HS Icon Instantaneous/storage water heaters, not electric nes

841919 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.89B, Rnk 1384 / 4726

Top Exporter (2018): $432M, Mexico

Top Importer (2018): $470M, United States

Product Complexity (2018): 0.4, Rnk 1884 / 4873

Export Growth (CAGR)(2017 - 2018): 12.9%, Rnk 2220 / 4726

Mean Tariff (2018): 9.96%, Rnk 2279 / 6538

Share of World Trade (2018): 0.01%, Rnk 1384 / 4726

Overview:  This page contains the latest trade data of Instantaneous/storage water heaters, not electric nes. In 2018, Instantaneous/storage water heaters, not electric nes were the world's 1384th most traded product, with a total trade of $1.89B. Between 2017 and 2018 the exports of Instantaneous/storage water heaters, not electric nes grew by 12.9%, from  $1.68B to $1.89B. Trade in Instantaneous/storage water heaters, not electric nes represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Instantaneous/storage water heaters, not electric nes  were Mexico ($432M), China ($206M), Germany ($201M), United States ($192M), and Italy ($116M).

Imports: In 2018 the top importers of Instantaneous/storage water heaters, not electric nes were United States ($470M), Germany ($230M), Canada ($161M), Mexico ($103M), and France ($81M).

Tariffs: In 2018 the average tariff for Instantaneous/storage water heaters, not electric nes was 9.96%, been the 2279 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Instantaneous/storage water heaters, not electric nes are Syria (50.6%), Iran (45%), China (27.6%), Algeria (26.6%), and Aruba (22%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Instantaneous/storage water heaters, not electric nes ranks 1884th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $432M

Top Destination (2018): United States, $470M

Instantaneous/storage water heaters, not electric nes are the world's 1384th most traded product.

In 2018, the top exporters of Instantaneous/storage water heaters, not electric nes were Mexico ($432M), China ($206M), Germany ($201M), United States ($192M), and Italy ($116M).

In 2018, the top importers of Instantaneous/storage water heaters, not electric nes were United States ($470M), Germany ($230M), Canada ($161M), Mexico ($103M), and France ($81M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $86M

Top Destination Growth (2017 - 2018): United States, $83.9M

Between 2017 and 2018, the exports of Instantaneous/storage water heaters, not electric nes grew the fastest in Mexico ($86M), Italy ($21.7M), China ($19.2M), Austria ($12.1M), and Germany ($11.3M).

Between 2017 and 2018, the fastest growing importers of Instantaneous/storage water heaters, not electric nes were United States ($83.9M), Mexico ($37.1M), Canada ($20M), Netherlands ($15.9M), and Poland ($15.9M).

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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 Instantaneous/storage water heaters, not electric nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Instantaneous/storage water heaters, not electric nes are explained by 16 countries.

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TOP NET EXPORTER (2018): Mexico, $329M

TOP NET IMPORTER (2018): United States, $278M

This map shows which countries export or import more of Instantaneous/storage water heaters, not electric nes. Each country is colored based on the difference in exports and imports of Instantaneous/storage water heaters, not electric nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Instantaneous/storage water heaters, not electric nes were Mexico ($329M), China ($184M), Italy ($61.7M), Austria ($42.9M), and Poland ($42.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Instantaneous/storage water heaters, not electric nes were United States ($278M), Canada ($156M), Switzerland ($44.3M), United Kingdom ($33.6M), and Russia ($30.2M).

Trade Forecasts

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This section shows forecasts for total trade for Instantaneous/storage water heaters, not electric nes. 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 Instantaneous/storage water heaters, not electric nes was 9.96%.  The countries with the highest tariffs for importing Instantaneous/storage water heaters, not electric nes were Syria (50.6%), Iran (45%), China (27.6%), Algeria (26.6%), and Aruba (22%).

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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.