HS Icon Motor-working Tools

8467 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.67B, Rnk 363 / 1225

Top Exporter (2018): $2.51B, China

Top Importer (2018): $1.63B, United States

Product Complexity (2018): 1.63, Rnk 32 / 1018

Export Growth (CAGR)(2017 - 2018): -2.1%, Rnk 1121 / 1225

Mean Tariff (2018): 4.76%, Rnk 863 / 1259

Share of World Trade (2018): 0.047%, Rnk 363 / 1225

Overview:  This page contains the latest trade data of Motor-working Tools. In 2018, Motor-working Tools were the world's 363rd most traded product, with a total trade of $8.67B. Between 2017 and 2018 the exports of Motor-working Tools decreased by -2.1%, from  $8.86B to $8.67B. Trade in Motor-working Tools represent 0.047% of total world trade.

Exports: In 2018 the top exporters of Motor-working Tools  were China ($2.51B), Germany ($1.19B), Chinese Taipei ($773M), United States ($726M), and Sweden ($523M).

Imports: In 2018 the top importers of Motor-working Tools were United States ($1.63B), Germany ($562M), France ($409M), Belgium-Luxembourg ($325M), and United Kingdom ($300M).

Tariffs: In 2018 the average tariff for Motor-working Tools was 4.76%, been the 863 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Motor-working Tools are Bahamas (39.3%), Bermuda (25%), Maldives (19.6%), and Brazil (15.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Motor-working Tools ranks 32nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.51B

Top Destination (2018): United States, $1.63B

Motor-working Tools are the world's 363rd most traded product.

In 2018, the top exporters of Motor-working Tools were China ($2.51B), Germany ($1.19B), Chinese Taipei ($773M), United States ($726M), and Sweden ($523M).

In 2018, the top importers of Motor-working Tools were United States ($1.63B), Germany ($562M), France ($409M), Belgium-Luxembourg ($325M), and United Kingdom ($300M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $79.7M

Top Destination Growth (2017 - 2018): Brazil, $34.6M

Between 2017 and 2018, the exports of Motor-working Tools grew the fastest in Belgium-Luxembourg ($79.7M), Germany ($40.1M), Netherlands ($33.4M), Slovenia ($30.1M), and United Kingdom ($25.8M).

Between 2017 and 2018, the fastest growing importers of Motor-working Tools were Brazil ($34.6M), Ukraine ($23.7M), India ($23.2M), Germany ($21.3M), and Indonesia ($19.5M).

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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 Motor-working Tools.

In 2018,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Motor-working Tools are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $2.24B

TOP NET IMPORTER (2018): United States, $901M

This map shows which countries export or import more of Motor-working Tools. Each country is colored based on the difference in exports and imports of Motor-working Tools during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Motor-working Tools were China ($2.24B), Chinese Taipei ($718M), Germany ($625M), Sweden ($390M), and Japan ($231M).

In 2018, the countries that had a largest trade value in imports than in exports of Motor-working Tools were United States ($901M), France ($237M), Russia ($231M), United Kingdom ($168M), and Canada ($166M).

Trade Forecasts

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This section shows forecasts for total trade for Motor-working Tools. 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 Motor-working Tools was 4.76%.  The countries with the highest tariffs for importing Motor-working Tools were Bahamas (39.3%), Bermuda (25%), Maldives (19.6%), and Brazil (15.5%).

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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.