HS Icon Rolling Machines

8420 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.49B, Rnk 817 / 1225

Top Exporter (2018): $302M, Germany

Top Importer (2018): $281M, China

Product Complexity (2018): 1.91, Rnk 11 / 1018

Export Growth (CAGR)(2017 - 2018): 13.6%, Rnk 587 / 1225

Mean Tariff (2018): 4.34%, Rnk 933 / 1259

Share of World Trade (2018): 0.0081%, Rnk 817 / 1225

Overview: In 2018, Rolling Machines were the world's 817th most traded product, with a total trade of $1.49B. Between 2017 and 2018 the exports of Rolling Machines grew by 13.6%, from  $1.32B to $1.49B. Trade in Rolling Machines represent 0.0081% of total world trade.

Exports: In 2018 the top exporters of Rolling Machines  were Germany ($302M), Italy ($238M), South Korea ($133M), China ($128M), and Japan ($122M).

Imports: In 2018 the top importers of Rolling Machines were China ($281M), United States ($153M), Germany ($99.3M), Poland ($70.2M), and Italy ($47.8M).

Tariffs: In 2018 the average tariff for Rolling Machines was 4.34%, been the 933 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rolling Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Ethiopia (14.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Rolling Machines ranks 11th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $302M

Top Destination (2018): China, $281M

Rolling Machines are the world's 817th most traded product.

In 2018, the top exporters of Rolling Machines were Germany ($302M), Italy ($238M), South Korea ($133M), China ($128M), and Japan ($122M).

In 2018, the top importers of Rolling Machines were China ($281M), United States ($153M), Germany ($99.3M), Poland ($70.2M), and Italy ($47.8M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $64.3M

Top Destination Growth (2017 - 2018): Poland, $59.7M

Between 2017 and 2018, the exports of Rolling Machines grew the fastest in Germany ($64.3M), South Korea ($52.5M), Austria ($29.8M), Russia ($20.2M), and Belgium-Luxembourg ($12.1M).

Between 2017 and 2018, the fastest growing importers of Rolling Machines were Poland ($59.7M), Czechia ($29.1M), Germany ($23.1M), Thailand ($20.9M), and Kazakhstan ($20.8M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Rolling Machines.

In 2018,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Rolling Machines are explained by 16 countries.

TOP NET EXPORTER (2018): Germany, $203M

TOP NET IMPORTER (2018): China, $153M

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

In 2018, the countries that had a largest trade value in exports than imports of Rolling Machines were Germany ($203M), Italy ($190M), South Korea ($103M), Japan ($97.2M), and Chinese Taipei ($60.8M).

In 2018, the countries that had a largest trade value in imports than exports of Rolling Machines were China ($153M), United States ($91.3M), Poland ($63.7M), Vietnam ($35.9M), and Mexico ($35.9M).

Trade Forecasts

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This section shows forecasts for total trade for Rolling Machines. 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 Rolling Machines was 4.34%.  The countries with the highest tariffs for importing Rolling Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Ethiopia (14.9%).

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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.