HS Icon Other Non-Metal Removal Machinery

8463 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.28B, Rnk 702 / 1225

Top Exporter (2018): $572M, Germany

Top Importer (2018): $294M, China

Product Complexity (2018): 1.12, Rnk 134 / 1018

Export Growth (CAGR)(2017 - 2018): 19.4%, Rnk 350 / 1225

Mean Tariff (2018): 4.52%, Rnk 910 / 1259

Share of World Trade (2018): 0.012%, Rnk 702 / 1225

Overview: In 2018, Other Non-Metal Removal Machinery were the world's 702nd most traded product, with a total trade of $2.28B. Between 2017 and 2018 the exports of Other Non-Metal Removal Machinery grew by 19.4%, from  $1.91B to $2.28B. Trade in Other Non-Metal Removal Machinery represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Other Non-Metal Removal Machinery  were Germany ($572M), Italy ($320M), China ($292M), Japan ($185M), and Chinese Taipei ($133M).

Imports: In 2018 the top importers of Other Non-Metal Removal Machinery were China ($294M), United States ($255M), India ($110M), Mexico ($103M), and Germany ($87.1M).

Tariffs: In 2018 the average tariff for Other Non-Metal Removal Machinery was 4.52%, been the 910 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Non-Metal Removal Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Non-Metal Removal Machinery ranks 134th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $572M

Top Destination (2018): China, $294M

Other Non-Metal Removal Machinery are the world's 702nd most traded product.

In 2018, the top exporters of Other Non-Metal Removal Machinery were Germany ($572M), Italy ($320M), China ($292M), Japan ($185M), and Chinese Taipei ($133M).

In 2018, the top importers of Other Non-Metal Removal Machinery were China ($294M), United States ($255M), India ($110M), Mexico ($103M), and Germany ($87.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $77.7M

Top Destination Growth (2017 - 2018): United States, $42.7M

Between 2017 and 2018, the exports of Other Non-Metal Removal Machinery grew the fastest in Italy ($77.7M), Germany ($75.2M), Chinese Taipei ($35.4M), United States ($32.5M), and China ($30.2M).

Between 2017 and 2018, the fastest growing importers of Other Non-Metal Removal Machinery were United States ($42.7M), India ($32.3M), China ($31.6M), Vietnam ($30.7M), and Russia ($27.8M).

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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 Other Non-Metal Removal Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Other Non-Metal Removal Machinery are explained by 15 countries.

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TOP NET EXPORTER (2018): Germany, $485M

TOP NET IMPORTER (2018): United States, $134M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Non-Metal Removal Machinery were Germany ($485M), Italy ($264M), Japan ($138M), Chinese Taipei ($85.6M), and Switzerland ($61.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Non-Metal Removal Machinery were United States ($134M), Mexico ($97.7M), India ($96.9M), Russia ($73.7M), and Poland ($60.2M).

Trade Forecasts

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This section shows forecasts for total trade for Other Non-Metal 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 Other Non-Metal Removal Machinery was 4.52%.  The countries with the highest tariffs for importing Other Non-Metal Removal Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Romania (16.8%), 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.