HS Icon Boring or sinking machinery nes, self-propelled

843041 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.1B, Rnk 977 / 4726

Top Exporter (2018): $505M, China

Top Importer (2018): $291M, United States

Product Complexity (2018): -0.58, Rnk 3480 / 4873

Export Growth (CAGR)(2017 - 2018): 8.3%, Rnk 2913 / 4726

Mean Tariff (2018): 4.44%, Rnk 4566 / 6538

Share of World Trade (2018): 0.017%, Rnk 977 / 4726

Overview:  This page contains the latest trade data of Boring or sinking machinery nes, self-propelled. In 2018, Boring or sinking machinery nes, self-propelled were the world's 977th most traded product, with a total trade of $3.1B. Between 2017 and 2018 the exports of Boring or sinking machinery nes, self-propelled grew by 8.3%, from  $2.87B to $3.1B. Trade in Boring or sinking machinery nes, self-propelled represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Boring or sinking machinery nes, self-propelled  were China ($505M), United States ($434M), Italy ($371M), Sweden ($347M), and Germany ($266M).

Imports: In 2018 the top importers of Boring or sinking machinery nes, self-propelled were United States ($291M), India ($186M), Russia ($174M), Australia ($165M), and Canada ($102M).

Tariffs: In 2018 the average tariff for Boring or sinking machinery nes, self-propelled was 4.44%, been the 4566 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Boring or sinking machinery nes, self-propelled are Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Boring or sinking machinery nes, self-propelled ranks 3480th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $505M

Top Destination (2018): United States, $291M

Boring or sinking machinery nes, self-propelled are the world's 977th most traded product.

In 2018, the top exporters of Boring or sinking machinery nes, self-propelled were China ($505M), United States ($434M), Italy ($371M), Sweden ($347M), and Germany ($266M).

In 2018, the top importers of Boring or sinking machinery nes, self-propelled were United States ($291M), India ($186M), Russia ($174M), Australia ($165M), and Canada ($102M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $65M

Top Destination Growth (2017 - 2018): United States, $60.2M

Between 2017 and 2018, the exports of Boring or sinking machinery nes, self-propelled grew the fastest in United States ($65M), Sweden ($60.8M), China ($24.6M), South Korea ($23.3M), and India ($23.3M).

Between 2017 and 2018, the fastest growing importers of Boring or sinking machinery nes, self-propelled were United States ($60.2M), Singapore ($45.4M), India ($41.6M), Saudi Arabia ($37.4M), and Ghana ($35.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Boring or sinking machinery nes, self-propelled.

In 2018,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Boring or sinking machinery nes, self-propelled are explained by 17 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $459M

TOP NET IMPORTER (2018): Russia, $153M

This map shows which countries export or import more of Boring or sinking machinery nes, self-propelled. Each country is colored based on the difference in exports and imports of Boring or sinking machinery nes, self-propelled during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Boring or sinking machinery nes, self-propelled were China ($459M), Italy ($350M), Sweden ($317M), Finland ($210M), and Germany ($180M).

In 2018, the countries that had a largest trade value in imports than in exports of Boring or sinking machinery nes, self-propelled were Russia ($153M), Australia ($147M), India ($95.8M), Mexico ($83M), and South Africa ($64.7M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Boring or sinking machinery nes, self-propelled. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Boring or sinking machinery nes, self-propelled was 4.44%.  The countries with the highest tariffs for importing Boring or sinking machinery nes, self-propelled were Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Cambodia (15%), and Romania (12.9%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.