HS Icon Centrifuges

8421 (Harmonized System 1992 for 4-digit)

World Trade (2018): $68.8B, Rnk 38 / 1225

Top Exporter (2018): $13.4B, Germany

Top Importer (2018): $8.86B, United States

Product Complexity (2018): 0.8, Rnk 238 / 1018

Export Growth (CAGR)(2017 - 2018): 12.6%, Rnk 639 / 1225

Mean Tariff (2018): 5.11%, Rnk 807 / 1259

Share of World Trade (2018): 0.37%, Rnk 38 / 1225

Overview:  This page contains the latest trade data of Centrifuges. In 2018, Centrifuges were the world's 38th most traded product, with a total trade of $68.8B. Between 2017 and 2018 the exports of Centrifuges grew by 12.6%, from  $61.1B to $68.8B. Trade in Centrifuges represent 0.37% of total world trade.

Exports: In 2018 the top exporters of Centrifuges  were Germany ($13.4B), United States ($9.75B), China ($7.24B), United Kingdom ($3.05B), and Japan ($2.87B).

Imports: In 2018 the top importers of Centrifuges were United States ($8.86B), Germany ($6.16B), China ($4.63B), France ($2.73B), and Mexico ($2.5B).

Tariffs: In 2018 the average tariff for Centrifuges was 5.11%, been the 807 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Centrifuges are Bahamas (37.2%), Maldives (21.8%), Bermuda (18.8%), Pakistan (18.2%), and Zambia (14.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Centrifuges ranks 238th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $13.4B

Top Destination (2018): United States, $8.86B

Centrifuges are the world's 38th most traded product.

In 2018, the top exporters of Centrifuges were Germany ($13.4B), United States ($9.75B), China ($7.24B), United Kingdom ($3.05B), and Japan ($2.87B).

In 2018, the top importers of Centrifuges were United States ($8.86B), Germany ($6.16B), China ($4.63B), France ($2.73B), and Mexico ($2.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $2.08B

Top Destination Growth (2017 - 2018): United States, $744M

Between 2017 and 2018, the exports of Centrifuges grew the fastest in Germany ($2.08B), United States ($1.38B), Belgium-Luxembourg ($634M), China ($556M), and Poland ($485M).

Between 2017 and 2018, the fastest growing importers of Centrifuges were United States ($744M), Germany ($576M), China ($572M), Netherlands ($506M), and Japan ($416M).

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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 Centrifuges.

In 2018,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Centrifuges are explained by 21 countries.

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TOP NET EXPORTER (2018): Germany, $7.23B

TOP NET IMPORTER (2018): Russia, $1.32B

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

In 2018, the countries that had a largest trade value in exports than in imports of Centrifuges were Germany ($7.23B), China ($2.61B), South Africa ($1.15B), Italy ($1.04B), and Japan ($986M).

In 2018, the countries that had a largest trade value in imports than in exports of Centrifuges were Russia ($1.32B), Canada ($1B), Australia ($804M), Spain ($797M), and Turkey ($672M).

Trade Forecasts

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This section shows forecasts for total trade for Centrifuges. 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 Centrifuges was 5.11%.  The countries with the highest tariffs for importing Centrifuges were Bahamas (37.2%), Maldives (21.8%), Bermuda (18.8%), Pakistan (18.2%), and Zambia (14.4%).

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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.