HS Icon Earth moving/road making equipment, self-propelled ne

842959 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.66B, Rnk 843 / 4726

Top Exporter (2018): $927M, United Kingdom

Top Importer (2018): $358M, United States

Product Complexity (2018): -0.98, Rnk 3986 / 4873

Export Growth (CAGR)(2017 - 2018): -4.98%, Rnk 4135 / 4726

Mean Tariff (2018): 5.13%, Rnk 4049 / 6538

Share of World Trade (2018): 0.02%, Rnk 843 / 4726

Overview:  This page contains the latest trade data of Earth moving/road making equipment, self-propelled ne. In 2018, Earth moving/road making equipment, self-propelled ne were the world's 843rd most traded product, with a total trade of $3.66B. Between 2017 and 2018 the exports of Earth moving/road making equipment, self-propelled ne decreased by -4.98%, from  $3.85B to $3.66B. Trade in Earth moving/road making equipment, self-propelled ne represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Earth moving/road making equipment, self-propelled ne  were United Kingdom ($927M), United States ($416M), India ($247M), Japan ($241M), and Brazil ($194M).

Imports: In 2018 the top importers of Earth moving/road making equipment, self-propelled ne were United States ($358M), Canada ($196M), Mexico ($142M), Russia ($139M), and Poland ($124M).

Tariffs: In 2018 the average tariff for Earth moving/road making equipment, self-propelled ne was 5.13%, been the 4049 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Earth moving/road making equipment, self-propelled ne are Maldives (50%), Bahamas (40.2%), Bermuda (35%), Iran (15.7%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Earth moving/road making equipment, self-propelled ne ranks 3986th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Kingdom, $927M

Top Destination (2018): United States, $358M

Earth moving/road making equipment, self-propelled ne are the world's 843rd most traded product.

In 2018, the top exporters of Earth moving/road making equipment, self-propelled ne were United Kingdom ($927M), United States ($416M), India ($247M), Japan ($241M), and Brazil ($194M).

In 2018, the top importers of Earth moving/road making equipment, self-propelled ne were United States ($358M), Canada ($196M), Mexico ($142M), Russia ($139M), and Poland ($124M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $92.4M

Top Destination Growth (2017 - 2018): United States, $103M

Between 2017 and 2018, the exports of Earth moving/road making equipment, self-propelled ne grew the fastest in United States ($92.4M), United Kingdom ($50.2M), Saudi Arabia ($24.2M), Turkey ($19.5M), and Estonia ($18.3M).

Between 2017 and 2018, the fastest growing importers of Earth moving/road making equipment, self-propelled ne were United States ($103M), Canada ($66.4M), Poland ($42.1M), Romania ($32.4M), and United Kingdom ($27.4M).

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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 Earth moving/road making equipment, self-propelled ne.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Earth moving/road making equipment, self-propelled ne are explained by 19 countries.

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TOP NET EXPORTER (2018): United Kingdom, $843M

TOP NET IMPORTER (2018): Canada, $174M

This map shows which countries export or import more of Earth moving/road making equipment, self-propelled ne. Each country is colored based on the difference in exports and imports of Earth moving/road making equipment, self-propelled ne during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Earth moving/road making equipment, self-propelled ne were United Kingdom ($843M), Japan ($238M), India ($209M), Brazil ($191M), and South Korea ($155M).

In 2018, the countries that had a largest trade value in imports than in exports of Earth moving/road making equipment, self-propelled ne were Canada ($174M), Mexico ($141M), Russia ($136M), Poland ($100M), and Pakistan ($69.3M).

Trade Forecasts

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This section shows forecasts for total trade for Earth moving/road making equipment, self-propelled ne. 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 Earth moving/road making equipment, self-propelled ne was 5.13%.  The countries with the highest tariffs for importing Earth moving/road making equipment, self-propelled ne were Maldives (50%), Bahamas (40.2%), Bermuda (35%), Iran (15.7%), and Cambodia (15%).

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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.