HS Icon Machinery for sugar refining and manufacture

843830 (Harmonized System 1992 for 6-digit)

World Trade (2018): $302M, Rnk 3291 / 4726

Top Exporter (2018): $60.4M, China

Top Importer (2018): $38.1M, Ethiopia

Product Complexity (2018): -0.38, Rnk 3230 / 4873

Export Growth (CAGR)(2017 - 2018): -8.21%, Rnk 4268 / 4726

Mean Tariff (2018): 4.78%, Rnk 4319 / 6538

Share of World Trade (2018): 0.0016%, Rnk 3291 / 4726

Overview:  This page contains the latest trade data of Machinery for sugar refining and manufacture. In 2018, Machinery for sugar refining and manufacture were the world's 3291st most traded product, with a total trade of $302M. Between 2017 and 2018 the exports of Machinery for sugar refining and manufacture decreased by -8.21%, from  $329M to $302M. Trade in Machinery for sugar refining and manufacture represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Machinery for sugar refining and manufacture  were China ($60.4M), Germany ($49M), India ($36.5M), France ($31.3M), and Italy ($20.3M).

Imports: In 2018 the top importers of Machinery for sugar refining and manufacture were Ethiopia ($38.1M), Russia ($29.3M), Indonesia ($28.2M), Thailand ($21.2M), and Poland ($14.3M).

Tariffs: In 2018 the average tariff for Machinery for sugar refining and manufacture was 4.78%, been the 4319 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machinery for sugar refining and manufacture are Bahamas (40.2%), Bermuda (25%), Ecuador (21.8%), Maldives (19.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Machinery for sugar refining and manufacture ranks 3230th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $60.4M

Top Destination (2018): Ethiopia, $38.1M

Machinery for sugar refining and manufacture are the world's 3291st most traded product.

In 2018, the top exporters of Machinery for sugar refining and manufacture were China ($60.4M), Germany ($49M), India ($36.5M), France ($31.3M), and Italy ($20.3M).

In 2018, the top importers of Machinery for sugar refining and manufacture were Ethiopia ($38.1M), Russia ($29.3M), Indonesia ($28.2M), Thailand ($21.2M), and Poland ($14.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $15.3M

Top Destination Growth (2017 - 2018): Indonesia, $20.9M

Between 2017 and 2018, the exports of Machinery for sugar refining and manufacture grew the fastest in Germany ($15.3M), Australia ($12.7M), South Africa ($3.6M), Israel ($3.53M), and Pakistan ($3.14M).

Between 2017 and 2018, the fastest growing importers of Machinery for sugar refining and manufacture were Indonesia ($20.9M), Poland ($12.3M), Thailand ($10.7M), Mexico ($9.85M), and Ukraine ($8.51M).

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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 Machinery for sugar refining and manufacture.

In 2018,  market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Machinery for sugar refining and manufacture are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $53.3M

TOP NET IMPORTER (2018): Russia, $29.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Machinery for sugar refining and manufacture were China ($53.3M), Germany ($45.8M), India ($32.7M), France ($26.7M), and Italy ($19.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Machinery for sugar refining and manufacture were Russia ($29.2M), Indonesia ($28.2M), Mexico ($13.2M), Ukraine ($12.4M), and Thailand ($10.7M).

Trade Forecasts

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This section shows forecasts for total trade for Machinery for sugar refining and manufacture. 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 Machinery for sugar refining and manufacture was 4.78%.  The countries with the highest tariffs for importing Machinery for sugar refining and manufacture were Bahamas (40.2%), Bermuda (25%), Ecuador (21.8%), Maldives (19.6%), 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.