HS Icon Motor vehicle mountings, fittings, of base metal, nes

830230 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.48B, Rnk 506 / 4726

Top Exporter (2018): $1.31B, Germany

Top Importer (2018): $1.56B, United States

Product Complexity (2018): 0.78, Rnk 1161 / 4873

Export Growth (CAGR)(2017 - 2018): -2.64%, Rnk 4025 / 4726

Mean Tariff (2018): 10.7%, Rnk 2059 / 6538

Share of World Trade (2018): 0.035%, Rnk 506 / 4726

Overview:  This page contains the latest trade data of Motor vehicle mountings, fittings, of base metal, nes. In 2018, Motor vehicle mountings, fittings, of base metal, nes were the world's 506th most traded product, with a total trade of $6.48B. Between 2017 and 2018 the exports of Motor vehicle mountings, fittings, of base metal, nes decreased by -2.64%, from  $6.65B to $6.48B. Trade in Motor vehicle mountings, fittings, of base metal, nes represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Motor vehicle mountings, fittings, of base metal, nes  were Germany ($1.31B), United States ($965M), Canada ($522M), China ($490M), and South Korea ($475M).

Imports: In 2018 the top importers of Motor vehicle mountings, fittings, of base metal, nes were United States ($1.56B), Mexico ($687M), Germany ($452M), Canada ($374M), and China ($364M).

Tariffs: In 2018 the average tariff for Motor vehicle mountings, fittings, of base metal, nes was 10.7%, been the 2059 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Motor vehicle mountings, fittings, of base metal, nes are Maldives (48.8%), Bahamas (41.8%), Iran (40%), Bermuda (35%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Taiwan (0%).

Ranking: Motor vehicle mountings, fittings, of base metal, nes ranks 1161st in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $1.31B

Top Destination (2018): United States, $1.56B

Motor vehicle mountings, fittings, of base metal, nes are the world's 506th most traded product.

In 2018, the top exporters of Motor vehicle mountings, fittings, of base metal, nes were Germany ($1.31B), United States ($965M), Canada ($522M), China ($490M), and South Korea ($475M).

In 2018, the top importers of Motor vehicle mountings, fittings, of base metal, nes were United States ($1.56B), Mexico ($687M), Germany ($452M), Canada ($374M), and China ($364M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $212M

Top Destination Growth (2017 - 2018): China, $99.3M

Between 2017 and 2018, the exports of Motor vehicle mountings, fittings, of base metal, nes grew the fastest in Thailand ($212M), United States ($205M), Germany ($92.3M), Canada ($64.6M), and Bahrain ($28.2M).

Between 2017 and 2018, the fastest growing importers of Motor vehicle mountings, fittings, of base metal, nes were China ($99.3M), Mexico ($68.6M), Canada ($40.8M), South Africa ($37.7M), and Malaysia ($35.1M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Motor vehicle mountings, fittings, of base metal, nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Motor vehicle mountings, fittings, of base metal, nes are explained by 16 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $861M

TOP NET IMPORTER (2018): United States, $596M

This map shows which countries export or import more of Motor vehicle mountings, fittings, of base metal, nes. Each country is colored based on the difference in exports and imports of Motor vehicle mountings, fittings, of base metal, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Motor vehicle mountings, fittings, of base metal, nes were Germany ($861M), South Korea ($440M), Thailand ($201M), Poland ($179M), and Japan ($151M).

In 2018, the countries that had a largest trade value in imports than in exports of Motor vehicle mountings, fittings, of base metal, nes were United States ($596M), Mexico ($365M), United Kingdom ($132M), Hungary ($112M), and Russia ($106M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Motor vehicle mountings, fittings, of base metal, nes. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Motor vehicle mountings, fittings, of base metal, nes was 10.7%.  The countries with the highest tariffs for importing Motor vehicle mountings, fittings, of base metal, nes were Maldives (48.8%), Bahamas (41.8%), Iran (40%), Bermuda (35%), and Sudan (35%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.