HS Icon Marine propulsion engines, diesel

840810 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.98B, Rnk 1009 / 4726

Top Exporter (2018): $764M, Germany

Top Importer (2018): $524M, China

Product Complexity (2018): 1.88, Rnk 83 / 4873

Export Growth (CAGR)(2017 - 2018): -7.81%, Rnk 4244 / 4726

Mean Tariff (2018): 5.17%, Rnk 4017 / 6538

Share of World Trade (2018): 0.016%, Rnk 1009 / 4726

Overview: In 2018, Marine propulsion engines, diesel were the world's 1009th most traded product, with a total trade of $2.98B. Between 2017 and 2018 the exports of Marine propulsion engines, diesel decreased by -7.81%, from  $3.24B to $2.98B. Trade in Marine propulsion engines, diesel represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Marine propulsion engines, diesel  were Germany ($764M), Japan ($416M), South Korea ($393M), Sweden ($254M), and United States ($250M).

Imports: In 2018 the top importers of Marine propulsion engines, diesel were China ($524M), United States ($201M), Italy ($175M), Germany ($143M), and South Korea ($122M).

Tariffs: In 2018 the average tariff for Marine propulsion engines, diesel was 5.17%, been the 4017 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Marine propulsion engines, diesel are Angola (25%), Bermuda (25%), Tunisia (20%), Maldives (20%), and Samoa (20%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Marine propulsion engines, diesel ranks 83rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $764M

Top Destination (2018): China, $524M

Marine propulsion engines, diesel are the world's 1009th most traded product.

In 2018, the top exporters of Marine propulsion engines, diesel were Germany ($764M), Japan ($416M), South Korea ($393M), Sweden ($254M), and United States ($250M).

In 2018, the top importers of Marine propulsion engines, diesel were China ($524M), United States ($201M), Italy ($175M), Germany ($143M), and South Korea ($122M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $53.8M

Top Destination Growth (2017 - 2018): Germany, $73.5M

Between 2017 and 2018, the exports of Marine propulsion engines, diesel grew the fastest in France ($53.8M), Hong Kong ($26.7M), Sweden ($15.1M), Belgium-Luxembourg ($14M), and Norway ($12M).

Between 2017 and 2018, the fastest growing importers of Marine propulsion engines, diesel were Germany ($73.5M), Australia ($28.1M), Russia ($17.2M), Mali ($17.1M), and South Korea ($12.8M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Marine propulsion engines, diesel.

In 2018,  market concentration measured using Shannon Entropy, was 3.58. This means that most of the exports of Marine propulsion engines, diesel are explained by 11 countries.

TOP NET EXPORTER (2018): Germany, $620M

TOP NET IMPORTER (2018): China, $397M

This map shows which countries export or import more of Marine propulsion engines, diesel. Each country is colored based on the difference in exports and imports of Marine propulsion engines, diesel during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Marine propulsion engines, diesel were Germany ($620M), Japan ($368M), South Korea ($271M), Sweden ($234M), and France ($85.5M).

In 2018, the countries that had a largest trade value in imports than exports of Marine propulsion engines, diesel were China ($397M), Philippines ($97.1M), Indonesia ($90.4M), Vietnam ($83.2M), and Italy ($79.3M).

Trade Forecasts

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This section shows forecasts for total trade for Marine propulsion engines, diesel. 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 Marine propulsion engines, diesel was 5.17%.  The countries with the highest tariffs for importing Marine propulsion engines, diesel were Angola (25%), Bermuda (25%), Tunisia (20%), Maldives (20%), and Samoa (20%).

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