HS Icon Construction equipment, self-propelled nes

843050 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.04B, Rnk 1973 / 4726

Top Exporter (2018): $193M, China

Top Importer (2018): $134M, China

Product Complexity (2018): 0.63, Rnk 1417 / 4873

Export Growth (CAGR)(2017 - 2018): 16%, Rnk 1783 / 4726

Mean Tariff (2018): 4.54%, Rnk 4484 / 6538

Share of World Trade (2018): 0.0057%, Rnk 1973 / 4726

Overview:  This page contains the latest trade data of Construction equipment, self-propelled nes. In 2018, Construction equipment, self-propelled nes were the world's 1973rd most traded product, with a total trade of $1.04B. Between 2017 and 2018 the exports of Construction equipment, self-propelled nes grew by 16%, from  $896M to $1.04B. Trade in Construction equipment, self-propelled nes represent 0.0057% of total world trade.

Exports: In 2018 the top exporters of Construction equipment, self-propelled nes  were China ($193M), Germany ($168M), Italy ($92.6M), South Korea ($89.7M), and United States ($78.7M).

Imports: In 2018 the top importers of Construction equipment, self-propelled nes were China ($134M), United States ($83.9M), France ($51.2M), Russia ($50.8M), and Canada ($43.3M).

Tariffs: In 2018 the average tariff for Construction equipment, self-propelled nes was 4.54%, been the 4484 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Construction equipment, self-propelled nes are Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Malaysia (20%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Construction equipment, self-propelled nes ranks 1417th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $193M

Top Destination (2018): China, $134M

Construction equipment, self-propelled nes are the world's 1973rd most traded product.

In 2018, the top exporters of Construction equipment, self-propelled nes were China ($193M), Germany ($168M), Italy ($92.6M), South Korea ($89.7M), and United States ($78.7M).

In 2018, the top importers of Construction equipment, self-propelled nes were China ($134M), United States ($83.9M), France ($51.2M), Russia ($50.8M), and Canada ($43.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $58.7M

Top Destination Growth (2017 - 2018): China, $41.6M

Between 2017 and 2018, the exports of Construction equipment, self-propelled nes grew the fastest in China ($58.7M), South Korea ($38.8M), United Kingdom ($23.1M), United States ($16.1M), and Italy ($11.3M).

Between 2017 and 2018, the fastest growing importers of Construction equipment, self-propelled nes were China ($41.6M), Canada ($20.1M), Saudi Arabia ($13M), Belgium-Luxembourg ($12.9M), and Spain ($10.7M).

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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 Construction equipment, self-propelled nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Construction equipment, self-propelled nes are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $143M

TOP NET IMPORTER (2018): Russia, $48.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Construction equipment, self-propelled nes were Germany ($143M), Italy ($86.7M), South Korea ($86.2M), China ($59.4M), and Finland ($53.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Construction equipment, self-propelled nes were Russia ($48.8M), Canada ($29.1M), France ($26.5M), India ($23.8M), and Indonesia ($21.1M).

Trade Forecasts

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This section shows forecasts for total trade for Construction equipment, self-propelled nes. 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 Construction equipment, self-propelled nes was 4.54%.  The countries with the highest tariffs for importing Construction equipment, self-propelled nes were Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Malaysia (20%), 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.