HS Icon Machinery for treatment by temperature change nes

841989 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.65B, Rnk 362 / 4726

Top Exporter (2018): $2.13B, Germany

Top Importer (2018): $1.03B, United States

Product Complexity (2018): 1.02, Rnk 749 / 4873

Export Growth (CAGR)(2017 - 2018): 6.62%, Rnk 3134 / 4726

Mean Tariff (2018): 5.33%, Rnk 3938 / 6538

Share of World Trade (2018): 0.047%, Rnk 362 / 4726

Overview:  This page contains the latest trade data of Machinery for treatment by temperature change nes. In 2018, Machinery for treatment by temperature change nes were the world's 362nd most traded product, with a total trade of $8.65B. Between 2017 and 2018 the exports of Machinery for treatment by temperature change nes grew by 6.62%, from  $8.12B to $8.65B. Trade in Machinery for treatment by temperature change nes represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Machinery for treatment by temperature change nes  were Germany ($2.13B), China ($1.01B), Italy ($668M), United States ($648M), and Japan ($549M).

Imports: In 2018 the top importers of Machinery for treatment by temperature change nes were United States ($1.03B), Russia ($902M), China ($871M), Germany ($372M), and South Korea ($309M).

Tariffs: In 2018 the average tariff for Machinery for treatment by temperature change nes was 5.33%, been the 3938 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machinery for treatment by temperature change nes are Bahamas (40.2%), Algeria (26.6%), Bermuda (25%), Iran (21%), and Pakistan (19.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Machinery for treatment by temperature change nes ranks 749th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.13B

Top Destination (2018): United States, $1.03B

Machinery for treatment by temperature change nes are the world's 362nd most traded product.

In 2018, the top exporters of Machinery for treatment by temperature change nes were Germany ($2.13B), China ($1.01B), Italy ($668M), United States ($648M), and Japan ($549M).

In 2018, the top importers of Machinery for treatment by temperature change nes were United States ($1.03B), Russia ($902M), China ($871M), Germany ($372M), and South Korea ($309M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $691M

Top Destination Growth (2017 - 2018): United States, $241M

Between 2017 and 2018, the exports of Machinery for treatment by temperature change nes grew the fastest in Germany ($691M), Japan ($91.6M), Mexico ($87.3M), Netherlands ($81.2M), and Chinese Taipei ($80.9M).

Between 2017 and 2018, the fastest growing importers of Machinery for treatment by temperature change nes were United States ($241M), China ($205M), Russia ($191M), Germany ($85.7M), and Iran ($63M).

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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 Machinery for treatment by temperature change nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Machinery for treatment by temperature change nes are explained by 18 countries.

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TOP NET EXPORTER (2018): Germany, $1.76B

TOP NET IMPORTER (2018): Russia, $841M

This map shows which countries export or import more of Machinery for treatment by temperature change nes. Each country is colored based on the difference in exports and imports of Machinery for treatment by temperature change nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Machinery for treatment by temperature change nes were Germany ($1.76B), Italy ($555M), Japan ($300M), Switzerland ($194M), and South Korea ($193M).

In 2018, the countries that had a largest trade value in imports than in exports of Machinery for treatment by temperature change nes were Russia ($841M), United States ($381M), Vietnam ($157M), Iran ($117M), and Saudi Arabia ($106M).

Trade Forecasts

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This section shows forecasts for total trade for Machinery for treatment by temperature change 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 Machinery for treatment by temperature change nes was 5.33%.  The countries with the highest tariffs for importing Machinery for treatment by temperature change nes were Bahamas (40.2%), Algeria (26.6%), Bermuda (25%), Iran (21%), and Pakistan (19.9%).

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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.