HS Icon Engines, diesel, for motor vehicles

840820 (Harmonized System 1992 for 6-digit)

World Trade (2018): $32.7B, Rnk 72 / 4726

Top Exporter (2018): $5.54B, United States

Top Importer (2018): $5.32B, Mexico

Product Complexity (2018): 1.07, Rnk 662 / 4873

Export Growth (CAGR)(2017 - 2018): 3.22%, Rnk 3528 / 4726

Mean Tariff (2018): 7.1%, Rnk 3164 / 6538

Share of World Trade (2018): 0.18%, Rnk 72 / 4726

Overview: In 2018, Engines, diesel, for motor vehicles were the world's 72nd most traded product, with a total trade of $32.7B. Between 2017 and 2018 the exports of Engines, diesel, for motor vehicles grew by 3.22%, from  $31.6B to $32.7B. Trade in Engines, diesel, for motor vehicles represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Engines, diesel, for motor vehicles  were United States ($5.54B), Germany ($4.6B), Hungary ($2.21B), Austria ($2.2B), and United Kingdom ($2.2B).

Imports: In 2018 the top importers of Engines, diesel, for motor vehicles were Mexico ($5.32B), Germany ($3.85B), United States ($3.41B), Turkey ($2.09B), and Spain ($1.98B).

Tariffs: In 2018 the average tariff for Engines, diesel, for motor vehicles was 7.1%, been the 3164 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, diesel, for motor vehicles are Maldives (48.8%), Pakistan (35%), Trinidad and Tobago (28.4%), Angola (25%), and Bermuda (25%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Engines, diesel, for motor vehicles ranks 662nd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $5.54B

Top Destination (2018): Mexico, $5.32B

Engines, diesel, for motor vehicles are the world's 72nd most traded product.

In 2018, the top exporters of Engines, diesel, for motor vehicles were United States ($5.54B), Germany ($4.6B), Hungary ($2.21B), Austria ($2.2B), and United Kingdom ($2.2B).

In 2018, the top importers of Engines, diesel, for motor vehicles were Mexico ($5.32B), Germany ($3.85B), United States ($3.41B), Turkey ($2.09B), and Spain ($1.98B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $916M

Top Destination Growth (2017 - 2018): Mexico, $876M

Between 2017 and 2018, the exports of Engines, diesel, for motor vehicles grew the fastest in United States ($916M), Thailand ($378M), Germany ($293M), United Kingdom ($163M), and Italy ($158M).

Between 2017 and 2018, the fastest growing importers of Engines, diesel, for motor vehicles were Mexico ($876M), South Africa ($367M), United Kingdom ($245M), Thailand ($199M), and Austria ($154M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Engines, diesel, for motor vehicles.

In 2018,  market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Engines, diesel, for motor vehicles are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2018): United States, $2.13B

TOP NET IMPORTER (2018): Mexico, $3.86B

This map shows which countries export or import more of Engines, diesel, for motor vehicles. Each country is colored based on the difference in exports and imports of Engines, diesel, for motor vehicles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Engines, diesel, for motor vehicles were United States ($2.13B), Hungary ($1.97B), Austria ($1.72B), Sweden ($1.7B), and Italy ($1.34B).

In 2018, the countries that had a largest trade value in imports than in exports of Engines, diesel, for motor vehicles were Mexico ($3.86B), Turkey ($1.8B), Czechia ($1.11B), Belgium-Luxembourg ($756M), and Russia ($627M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Engines, diesel, for motor vehicles. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Engines, diesel, for motor vehicles was 7.1%.  The countries with the highest tariffs for importing Engines, diesel, for motor vehicles were Maldives (48.8%), Pakistan (35%), Trinidad and Tobago (28.4%), Angola (25%), and Bermuda (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.