HS Icon Machinery for pulping fibrous cellulosic material

843910 (Harmonized System 1992 for 6-digit)

World Trade (2018): $395M, Rnk 3029 / 4726

Top Exporter (2018): $74.4M, China

Top Importer (2018): $87.8M, Russia

Product Complexity (2018): 0.77, Rnk 1164 / 4873

Export Growth (CAGR)(2017 - 2018): 3.74%, Rnk 3472 / 4726

Mean Tariff (2018): 3.97%, Rnk 5003 / 6538

Share of World Trade (2018): 0.0022%, Rnk 3029 / 4726

Overview:  This page contains the latest trade data of Machinery for pulping fibrous cellulosic material. In 2018, Machinery for pulping fibrous cellulosic material were the world's 3029th most traded product, with a total trade of $395M. Between 2017 and 2018 the exports of Machinery for pulping fibrous cellulosic material grew by 3.74%, from  $381M to $395M. Trade in Machinery for pulping fibrous cellulosic material represent 0.0022% of total world trade.

Exports: In 2018 the top exporters of Machinery for pulping fibrous cellulosic material  were China ($74.4M), Finland ($58.5M), Sweden ($52.8M), Austria ($43.7M), and Estonia ($32.8M).

Imports: In 2018 the top importers of Machinery for pulping fibrous cellulosic material were Russia ($87.8M), China ($44.6M), United States ($37.5M), Vietnam ($21.1M), and Brazil ($13.4M).

Tariffs: In 2018 the average tariff for Machinery for pulping fibrous cellulosic material was 3.97%, been the 5003 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Machinery for pulping fibrous cellulosic material are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Machinery for pulping fibrous cellulosic material ranks 1164th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $74.4M

Top Destination (2018): Russia, $87.8M

Machinery for pulping fibrous cellulosic material are the world's 3029th most traded product.

In 2018, the top exporters of Machinery for pulping fibrous cellulosic material were China ($74.4M), Finland ($58.5M), Sweden ($52.8M), Austria ($43.7M), and Estonia ($32.8M).

In 2018, the top importers of Machinery for pulping fibrous cellulosic material were Russia ($87.8M), China ($44.6M), United States ($37.5M), Vietnam ($21.1M), and Brazil ($13.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Estonia, $30.6M

Top Destination Growth (2017 - 2018): Russia, $75.9M

Between 2017 and 2018, the exports of Machinery for pulping fibrous cellulosic material grew the fastest in Estonia ($30.6M), Austria ($7.63M), Canada ($6.77M), China ($5.86M), and France ($5.75M).

Between 2017 and 2018, the fastest growing importers of Machinery for pulping fibrous cellulosic material were Russia ($75.9M), United States ($25.3M), Poland ($8.77M), Indonesia ($7.61M), and Turkey ($4.54M).

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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 pulping fibrous cellulosic material.

In 2018,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Machinery for pulping fibrous cellulosic material are explained by 13 countries.

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TOP NET EXPORTER (2018): Finland, $52.3M

TOP NET IMPORTER (2018): Russia, $87.5M

This map shows which countries export or import more of Machinery for pulping fibrous cellulosic material. Each country is colored based on the difference in exports and imports of Machinery for pulping fibrous cellulosic material during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Machinery for pulping fibrous cellulosic material were Finland ($52.3M), Austria ($41.6M), Sweden ($40M), Estonia ($32.7M), and China ($29.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Machinery for pulping fibrous cellulosic material were Russia ($87.5M), United States ($21M), Mexico ($12.7M), Indonesia ($11.9M), and Brazil ($11.4M).

Trade Forecasts

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This section shows forecasts for total trade for Machinery for pulping fibrous cellulosic material. 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 pulping fibrous cellulosic material was 3.97%.  The countries with the highest tariffs for importing Machinery for pulping fibrous cellulosic material were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Venezuela (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.