HS Icon Parts for sprays and powder dispersers

842490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.21B, Rnk 604 / 4726

Top Exporter (2018): $863M, Germany

Top Importer (2018): $879M, United States

Product Complexity (2018): 0.82, Rnk 1080 / 4873

Export Growth (CAGR)(2017 - 2018): 53.3%, Rnk 295 / 4726

Mean Tariff (2018): 3.8%, Rnk 5174 / 6538

Share of World Trade (2018): 0.028%, Rnk 604 / 4726

Overview:  This page contains the latest trade data of Parts for sprays and powder dispersers. In 2018, Parts for sprays and powder dispersers were the world's 604th most traded product, with a total trade of $5.21B. Between 2017 and 2018 the exports of Parts for sprays and powder dispersers grew by 53.3%, from  $3.4B to $5.21B. Trade in Parts for sprays and powder dispersers represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Parts for sprays and powder dispersers  were Germany ($863M), China ($824M), United States ($728M), Italy ($351M), and United Kingdom ($230M).

Imports: In 2018 the top importers of Parts for sprays and powder dispersers were United States ($879M), Germany ($363M), China ($310M), France ($251M), and Mexico ($186M).

Tariffs: In 2018 the average tariff for Parts for sprays and powder dispersers was 3.8%, been the 5174 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for sprays and powder dispersers are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Mozambique (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Parts for sprays and powder dispersers ranks 1080th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $863M

Top Destination (2018): United States, $879M

Parts for sprays and powder dispersers are the world's 604th most traded product.

In 2018, the top exporters of Parts for sprays and powder dispersers were Germany ($863M), China ($824M), United States ($728M), Italy ($351M), and United Kingdom ($230M).

In 2018, the top importers of Parts for sprays and powder dispersers were United States ($879M), Germany ($363M), China ($310M), France ($251M), and Mexico ($186M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $370M

Top Destination Growth (2017 - 2018): United States, $879M

Between 2017 and 2018, the exports of Parts for sprays and powder dispersers grew the fastest in China ($370M), Germany ($230M), United States ($211M), Israel ($167M), and Chinese Taipei ($89M).

Between 2017 and 2018, the fastest growing importers of Parts for sprays and powder dispersers were United States ($879M), Australia ($106M), Singapore ($53.2M), India ($52.4M), and France ($45.8M).

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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 Parts for sprays and powder dispersers.

In 2018,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Parts for sprays and powder dispersers are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $514M

TOP NET IMPORTER (2018): United States, $151M

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

In 2018, the countries that had a largest trade value in exports than in imports of Parts for sprays and powder dispersers were China ($514M), Germany ($501M), Italy ($184M), Israel ($155M), and Chinese Taipei ($89.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts for sprays and powder dispersers were United States ($151M), Russia ($116M), France ($101M), Mexico ($98M), and Brazil ($88.3M).

Trade Forecasts

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This section shows forecasts for total trade for Parts for sprays and powder dispersers. 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 Parts for sprays and powder dispersers was 3.8%.  The countries with the highest tariffs for importing Parts for sprays and powder dispersers were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Zambia (13.6%).

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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.