HS Icon Non-Mechanical Removal Machinery

8456 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.48B, Rnk 406 / 1225

Top Exporter (2018): $1.36B, Germany

Top Importer (2018): $930M, China

Product Complexity (2018): 2.02, Rnk 7 / 1018

Export Growth (CAGR)(2017 - 2018): 10.4%, Rnk 753 / 1225

Mean Tariff (2018): 3.46%, Rnk 1086 / 1259

Share of World Trade (2018): 0.041%, Rnk 406 / 1225

Overview:  This page contains the latest trade data of Non-Mechanical Removal Machinery. In 2018, Non-Mechanical Removal Machinery were the world's 406th most traded product, with a total trade of $7.48B. Between 2017 and 2018 the exports of Non-Mechanical Removal Machinery grew by 10.4%, from  $6.77B to $7.48B. Trade in Non-Mechanical Removal Machinery represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Non-Mechanical Removal Machinery  were Germany ($1.36B), Japan ($1.18B), Switzerland ($1.14B), China ($900M), and Italy ($394M).

Imports: In 2018 the top importers of Non-Mechanical Removal Machinery were China ($930M), United States ($856M), Germany ($552M), Chinese Taipei ($378M), and South Korea ($332M).

Tariffs: In 2018 the average tariff for Non-Mechanical Removal Machinery was 3.46%, been the 1086 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Mechanical Removal Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Non-Mechanical Removal Machinery ranks 7th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.36B

Top Destination (2018): China, $930M

Non-Mechanical Removal Machinery are the world's 406th most traded product.

In 2018, the top exporters of Non-Mechanical Removal Machinery were Germany ($1.36B), Japan ($1.18B), Switzerland ($1.14B), China ($900M), and Italy ($394M).

In 2018, the top importers of Non-Mechanical Removal Machinery were China ($930M), United States ($856M), Germany ($552M), Chinese Taipei ($378M), and South Korea ($332M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $279M

Top Destination Growth (2017 - 2018): United States, $220M

Between 2017 and 2018, the exports of Non-Mechanical Removal Machinery grew the fastest in China ($279M), Germany ($209M), United States ($157M), Switzerland ($134M), and Spain ($64.4M).

Between 2017 and 2018, the fastest growing importers of Non-Mechanical Removal Machinery were United States ($220M), Poland ($94.6M), Mexico ($76.8M), Netherlands ($71.4M), and Hong Kong ($60.9M).

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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 Non-Mechanical Removal Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Non-Mechanical Removal Machinery are explained by 14 countries.

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TOP NET EXPORTER (2018): Switzerland, $1.07B

TOP NET IMPORTER (2018): United States, $488M

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Mechanical Removal Machinery were Switzerland ($1.07B), Japan ($992M), Germany ($808M), Singapore ($242M), and Italy ($92.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Mechanical Removal Machinery were United States ($488M), Mexico ($237M), Chinese Taipei ($205M), Poland ($201M), and Vietnam ($200M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Mechanical Removal 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 Non-Mechanical Removal Machinery was 3.46%.  The countries with the highest tariffs for importing Non-Mechanical Removal Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Aruba (12%).

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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.