HS Icon Parts of steam or vapour generating boilers nes

840290 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.96B, Rnk 1019 / 4726

Top Exporter (2018): $831M, China

Top Importer (2018): $523M, Indonesia

Product Complexity (2018): 0.39, Rnk 1909 / 4873

Export Growth (CAGR)(2017 - 2018): 41.2%, Rnk 477 / 4726

Mean Tariff (2018): 4.41%, Rnk 4599 / 6538

Share of World Trade (2018): 0.016%, Rnk 1019 / 4726

Overview: In 2018, Parts of steam or vapour generating boilers nes were the world's 1019th most traded product, with a total trade of $2.96B. Between 2017 and 2018 the exports of Parts of steam or vapour generating boilers nes grew by 41.2%, from  $2.1B to $2.96B. Trade in Parts of steam or vapour generating boilers nes represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Parts of steam or vapour generating boilers nes  were China ($831M), South Korea ($513M), Japan ($282M), Germany ($216M), and India ($204M).

Imports: In 2018 the top importers of Parts of steam or vapour generating boilers nes were Indonesia ($523M), Japan ($194M), United States ($164M), Bangladesh ($128M), and Vietnam ($125M).

Tariffs: In 2018 the average tariff for Parts of steam or vapour generating boilers nes was 4.41%, been the 4599 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of steam or vapour generating boilers nes are Bahamas (40.2%), Bermuda (25%), Ecuador (22.7%), Maldives (19.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts of steam or vapour generating boilers nes ranks 1909th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $831M

Top Destination (2018): Indonesia, $523M

Parts of steam or vapour generating boilers nes are the world's 1019th most traded product.

In 2018, the top exporters of Parts of steam or vapour generating boilers nes were China ($831M), South Korea ($513M), Japan ($282M), Germany ($216M), and India ($204M).

In 2018, the top importers of Parts of steam or vapour generating boilers nes were Indonesia ($523M), Japan ($194M), United States ($164M), Bangladesh ($128M), and Vietnam ($125M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $289M

Top Destination Growth (2017 - 2018): Indonesia, $422M

Between 2017 and 2018, the exports of Parts of steam or vapour generating boilers nes grew the fastest in China ($289M), Japan ($127M), India ($118M), Germany ($99.2M), and Denmark ($57.6M).

Between 2017 and 2018, the fastest growing importers of Parts of steam or vapour generating boilers nes were Indonesia ($422M), United States ($164M), Bangladesh ($101M), Jordan ($70.6M), and Greece ($68.7M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of steam or vapour generating boilers nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Parts of steam or vapour generating boilers nes are explained by 13 countries.

TOP NET EXPORTER (2018): China, $726M

TOP NET IMPORTER (2018): Indonesia, $512M

This map shows which countries export or import more of Parts of steam or vapour generating boilers nes. Each country is colored based on the difference in exports and imports of Parts of steam or vapour generating boilers nes during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Parts of steam or vapour generating boilers nes were China ($726M), South Korea ($452M), Germany ($179M), India ($153M), and Italy ($104M).

In 2018, the countries that had a largest trade value in imports than exports of Parts of steam or vapour generating boilers nes were Indonesia ($512M), Bangladesh ($128M), Greece ($108M), Vietnam ($90.2M), and Saudi Arabia ($87.9M).

Trade Forecasts

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This section shows forecasts for total trade for Parts of steam or vapour generating boilers nes. 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 Parts of steam or vapour generating boilers nes was 4.41%.  The countries with the highest tariffs for importing Parts of steam or vapour generating boilers nes were Bahamas (40.2%), Bermuda (25%), Ecuador (22.7%), Maldives (19.6%), and Cambodia (15%).

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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.