HS Icon Other Engines

8412 (Harmonized System 1992 for 4-digit)

World Trade (2018): $23.3B, Rnk 164 / 1225

Top Exporter (2018): $3.98B, Germany

Top Importer (2018): $4.53B, United States

Product Complexity (2018): 1.04, Rnk 162 / 1018

Export Growth (CAGR)(2017 - 2018): 19.6%, Rnk 346 / 1225

Mean Tariff (2018): 3.38%, Rnk 1095 / 1259

Share of World Trade (2018): 0.13%, Rnk 164 / 1225

Overview: In 2018, Other Engines were the world's 164th most traded product, with a total trade of $23.3B. Between 2017 and 2018 the exports of Other Engines grew by 19.6%, from  $19.5B to $23.3B. Trade in Other Engines represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Other Engines  were Germany ($3.98B), China ($2.99B), United States ($2.8B), Japan ($1.63B), and Denmark ($1.27B).

Imports: In 2018 the top importers of Other Engines were United States ($4.53B), Germany ($2.24B), China ($1.8B), United Kingdom ($1.14B), and France ($919M).

Tariffs: In 2018 the average tariff for Other Engines was 3.38%, been the 1095 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Engines are Bahamas (35.1%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Other Engines ranks 162nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.98B

Top Destination (2018): United States, $4.53B

Other Engines are the world's 164th most traded product.

In 2018, the top exporters of Other Engines were Germany ($3.98B), China ($2.99B), United States ($2.8B), Japan ($1.63B), and Denmark ($1.27B).

In 2018, the top importers of Other Engines were United States ($4.53B), Germany ($2.24B), China ($1.8B), United Kingdom ($1.14B), and France ($919M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $944M

Top Destination Growth (2017 - 2018): China, $303M

Between 2017 and 2018, the exports of Other Engines grew the fastest in China ($944M), Germany ($864M), United States ($535M), Denmark ($432M), and South Korea ($265M).

Between 2017 and 2018, the fastest growing importers of Other Engines were China ($303M), France ($280M), United Kingdom ($274M), Mexico ($265M), and Netherlands ($255M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Engines.

In 2018,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Other Engines are explained by 22 countries.

TOP NET EXPORTER (2018): Germany, $1.73B

TOP NET IMPORTER (2018): United States, $1.73B

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

In 2018, the countries that had a largest trade value in exports than imports of Other Engines were Germany ($1.73B), China ($1.19B), Denmark ($1.03B), Japan ($948M), and South Korea ($404M).

In 2018, the countries that had a largest trade value in imports than exports of Other Engines were United States ($1.73B), Australia ($434M), Mexico ($339M), United Kingdom ($298M), and Netherlands ($224M).

Trade Forecasts

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This section shows forecasts for total trade for Other 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 Other Engines was 3.38%.  The countries with the highest tariffs for importing Other Engines were Bahamas (35.1%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Nepal (14.8%).

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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.