HS Icon Parts for diesel and semi-diesel engines

840999 (Harmonized System 1992 for 6-digit)

World Trade (2018): $35.6B, Rnk 66 / 4726

Top Exporter (2018): $8.31B, Germany

Top Importer (2018): $4.86B, United States

Product Complexity (2018): 0.64, Rnk 1406 / 4873

Export Growth (CAGR)(2017 - 2018): 11%, Rnk 2520 / 4726

Mean Tariff (2018): 6.03%, Rnk 3578 / 6538

Share of World Trade (2018): 0.19%, Rnk 66 / 4726

Overview:  This page contains the latest trade data of Parts for diesel and semi-diesel engines. In 2018, Parts for diesel and semi-diesel engines were the world's 66th most traded product, with a total trade of $35.6B. Between 2017 and 2018 the exports of Parts for diesel and semi-diesel engines grew by 11%, from  $32.1B to $35.6B. Trade in Parts for diesel and semi-diesel engines represent 0.19% of total world trade.

Exports: In 2018 the top exporters of Parts for diesel and semi-diesel engines  were Germany ($8.31B), United States ($2.52B), China ($2.49B), Japan ($2.18B), and France ($1.47B).

Imports: In 2018 the top importers of Parts for diesel and semi-diesel engines were United States ($4.86B), Germany ($3.94B), France ($1.95B), United Kingdom ($1.91B), and China ($1.37B).

Tariffs: In 2018 the average tariff for Parts for diesel and semi-diesel engines was 6.03%, been the 3578 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for diesel and semi-diesel engines are Maldives (38%), Bermuda (35%), Pakistan (25.7%), Tunisia (20%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Ghana (0%), Mauritius (0%), Hong Kong (0%), and Japan (0%).

Ranking: Parts for diesel and semi-diesel engines ranks 1406th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $8.31B

Top Destination (2018): United States, $4.86B

Parts for diesel and semi-diesel engines are the world's 66th most traded product.

In 2018, the top exporters of Parts for diesel and semi-diesel engines were Germany ($8.31B), United States ($2.52B), China ($2.49B), Japan ($2.18B), and France ($1.47B).

In 2018, the top importers of Parts for diesel and semi-diesel engines were United States ($4.86B), Germany ($3.94B), France ($1.95B), United Kingdom ($1.91B), and China ($1.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $744M

Top Destination Growth (2017 - 2018): United States, $1.65B

Between 2017 and 2018, the exports of Parts for diesel and semi-diesel engines grew the fastest in Germany ($744M), Netherlands ($424M), Mexico ($391M), China ($371M), and South Korea ($352M).

Between 2017 and 2018, the fastest growing importers of Parts for diesel and semi-diesel engines were United States ($1.65B), United Kingdom ($263M), Germany ($248M), India ($232M), and Brazil ($205M).

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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 Parts for diesel and semi-diesel engines.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Parts for diesel and semi-diesel engines are explained by 22 countries.

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TOP NET EXPORTER (2018): Germany, $4.37B

TOP NET IMPORTER (2018): United States, $2.34B

This map shows which countries export or import more of Parts for diesel and semi-diesel engines. Each country is colored based on the difference in exports and imports of Parts for diesel and semi-diesel engines during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts for diesel and semi-diesel engines were Germany ($4.37B), Japan ($1.29B), China ($1.12B), South Korea ($751M), and Turkey ($508M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts for diesel and semi-diesel engines were United States ($2.34B), United Kingdom ($682M), France ($484M), Sweden ($428M), and Singapore ($399M).

Trade Forecasts

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This section shows forecasts for total trade for Parts for diesel and semi-diesel 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 Parts for diesel and semi-diesel engines was 6.03%.  The countries with the highest tariffs for importing Parts for diesel and semi-diesel engines were Maldives (38%), Bermuda (35%), Pakistan (25.7%), Tunisia (20%), 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.