61%, Rnk 900 / 1259
2020 Share of World Trade: 0.32%, Rnk 59 / 1217
Overview This page contains the latest trade data of Transmissions. In 2020, Transmissions were the world's 59th most traded product, with a total trade of $53.2B. Between 2019 and 2020 the exports of Transmissions decreased by -11%, from $59.7B to $53.2B. Trade in Transmissions represent 0.32% of total world trade.
Transmissions are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Gearing, ball screws, speed changers, torque converte, Transmission shafts and cranks, cam and crank shafts, Parts of power transmission etc equipment, Bearing housings, shafts, without ball/roller bearing, Flywheels and pulleys including pulley blocks, Clutches, shaft couplings, universal joints, and Bearing housings etc incorporating ball/roller bearin.
Exports In 2020 the top exporters of Transmissions were Germany ($11.7B), China ($7.48B), United States ($5.56B), Japan ($4.23B), and Italy ($3.25B).
Imports In 2020 the top importers of Transmissions were United States ($8.07B), China ($5.32B), Germany ($4.86B), Mexico ($2.31B), and Canada ($2.16B).
Tariffs In 2018 the average tariff for Transmissions was 4.61%, making it the 900th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Transmissions are Bahamas (42.6%), Bermuda (35%), and Maldives (34.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).
Ranking Transmissions ranks 64th in the Product Complexity Index (PCI).
Description Transmission shafts are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.
The following visualization shows the latest trends on Transmissions. 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, $11.7B
Top Destination (2020): United States, $8.07B
Transmissions are the world's 59th most traded product.
In 2020, the top exporters of Transmissions were Germany ($11.7B), China ($7.48B), United States ($5.56B), Japan ($4.23B), and Italy ($3.25B).
In 2020, the top importers of Transmissions were United States ($8.07B), China ($5.32B), Germany ($4.86B), Mexico ($2.31B), and Canada ($2.16B).
Trade by country
Top Origin Growth (2019 - 2020): Chinese Taipei, $117M
Top Destination Growth (2019 - 2020): China, $612M
Between 2019 and 2020, the exports of Transmissions grew the fastest in Chinese Taipei ($117M), Denmark ($75.2M), Ukraine ($22.5M), Saudi Arabia ($10M), and Vietnam ($8.3M).
Between 2019 and 2020, the fastest growing importers of Transmissions were China ($612M), Turkey ($65.6M), Brazil ($56.1M), Vietnam ($54.5M), and Denmark ($48.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Transmissions.
In 2020, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Transmissions are explained by 18 countries.
TOP NET EXPORTER (2020): Germany, $6.8B
TOP NET IMPORTER (2020): United States, $2.51B
This map shows which countries export or import more of Transmissions. Each country is colored based on the difference in exports and imports of Transmissions during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Transmissions were Germany ($6.8B), Japan ($2.88B), China ($2.15B), Italy ($1.66B), and Chinese Taipei ($1.24B).
In 2020, the countries that had a largest trade value in imports than in exports of Transmissions were United States ($2.51B), Mexico ($1.38B), Canada ($1.17B), Brazil ($995M), and Russia ($771M).
In 2020, the world most traded Transmissions, disaggragated by their HS6 level were Gearing, ball screws, speed changers, torque... ($17.7B), Parts of power transmission etc equipment ($10.7B), Transmission shafts and cranks, cam and... ($9.87B), Bearing housings, shafts, without ball/roller bearing ($5.74B), and Flywheels and pulleys including pulley blocks ($5.21B)
This visualization shows the countries that have an important ratio of their trade related to Transmissions. It is possible to select the main countries that export or import Transmissions 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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