HS Icon Splitting, slicing or paring machines for wood, etc

846596 (Harmonized System 1992 for 6-digit)

World Trade (2018): $544M, Rnk 2692 / 4726

Top Exporter (2018): $210M, China

Top Importer (2018): $97.1M, United States

Product Complexity (2018): 0.8, Rnk 1112 / 4873

Export Growth (CAGR)(2017 - 2018): 35.8%, Rnk 603 / 4726

Mean Tariff (2018): 4.96%, Rnk 4170 / 6538

Share of World Trade (2018): 0.003%, Rnk 2692 / 4726

Overview:  This page contains the latest trade data of Splitting, slicing or paring machines for wood, etc. In 2018, Splitting, slicing or paring machines for wood, etc were the world's 2692nd most traded product, with a total trade of $544M. Between 2017 and 2018 the exports of Splitting, slicing or paring machines for wood, etc grew by 35.8%, from  $400M to $544M. Trade in Splitting, slicing or paring machines for wood, etc represent 0.003% of total world trade.

Exports: In 2018 the top exporters of Splitting, slicing or paring machines for wood, etc  were China ($210M), Germany ($85.2M), Finland ($46.2M), Austria ($31.1M), and Canada ($28.2M).

Imports: In 2018 the top importers of Splitting, slicing or paring machines for wood, etc were United States ($97.1M), Germany ($54M), France ($26.5M), Russia ($23.5M), and China ($22.9M).

Tariffs: In 2018 the average tariff for Splitting, slicing or paring machines for wood, etc was 4.96%, been the 4170 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Splitting, slicing or paring machines for wood, etc are Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Maldives (19.6%), and Romania (17.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Splitting, slicing or paring machines for wood, etc ranks 1112th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $210M

Top Destination (2018): United States, $97.1M

Splitting, slicing or paring machines for wood, etc are the world's 2692nd most traded product.

In 2018, the top exporters of Splitting, slicing or paring machines for wood, etc were China ($210M), Germany ($85.2M), Finland ($46.2M), Austria ($31.1M), and Canada ($28.2M).

In 2018, the top importers of Splitting, slicing or paring machines for wood, etc were United States ($97.1M), Germany ($54M), France ($26.5M), Russia ($23.5M), and China ($22.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $62.6M

Top Destination Growth (2017 - 2018): United States, $51.7M

Between 2017 and 2018, the exports of Splitting, slicing or paring machines for wood, etc grew the fastest in China ($62.6M), Germany ($30.5M), Finland ($14.9M), Austria ($11.9M), and Canada ($11.2M).

Between 2017 and 2018, the fastest growing importers of Splitting, slicing or paring machines for wood, etc were United States ($51.7M), Germany ($14M), Italy ($12.7M), France ($9.88M), and Czechia ($9.64M).

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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 Splitting, slicing or paring machines for wood, etc.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Splitting, slicing or paring machines for wood, etc are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $187M

TOP NET IMPORTER (2018): United States, $82.3M

This map shows which countries export or import more of Splitting, slicing or paring machines for wood, etc. Each country is colored based on the difference in exports and imports of Splitting, slicing or paring machines for wood, etc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Splitting, slicing or paring machines for wood, etc were China ($187M), Finland ($43M), Germany ($31.1M), Austria ($20.1M), and Chinese Taipei ($13.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Splitting, slicing or paring machines for wood, etc were United States ($82.3M), Russia ($23.2M), France ($21.9M), Vietnam ($19.7M), and Czechia ($11M).

Trade Forecasts

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This section shows forecasts for total trade for Splitting, slicing or paring machines for wood, etc. 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 Splitting, slicing or paring machines for wood, etc was 4.96%.  The countries with the highest tariffs for importing Splitting, slicing or paring machines for wood, etc were Bahamas (40.2%), Bermuda (25%), Tunisia (20%), Maldives (19.6%), and Romania (17.2%).

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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.