HS Icon Steam Boilers

8402 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.97B, Rnk 502 / 1225

Top Exporter (2018): $1.14B, China

Top Importer (2018): $687M, Indonesia

Product Complexity (2018): 0.55, Rnk 350 / 1018

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 450 / 1225

Mean Tariff (2018): 5.46%, Rnk 754 / 1259

Share of World Trade (2018): 0.027%, Rnk 502 / 1225

Overview:  This page contains the latest trade data of Steam Boilers. In 2018, Steam Boilers were the world's 502nd most traded product, with a total trade of $4.97B. Between 2017 and 2018 the exports of Steam Boilers grew by 16.6%, from  $4.26B to $4.97B. Trade in Steam Boilers represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Steam Boilers  were China ($1.14B), South Korea ($750M), Germany ($421M), India ($419M), and Japan ($391M).

Imports: In 2018 the top importers of Steam Boilers were Indonesia ($687M), United States ($351M), Japan ($220M), Bangladesh ($217M), and Vietnam ($174M).

Tariffs: In 2018 the average tariff for Steam Boilers was 5.46%, been the 754 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Steam Boilers are Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Maldives (19.6%), and Pakistan (15.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Steam Boilers ranks 350th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.14B

Top Destination (2018): Indonesia, $687M

Steam Boilers are the world's 502nd most traded product.

In 2018, the top exporters of Steam Boilers were China ($1.14B), South Korea ($750M), Germany ($421M), India ($419M), and Japan ($391M).

In 2018, the top importers of Steam Boilers were Indonesia ($687M), United States ($351M), Japan ($220M), Bangladesh ($217M), and Vietnam ($174M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $235M

Top Destination Growth (2017 - 2018): Indonesia, $421M

Between 2017 and 2018, the exports of Steam Boilers grew the fastest in China ($235M), India ($210M), Germany ($146M), Italy ($99.1M), and Japan ($72.7M).

Between 2017 and 2018, the fastest growing importers of Steam Boilers were Indonesia ($421M), United States ($320M), Bangladesh ($146M), Uzbekistan ($127M), and Greece ($67.9M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Steam Boilers.

In 2018,  market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Steam Boilers are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $993M

TOP NET IMPORTER (2018): Indonesia, $668M

This map shows which countries export or import more of Steam Boilers. Each country is colored based on the difference in exports and imports of Steam Boilers during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Steam Boilers were China ($993M), South Korea ($643M), Germany ($357M), India ($355M), and Italy ($256M).

In 2018, the countries that had a largest trade value in imports than in exports of Steam Boilers were Indonesia ($668M), Bangladesh ($217M), United States ($170M), Saudi Arabia ($139M), and Uzbekistan ($135M).

Trade Forecasts

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This section shows forecasts for total trade for Steam Boilers. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Steam Boilers was 5.46%.  The countries with the highest tariffs for importing Steam Boilers were Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Maldives (19.6%), and Pakistan (15.9%).

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Product Complexity

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Diversification Frontier

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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.