HS Icon Boiler Plants

8404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.77B, Rnk 767 / 1225

Top Exporter (2018): $606M, China

Top Importer (2018): $317M, Indonesia

Product Complexity (2018): 0.85, Rnk 225 / 1018

Export Growth (CAGR)(2017 - 2018): 0.74%, Rnk 1068 / 1225

Mean Tariff (2018): 4.04%, Rnk 986 / 1259

Share of World Trade (2018): 0.0096%, Rnk 767 / 1225

Overview:  This page contains the latest trade data of Boiler Plants. In 2018, Boiler Plants were the world's 767th most traded product, with a total trade of $1.77B. Between 2017 and 2018 the exports of Boiler Plants grew by 0.74%, from  $1.76B to $1.77B. Trade in Boiler Plants represent 0.0096% of total world trade.

Exports: In 2018 the top exporters of Boiler Plants  were China ($606M), Italy ($95.8M), Finland ($90.3M), Germany ($86.4M), and South Korea ($79.9M).

Imports: In 2018 the top importers of Boiler Plants were Indonesia ($317M), United States ($121M), Japan ($101M), Philippines ($57.4M), and Malaysia ($51.5M).

Tariffs: In 2018 the average tariff for Boiler Plants was 4.04%, been the 986 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Boiler Plants are Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Maldives (19.6%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Boiler Plants ranks 225th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $606M

Top Destination (2018): Indonesia, $317M

Boiler Plants are the world's 767th most traded product.

In 2018, the top exporters of Boiler Plants were China ($606M), Italy ($95.8M), Finland ($90.3M), Germany ($86.4M), and South Korea ($79.9M).

In 2018, the top importers of Boiler Plants were Indonesia ($317M), United States ($121M), Japan ($101M), Philippines ($57.4M), and Malaysia ($51.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $154M

Top Destination Growth (2017 - 2018): Indonesia, $192M

Between 2017 and 2018, the exports of Boiler Plants grew the fastest in China ($154M), Finland ($60.1M), Mexico ($21.7M), Switzerland ($21.6M), and Spain ($19.8M).

Between 2017 and 2018, the fastest growing importers of Boiler Plants were Indonesia ($192M), Japan ($72.4M), Jordan ($35.9M), Denmark ($27.6M), and France ($23.5M).

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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 Boiler Plants.

In 2018,  market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Boiler Plants are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $580M

TOP NET IMPORTER (2018): Indonesia, $296M

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

In 2018, the countries that had a largest trade value in exports than in imports of Boiler Plants were China ($580M), Finland ($74.8M), Italy ($68M), South Korea ($59.9M), and India ($48.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Boiler Plants were Indonesia ($296M), Malaysia ($45.7M), United States ($44.9M), Philippines ($44.4M), and Jordan ($42.7M).

Trade Forecasts

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This section shows forecasts for total trade for Boiler Plants. 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 Boiler Plants was 4.04%.  The countries with the highest tariffs for importing Boiler Plants were Bahamas (40.2%), Bermuda (25%), Ecuador (22.8%), Maldives (19.6%), and Venezuela (13.4%).

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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.