HS Icon Weighing machinery having a capacity of 30-5000 kg

842382 (Harmonized System 1992 for 6-digit)

World Trade (2018): $639M, Rnk 2522 / 4726

Top Exporter (2018): $153M, China

Top Importer (2018): $164M, United States

Product Complexity (2018): 0.85, Rnk 1030 / 4873

Export Growth (CAGR)(2017 - 2018): 22.9%, Rnk 1177 / 4726

Mean Tariff (2018): 7.55%, Rnk 2991 / 6538

Share of World Trade (2018): 0.0035%, Rnk 2522 / 4726

Overview:  This page contains the latest trade data of Weighing machinery having a capacity of 30-5000 kg. In 2018, Weighing machinery having a capacity of 30-5000 kg were the world's 2522nd most traded product, with a total trade of $639M. Between 2017 and 2018 the exports of Weighing machinery having a capacity of 30-5000 kg grew by 22.9%, from  $520M to $639M. Trade in Weighing machinery having a capacity of 30-5000 kg represent 0.0035% of total world trade.

Exports: In 2018 the top exporters of Weighing machinery having a capacity of 30-5000 kg  were China ($153M), United States ($122M), Germany ($97.1M), Mexico ($85.2M), and Netherlands ($61.5M).

Imports: In 2018 the top importers of Weighing machinery having a capacity of 30-5000 kg were United States ($164M), Netherlands ($51.7M), Canada ($48.4M), Germany ($44.1M), and Mexico ($43.1M).

Tariffs: In 2018 the average tariff for Weighing machinery having a capacity of 30-5000 kg was 7.55%, been the 2991 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Weighing machinery having a capacity of 30-5000 kg are Bahamas (40.2%), Iran (35%), Sri Lanka (29.3%), Bermuda (25%), and Sudan (21.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Weighing machinery having a capacity of 30-5000 kg ranks 1030th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $153M

Top Destination (2018): United States, $164M

Weighing machinery having a capacity of 30-5000 kg are the world's 2522nd most traded product.

In 2018, the top exporters of Weighing machinery having a capacity of 30-5000 kg were China ($153M), United States ($122M), Germany ($97.1M), Mexico ($85.2M), and Netherlands ($61.5M).

In 2018, the top importers of Weighing machinery having a capacity of 30-5000 kg were United States ($164M), Netherlands ($51.7M), Canada ($48.4M), Germany ($44.1M), and Mexico ($43.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $65.2M

Top Destination Growth (2017 - 2018): Canada, $29.9M

Between 2017 and 2018, the exports of Weighing machinery having a capacity of 30-5000 kg grew the fastest in United States ($65.2M), Netherlands ($25.8M), Germany ($19.3M), Mexico ($8.66M), and China ($4.38M).

Between 2017 and 2018, the fastest growing importers of Weighing machinery having a capacity of 30-5000 kg were Canada ($29.9M), Netherlands ($23M), Germany ($17M), Mexico ($12.5M), and United Kingdom ($6.22M).

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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 Weighing machinery having a capacity of 30-5000 kg.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Weighing machinery having a capacity of 30-5000 kg are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $142M

TOP NET IMPORTER (2018): United States, $42.2M

This map shows which countries export or import more of Weighing machinery having a capacity of 30-5000 kg. Each country is colored based on the difference in exports and imports of Weighing machinery having a capacity of 30-5000 kg during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Weighing machinery having a capacity of 30-5000 kg were China ($142M), Germany ($53M), Mexico ($42.1M), Japan ($11.9M), and Netherlands ($9.81M).

In 2018, the countries that had a largest trade value in imports than in exports of Weighing machinery having a capacity of 30-5000 kg were United States ($42.2M), Canada ($41.7M), France ($15.4M), United Kingdom ($13.2M), and Russia ($10.7M).

Trade Forecasts

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This section shows forecasts for total trade for Weighing machinery having a capacity of 30-5000 kg. 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 Weighing machinery having a capacity of 30-5000 kg was 7.55%.  The countries with the highest tariffs for importing Weighing machinery having a capacity of 30-5000 kg were Bahamas (40.2%), Iran (35%), Sri Lanka (29.3%), Bermuda (25%), and Sudan (21.9%).

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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.