HS Icon Spark-Ignition Engines

8407 (Harmonized System 1992 for 4-digit)

World Trade (2018): $53.2B, Rnk 67 / 1225

Top Exporter (2018): $7.59B, United States

Top Importer (2018): $11.8B, United States

Product Complexity (2018): 0.66, Rnk 301 / 1018

Export Growth (CAGR)(2017 - 2018): 21.9%, Rnk 294 / 1225

Mean Tariff (2018): 6.28%, Rnk 668 / 1259

Share of World Trade (2018): 0.29%, Rnk 67 / 1225

Overview: In 2018, Spark-Ignition Engines were the world's 67th most traded product, with a total trade of $53.2B. Between 2017 and 2018 the exports of Spark-Ignition Engines grew by 21.9%, from  $43.6B to $53.2B. Trade in Spark-Ignition Engines represent 0.29% of total world trade.

Exports: In 2018 the top exporters of Spark-Ignition Engines  were United States ($7.59B), Japan ($6.94B), Germany ($5.23B), Mexico ($4.12B), and Hungary ($3.92B).

Imports: In 2018 the top importers of Spark-Ignition Engines were United States ($11.8B), Canada ($4.93B), Germany ($4.48B), Mexico ($3.03B), and China ($2.77B).

Tariffs: In 2018 the average tariff for Spark-Ignition Engines was 6.28%, been the 668 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Spark-Ignition Engines are Maldives (35.4%), Laos (30.5%), Bermuda (25%), Pakistan (24%), and Vietnam (23.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Spark-Ignition Engines ranks 301st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $7.59B

Top Destination (2018): United States, $11.8B

Spark-Ignition Engines are the world's 67th most traded product.

In 2018, the top exporters of Spark-Ignition Engines were United States ($7.59B), Japan ($6.94B), Germany ($5.23B), Mexico ($4.12B), and Hungary ($3.92B).

In 2018, the top importers of Spark-Ignition Engines were United States ($11.8B), Canada ($4.93B), Germany ($4.48B), Mexico ($3.03B), and China ($2.77B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $1.39B

Top Destination Growth (2017 - 2018): Spain, $821M

Between 2017 and 2018, the exports of Spark-Ignition Engines grew the fastest in France ($1.39B), Thailand ($1.04B), Japan ($991M), United Arab Emirates ($692M), and Singapore ($601M).

Between 2017 and 2018, the fastest growing importers of Spark-Ignition Engines were Spain ($821M), Hong Kong ($723M), China ($654M), United States ($623M), and Germany ($539M).

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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 Spark-Ignition Engines.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Spark-Ignition Engines are explained by 19 countries.

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TOP NET EXPORTER (2018): Japan, $5.94B

TOP NET IMPORTER (2018): United States, $4.23B

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

In 2018, the countries that had a largest trade value in exports than in imports of Spark-Ignition Engines were Japan ($5.94B), Hungary ($3.21B), Austria ($2.14B), Thailand ($1.19B), and Mexico ($1.09B).

In 2018, the countries that had a largest trade value in imports than in exports of Spark-Ignition Engines were United States ($4.23B), Canada ($2.47B), Spain ($1.4B), Russia ($1.2B), and Slovakia ($809M).

Trade Forecasts

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This section shows forecasts for total trade for Spark-Ignition Engines. 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 Spark-Ignition Engines was 6.28%.  The countries with the highest tariffs for importing Spark-Ignition Engines were Maldives (35.4%), Laos (30.5%), Bermuda (25%), Pakistan (24%), and Vietnam (23.5%).

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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.