HS Icon Other Agricultural Machinery

8436 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.98B, Rnk 388 / 1225

Top Exporter (2018): $1.09B, Germany

Top Importer (2018): $975M, United States

Product Complexity (2018): 0.85, Rnk 218 / 1018

Export Growth (CAGR)(2017 - 2018): 14%, Rnk 563 / 1225

Mean Tariff (2018): 3.97%, Rnk 1000 / 1259

Share of World Trade (2018): 0.043%, Rnk 388 / 1225

Overview:  This page contains the latest trade data of Other Agricultural Machinery. In 2018, Other Agricultural Machinery were the world's 388th most traded product, with a total trade of $7.98B. Between 2017 and 2018 the exports of Other Agricultural Machinery grew by 14%, from  $7B to $7.98B. Trade in Other Agricultural Machinery represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Other Agricultural Machinery  were Germany ($1.09B), Netherlands ($933M), United States ($717M), Italy ($660M), and China ($646M).

Imports: In 2018 the top importers of Other Agricultural Machinery were United States ($975M), Russia ($582M), Germany ($496M), Canada ($349M), and France ($330M).

Tariffs: In 2018 the average tariff for Other Agricultural Machinery was 3.97%, been the 1000 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Agricultural Machinery are Bahamas (40.2%), Maldives (19.6%), Tunisia (14.3%), Venezuela (13.4%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Other Agricultural Machinery ranks 218th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.09B

Top Destination (2018): United States, $975M

Other Agricultural Machinery are the world's 388th most traded product.

In 2018, the top exporters of Other Agricultural Machinery were Germany ($1.09B), Netherlands ($933M), United States ($717M), Italy ($660M), and China ($646M).

In 2018, the top importers of Other Agricultural Machinery were United States ($975M), Russia ($582M), Germany ($496M), Canada ($349M), and France ($330M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $163M

Top Destination Growth (2017 - 2018): Germany, $122M

Between 2017 and 2018, the exports of Other Agricultural Machinery grew the fastest in Germany ($163M), Netherlands ($108M), Finland ($101M), Canada ($85.3M), and United States ($74.2M).

Between 2017 and 2018, the fastest growing importers of Other Agricultural Machinery were Germany ($122M), United States ($90.6M), Poland ($70.3M), France ($66.3M), and Canada ($55.1M).

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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 Other Agricultural Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Other Agricultural Machinery are explained by 21 countries.

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TOP NET EXPORTER (2018): Netherlands, $713M

TOP NET IMPORTER (2018): Russia, $550M

This map shows which countries export or import more of Other Agricultural Machinery. Each country is colored based on the difference in exports and imports of Other Agricultural Machinery during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Agricultural Machinery were Netherlands ($713M), Germany ($597M), Italy ($567M), China ($491M), and Finland ($430M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Agricultural Machinery were Russia ($550M), United States ($258M), Japan ($160M), France ($158M), and Australia ($152M).

Trade Forecasts

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This section shows forecasts for total trade for Other Agricultural Machinery. 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 Other Agricultural Machinery was 3.97%.  The countries with the highest tariffs for importing Other Agricultural Machinery were Bahamas (40.2%), Maldives (19.6%), Tunisia (14.3%), Venezuela (13.4%), and Brazil (13.4%).

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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.