HS Icon Air or gas compressors, hoods

841480 (Harmonized System 1992 for 6-digit)

World Trade (2018): $21.4B, Rnk 123 / 4726

Top Exporter (2018): $3.59B, Germany

Top Importer (2018): $2.64B, United States

Product Complexity (2018): 1.22, Rnk 461 / 4873

Export Growth (CAGR)(2017 - 2018): 11.1%, Rnk 2509 / 4726

Mean Tariff (2018): 5.33%, Rnk 3936 / 6538

Share of World Trade (2018): 0.12%, Rnk 123 / 4726

Overview:  This page contains the latest trade data of Air or gas compressors, hoods. In 2018, Air or gas compressors, hoods were the world's 123rd most traded product, with a total trade of $21.4B. Between 2017 and 2018 the exports of Air or gas compressors, hoods grew by 11.1%, from  $19.3B to $21.4B. Trade in Air or gas compressors, hoods represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Air or gas compressors, hoods  were Germany ($3.59B), China ($2.78B), United States ($2.29B), Italy ($1.08B), and Japan ($954M).

Imports: In 2018 the top importers of Air or gas compressors, hoods were United States ($2.64B), Germany ($1.91B), China ($1.41B), United Kingdom ($1.14B), and France ($878M).

Tariffs: In 2018 the average tariff for Air or gas compressors, hoods was 5.33%, been the 3936 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Air or gas compressors, hoods are Bahamas (40.2%), Algeria (28.9%), Maldives (22.5%), Sudan (21.9%), and Mauritania (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Air or gas compressors, hoods ranks 461st in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $3.59B

Top Destination (2018): United States, $2.64B

Air or gas compressors, hoods are the world's 123rd most traded product.

In 2018, the top exporters of Air or gas compressors, hoods were Germany ($3.59B), China ($2.78B), United States ($2.29B), Italy ($1.08B), and Japan ($954M).

In 2018, the top importers of Air or gas compressors, hoods were United States ($2.64B), Germany ($1.91B), China ($1.41B), United Kingdom ($1.14B), and France ($878M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $719M

Top Destination Growth (2017 - 2018): China, $560M

Between 2017 and 2018, the exports of Air or gas compressors, hoods grew the fastest in Germany ($719M), Romania ($406M), Slovakia ($214M), Poland ($164M), and Thailand ($163M).

Between 2017 and 2018, the fastest growing importers of Air or gas compressors, hoods were China ($560M), Germany ($534M), United States ($328M), Kazakhstan ($150M), and United Kingdom ($146M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Air or gas compressors, hoods.

In 2018,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Air or gas compressors, hoods are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $1.68B

TOP NET IMPORTER (2018): Sweden, $458M

This map shows which countries export or import more of Air or gas compressors, hoods. Each country is colored based on the difference in exports and imports of Air or gas compressors, hoods during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Air or gas compressors, hoods were Germany ($1.68B), China ($1.36B), Romania ($704M), Belgium-Luxembourg ($526M), and Slovakia ($458M).

In 2018, the countries that had a largest trade value in imports than in exports of Air or gas compressors, hoods were Sweden ($458M), United Kingdom ($440M), Russia ($414M), Spain ($384M), and Iran ($376M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Air or gas compressors, hoods. 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 Air or gas compressors, hoods was 5.33%.  The countries with the highest tariffs for importing Air or gas compressors, hoods were Bahamas (40.2%), Algeria (28.9%), Maldives (22.5%), Sudan (21.9%), and Mauritania (20%).

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.