HS Icon Household Washing Machines

8450 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14B, Rnk 261 / 1225

Top Exporter (2018): $3.91B, China

Top Importer (2018): $1.31B, United States

Product Complexity (2018): 0.75, Rnk 266 / 1018

Export Growth (CAGR)(2017 - 2018): -0.56%, Rnk 1095 / 1225

Mean Tariff (2018): 10.8%, Rnk 385 / 1259

Share of World Trade (2018): 0.076%, Rnk 261 / 1225

Overview: In 2018, Household Washing Machines were the world's 261st most traded product, with a total trade of $14B. Between 2017 and 2018 the exports of Household Washing Machines decreased by -0.56%, from  $14B to $14B. Trade in Household Washing Machines represent 0.076% of total world trade.

Exports: In 2018 the top exporters of Household Washing Machines  were China ($3.91B), Poland ($1.36B), Thailand ($1.29B), Turkey ($1.08B), and Germany ($826M).

Imports: In 2018 the top importers of Household Washing Machines were United States ($1.31B), Japan ($944M), Germany ($828M), United Kingdom ($754M), and France ($654M).

Tariffs: In 2018 the average tariff for Household Washing Machines was 10.8%, been the 385 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Household Washing Machines are Syria (41.5%), Egypt (34.1%), Iran (30.7%), Sudan (30.2%), and Uzbekistan (28.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Household Washing Machines ranks 266th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.91B

Top Destination (2018): United States, $1.31B

Household Washing Machines are the world's 261st most traded product.

In 2018, the top exporters of Household Washing Machines were China ($3.91B), Poland ($1.36B), Thailand ($1.29B), Turkey ($1.08B), and Germany ($826M).

In 2018, the top importers of Household Washing Machines were United States ($1.31B), Japan ($944M), Germany ($828M), United Kingdom ($754M), and France ($654M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $179M

Top Destination Growth (2017 - 2018): Vietnam, $117M

Between 2017 and 2018, the exports of Household Washing Machines grew the fastest in United Arab Emirates ($179M), China ($156M), Sweden ($108M), Poland ($72.9M), and Slovenia ($38.9M).

Between 2017 and 2018, the fastest growing importers of Household Washing Machines were Vietnam ($117M), Germany ($99.4M), Chinese Taipei ($53M), Spain ($35.2M), and South Korea ($34.9M).

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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 Household Washing Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Household Washing Machines are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $3.78B

TOP NET IMPORTER (2018): Japan, $902M

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

In 2018, the countries that had a largest trade value in exports than in imports of Household Washing Machines were China ($3.78B), Thailand ($1.13B), Poland ($1.02B), Turkey ($968M), and South Korea ($369M).

In 2018, the countries that had a largest trade value in imports than in exports of Household Washing Machines were Japan ($902M), United States ($885M), United Kingdom ($710M), France ($602M), and Canada ($385M).

Trade Forecasts

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This section shows forecasts for total trade for Household Washing Machines. 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 Household Washing Machines was 10.8%.  The countries with the highest tariffs for importing Household Washing Machines were Syria (41.5%), Egypt (34.1%), Iran (30.7%), Sudan (30.2%), and Uzbekistan (28.3%).

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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.