HS Icon Felt Machinery

8449 (Harmonized System 1992 for 4-digit)

World Trade (2018): $896M, Rnk 936 / 1225

Top Exporter (2018): $339M, Germany

Top Importer (2018): $188M, China

Product Complexity (2018): 0.85, Rnk 217 / 1018

Export Growth (CAGR)(2017 - 2018): 30.7%, Rnk 167 / 1225

Mean Tariff (2018): 4.25%, Rnk 945 / 1259

Share of World Trade (2018): 0.0049%, Rnk 936 / 1225

Overview:  This page contains the latest trade data of Felt Machinery. In 2018, Felt Machinery were the world's 936th most traded product, with a total trade of $896M. Between 2017 and 2018 the exports of Felt Machinery grew by 30.7%, from  $685M to $896M. Trade in Felt Machinery represent 0.0049% of total world trade.

Exports: In 2018 the top exporters of Felt Machinery  were Germany ($339M), China ($168M), France ($104M), Portugal ($70M), and Italy ($43.9M).

Imports: In 2018 the top importers of Felt Machinery were China ($188M), United States ($99.4M), Turkey ($53M), Egypt ($41.7M), and Germany ($38.7M).

Tariffs: In 2018 the average tariff for Felt Machinery was 4.25%, been the 945 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Felt Machinery are Bahamas (40.2%), Bermuda (25%), Republic of the Congo (19.6%), Maldives (19.6%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Felt Machinery ranks 217th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $339M

Top Destination (2018): China, $188M

Felt Machinery are the world's 936th most traded product.

In 2018, the top exporters of Felt Machinery were Germany ($339M), China ($168M), France ($104M), Portugal ($70M), and Italy ($43.9M).

In 2018, the top importers of Felt Machinery were China ($188M), United States ($99.4M), Turkey ($53M), Egypt ($41.7M), and Germany ($38.7M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $55.8M

Top Destination Growth (2017 - 2018): United States, $99.2M

Between 2017 and 2018, the exports of Felt Machinery grew the fastest in China ($55.8M), Portugal ($34.4M), Germany ($29.9M), France ($25.7M), and United States ($11.9M).

Between 2017 and 2018, the fastest growing importers of Felt Machinery were United States ($99.2M), Egypt ($41M), Singapore ($37.7M), Mexico ($33.8M), and South Africa ($29.7M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Felt Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Felt Machinery are explained by 8 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $301M

TOP NET IMPORTER (2018): United States, $79.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Felt Machinery were Germany ($301M), France ($83.8M), Portugal ($67.5M), Austria ($20.5M), and Italy ($15.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Felt Machinery were United States ($79.9M), Turkey ($51M), Egypt ($41.7M), India ($37M), and Mexico ($33.5M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Felt Machinery. 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 Felt Machinery was 4.25%.  The countries with the highest tariffs for importing Felt Machinery were Bahamas (40.2%), Bermuda (25%), Republic of the Congo (19.6%), Maldives (19.6%), and Panama (15%).

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.