HS Icon Stone Working Machines

8464 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.78B, Rnk 649 / 1225

Top Exporter (2018): $899M, Italy

Top Importer (2018): $427M, China

Product Complexity (2018): 1.13, Rnk 131 / 1018

Export Growth (CAGR)(2017 - 2018): 6.32%, Rnk 922 / 1225

Mean Tariff (2018): 4.19%, Rnk 957 / 1259

Share of World Trade (2018): 0.015%, Rnk 649 / 1225

Overview: In 2018, Stone Working Machines were the world's 649th most traded product, with a total trade of $2.78B. Between 2017 and 2018 the exports of Stone Working Machines grew by 6.32%, from  $2.62B to $2.78B. Trade in Stone Working Machines represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Stone Working Machines  were Italy ($899M), China ($517M), Japan ($303M), Germany ($202M), and South Korea ($119M).

Imports: In 2018 the top importers of Stone Working Machines were China ($427M), United States ($343M), Germany ($124M), India ($107M), and Poland ($87.6M).

Tariffs: In 2018 the average tariff for Stone Working Machines was 4.19%, been the 957 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Stone Working Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (12.5%), and Romania (12%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Stone Working Machines ranks 131st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $899M

Top Destination (2018): China, $427M

Stone Working Machines are the world's 649th most traded product.

In 2018, the top exporters of Stone Working Machines were Italy ($899M), China ($517M), Japan ($303M), Germany ($202M), and South Korea ($119M).

In 2018, the top importers of Stone Working Machines were China ($427M), United States ($343M), Germany ($124M), India ($107M), and Poland ($87.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $87.1M

Top Destination Growth (2017 - 2018): China, $45.8M

Between 2017 and 2018, the exports of Stone Working Machines grew the fastest in Italy ($87.1M), Japan ($53.8M), Germany ($38.6M), Spain ($22.3M), and Hong Kong ($14.3M).

Between 2017 and 2018, the fastest growing importers of Stone Working Machines were China ($45.8M), Poland ($45.7M), Germany ($26.7M), Egypt ($20.7M), and Spain ($19.7M).

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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 Stone Working Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Stone Working Machines are explained by 11 countries.

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TOP NET EXPORTER (2018): Italy, $874M

TOP NET IMPORTER (2018): United States, $267M

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

In 2018, the countries that had a largest trade value in exports than in imports of Stone Working Machines were Italy ($874M), Japan ($253M), China ($89.7M), Germany ($78M), and South Korea ($73.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Stone Working Machines were United States ($267M), India ($102M), Poland ($82.4M), Vietnam ($75.2M), and Egypt ($64.8M).

Trade Forecasts

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This section shows forecasts for total trade for Stone Working 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 Stone Working Machines was 4.19%.  The countries with the highest tariffs for importing Stone Working Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (12.5%), and Romania (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.