HS Icon Engines, spark-ignition type nes

840790 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.38B, Rnk 904 / 4726

Top Exporter (2018): $998M, China

Top Importer (2018): $1.08B, United States

Product Complexity (2018): 1.1, Rnk 615 / 4873

Export Growth (CAGR)(2017 - 2018): 15.2%, Rnk 1877 / 4726

Mean Tariff (2018): 6.4%, Rnk 3426 / 6538

Share of World Trade (2018): 0.018%, Rnk 904 / 4726

Overview:  This page contains the latest trade data of Engines, spark-ignition type nes. In 2018, Engines, spark-ignition type nes were the world's 904th most traded product, with a total trade of $3.38B. Between 2017 and 2018 the exports of Engines, spark-ignition type nes grew by 15.2%, from  $2.94B to $3.38B. Trade in Engines, spark-ignition type nes represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Engines, spark-ignition type nes  were China ($998M), United States ($657M), Japan ($470M), Thailand ($409M), and Italy ($363M).

Imports: In 2018 the top importers of Engines, spark-ignition type nes were United States ($1.08B), China ($198M), Canada ($181M), Bangladesh ($159M), and Mexico ($148M).

Tariffs: In 2018 the average tariff for Engines, spark-ignition type nes was 6.4%, been the 3426 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, spark-ignition type nes are Laos (38.3%), Maldives (30.5%), Angola (25%), Bermuda (25%), and Samoa (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Engines, spark-ignition type nes ranks 615th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $998M

Top Destination (2018): United States, $1.08B

Engines, spark-ignition type nes are the world's 904th most traded product.

In 2018, the top exporters of Engines, spark-ignition type nes were China ($998M), United States ($657M), Japan ($470M), Thailand ($409M), and Italy ($363M).

In 2018, the top importers of Engines, spark-ignition type nes were United States ($1.08B), China ($198M), Canada ($181M), Bangladesh ($159M), and Mexico ($148M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $152M

Top Destination Growth (2017 - 2018): United States, $146M

Between 2017 and 2018, the exports of Engines, spark-ignition type nes grew the fastest in Italy ($152M), Thailand ($83.5M), China ($78.7M), Belgium-Luxembourg ($40.8M), and United States ($16.8M).

Between 2017 and 2018, the fastest growing importers of Engines, spark-ignition type nes were United States ($146M), Bangladesh ($74M), Indonesia ($63.9M), Germany ($35.1M), and Burma ($32.2M).

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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 Engines, spark-ignition type nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.08. This means that most of the exports of Engines, spark-ignition type nes are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $800M

TOP NET IMPORTER (2018): United States, $420M

This map shows which countries export or import more of Engines, spark-ignition type nes. Each country is colored based on the difference in exports and imports of Engines, spark-ignition type nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Engines, spark-ignition type nes were China ($800M), Thailand ($383M), Japan ($364M), Italy ($267M), and Finland ($51.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Engines, spark-ignition type nes were United States ($420M), Canada ($156M), Mexico ($146M), Indonesia ($110M), and Australia ($67.8M).

Trade Forecasts

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This section shows forecasts for total trade for Engines, spark-ignition type 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 Engines, spark-ignition type nes was 6.4%.  The countries with the highest tariffs for importing Engines, spark-ignition type nes were Laos (38.3%), Maldives (30.5%), Angola (25%), Bermuda (25%), and Samoa (20%).

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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.