HS Icon Water filtering or purifying machinery or apparatus

842121 (Harmonized System 1992 for 6-digit)

World Trade (2018): $8.61B, Rnk 366 / 4726

Top Exporter (2018): $1.23B, Germany

Top Importer (2018): $1.11B, United States

Product Complexity (2018): 0.88, Rnk 994 / 4873

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 2170 / 4726

Mean Tariff (2018): 4.31%, Rnk 4693 / 6538

Share of World Trade (2018): 0.047%, Rnk 366 / 4726

Overview:  This page contains the latest trade data of Water filtering or purifying machinery or apparatus. In 2018, Water filtering or purifying machinery or apparatus were the world's 366th most traded product, with a total trade of $8.61B. Between 2017 and 2018 the exports of Water filtering or purifying machinery or apparatus grew by 13.2%, from  $7.61B to $8.61B. Trade in Water filtering or purifying machinery or apparatus represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Water filtering or purifying machinery or apparatus  were Germany ($1.23B), China ($1.15B), United States ($1.04B), South Korea ($570M), and Italy ($508M).

Imports: In 2018 the top importers of Water filtering or purifying machinery or apparatus were United States ($1.11B), China ($597M), Germany ($427M), France ($357M), and Canada ($290M).

Tariffs: In 2018 the average tariff for Water filtering or purifying machinery or apparatus was 4.31%, been the 4693 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Water filtering or purifying machinery or apparatus are Bahamas (40.2%), Maldives (19.6%), Pakistan (15.9%), Zambia (13.6%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Water filtering or purifying machinery or apparatus ranks 994th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.23B

Top Destination (2018): United States, $1.11B

Water filtering or purifying machinery or apparatus are the world's 366th most traded product.

In 2018, the top exporters of Water filtering or purifying machinery or apparatus were Germany ($1.23B), China ($1.15B), United States ($1.04B), South Korea ($570M), and Italy ($508M).

In 2018, the top importers of Water filtering or purifying machinery or apparatus were United States ($1.11B), China ($597M), Germany ($427M), France ($357M), and Canada ($290M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $198M

Top Destination Growth (2017 - 2018): China, $134M

Between 2017 and 2018, the exports of Water filtering or purifying machinery or apparatus grew the fastest in Germany ($198M), South Korea ($125M), Belgium-Luxembourg ($91.4M), United States ($83M), and Netherlands ($81.9M).

Between 2017 and 2018, the fastest growing importers of Water filtering or purifying machinery or apparatus were China ($134M), Germany ($113M), Singapore ($63.7M), United Kingdom ($56.9M), and Netherlands ($52.3M).

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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 Water filtering or purifying machinery or apparatus.

In 2018,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Water filtering or purifying machinery or apparatus are explained by 22 countries.

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TOP NET EXPORTER (2018): Germany, $801M

TOP NET IMPORTER (2018): Russia, $171M

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

In 2018, the countries that had a largest trade value in exports than in imports of Water filtering or purifying machinery or apparatus were Germany ($801M), China ($553M), South Korea ($432M), Italy ($358M), and Israel ($129M).

In 2018, the countries that had a largest trade value in imports than in exports of Water filtering or purifying machinery or apparatus were Russia ($171M), Malaysia ($164M), Indonesia ($156M), Egypt ($130M), and Australia ($107M).

Trade Forecasts

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This section shows forecasts for total trade for Water filtering or purifying machinery or apparatus. 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 Water filtering or purifying machinery or apparatus was 4.31%.  The countries with the highest tariffs for importing Water filtering or purifying machinery or apparatus were Bahamas (40.2%), Maldives (19.6%), Pakistan (15.9%), Zambia (13.6%), and Venezuela (13.4%).

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Product Complexity

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Diversification Frontier

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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.