HS Icon Self-propelled works trucks, electric motor

842710 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.09B, Rnk 342 / 4726

Top Exporter (2018): $2.88B, Germany

Top Importer (2018): $773M, United States

Product Complexity (2018): 1.51, Rnk 232 / 4873

Export Growth (CAGR)(2017 - 2018): 20.5%, Rnk 1339 / 4726

Mean Tariff (2018): 6.89%, Rnk 3237 / 6538

Share of World Trade (2018): 0.049%, Rnk 342 / 4726

Overview:  This page contains the latest trade data of Self-propelled works trucks, electric motor. In 2018, Self-propelled works trucks, electric motor were the world's 342nd most traded product, with a total trade of $9.09B. Between 2017 and 2018 the exports of Self-propelled works trucks, electric motor grew by 20.5%, from  $7.54B to $9.09B. Trade in Self-propelled works trucks, electric motor represent 0.049% of total world trade.

Exports: In 2018 the top exporters of Self-propelled works trucks, electric motor  were Germany ($2.88B), United States ($932M), Italy ($891M), Sweden ($858M), and China ($809M).

Imports: In 2018 the top importers of Self-propelled works trucks, electric motor were United States ($773M), France ($764M), Germany ($607M), Italy ($595M), and Netherlands ($557M).

Tariffs: In 2018 the average tariff for Self-propelled works trucks, electric motor was 6.89%, been the 3237 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Self-propelled works trucks, electric motor are Maldives (50%), Bahamas (40.2%), Bermuda (35%), Iran (25%), and Bulgaria (20.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Self-propelled works trucks, electric motor ranks 232nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.88B

Top Destination (2018): United States, $773M

Self-propelled works trucks, electric motor are the world's 342nd most traded product.

In 2018, the top exporters of Self-propelled works trucks, electric motor were Germany ($2.88B), United States ($932M), Italy ($891M), Sweden ($858M), and China ($809M).

In 2018, the top importers of Self-propelled works trucks, electric motor were United States ($773M), France ($764M), Germany ($607M), Italy ($595M), and Netherlands ($557M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $389M

Top Destination Growth (2017 - 2018): Netherlands, $215M

Between 2017 and 2018, the exports of Self-propelled works trucks, electric motor grew the fastest in Germany ($389M), China ($297M), Italy ($233M), Sweden ($132M), and Belgium-Luxembourg ($127M).

Between 2017 and 2018, the fastest growing importers of Self-propelled works trucks, electric motor were Netherlands ($215M), France ($176M), Belgium-Luxembourg ($128M), Spain ($105M), and Germany ($97.2M).

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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 Self-propelled works trucks, electric motor.

In 2018,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Self-propelled works trucks, electric motor are explained by 11 countries.

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TOP NET EXPORTER (2018): Germany, $2.27B

TOP NET IMPORTER (2018): France, $442M

This map shows which countries export or import more of Self-propelled works trucks, electric motor. Each country is colored based on the difference in exports and imports of Self-propelled works trucks, electric motor during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Self-propelled works trucks, electric motor were Germany ($2.27B), Sweden ($717M), China ($665M), Italy ($296M), and Japan ($273M).

In 2018, the countries that had a largest trade value in imports than in exports of Self-propelled works trucks, electric motor were France ($442M), Netherlands ($380M), Spain ($352M), United Kingdom ($270M), and Poland ($266M).

Trade Forecasts

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This section shows forecasts for total trade for Self-propelled works trucks, electric motor. 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 Self-propelled works trucks, electric motor was 6.89%.  The countries with the highest tariffs for importing Self-propelled works trucks, electric motor were Maldives (50%), Bahamas (40.2%), Bermuda (35%), Iran (25%), and Bulgaria (20.2%).

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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.