HS Icon Stone Processing Machines

8474 (Harmonized System 1992 for 4-digit)

World Trade (2018): $17.1B, Rnk 217 / 1225

Top Exporter (2018): $3.22B, China

Top Importer (2018): $1.56B, United States

Product Complexity (2018): 0.33, Rnk 435 / 1018

Export Growth (CAGR)(2017 - 2018): 12%, Rnk 667 / 1225

Mean Tariff (2018): 4.22%, Rnk 952 / 1259

Share of World Trade (2018): 0.093%, Rnk 217 / 1225

Overview:  This page contains the latest trade data of Stone Processing Machines. In 2018, Stone Processing Machines were the world's 217th most traded product, with a total trade of $17.1B. Between 2017 and 2018 the exports of Stone Processing Machines grew by 12%, from  $15.3B to $17.1B. Trade in Stone Processing Machines represent 0.093% of total world trade.

Exports: In 2018 the top exporters of Stone Processing Machines  were China ($3.22B), Germany ($2.52B), Italy ($1.63B), United Kingdom ($1.21B), and United States ($892M).

Imports: In 2018 the top importers of Stone Processing Machines were United States ($1.56B), China ($779M), Germany ($743M), Australia ($707M), and Russia ($680M).

Tariffs: In 2018 the average tariff for Stone Processing Machines was 4.22%, been the 952 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Stone Processing Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Stone Processing Machines ranks 435th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.22B

Top Destination (2018): United States, $1.56B

Stone Processing Machines are the world's 217th most traded product.

In 2018, the top exporters of Stone Processing Machines were China ($3.22B), Germany ($2.52B), Italy ($1.63B), United Kingdom ($1.21B), and United States ($892M).

In 2018, the top importers of Stone Processing Machines were United States ($1.56B), China ($779M), Germany ($743M), Australia ($707M), and Russia ($680M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $306M

Top Destination Growth (2017 - 2018): China, $252M

Between 2017 and 2018, the exports of Stone Processing Machines grew the fastest in Italy ($306M), United Kingdom ($296M), Germany ($227M), Netherlands ($122M), and Austria ($106M).

Between 2017 and 2018, the fastest growing importers of Stone Processing Machines were China ($252M), United States ($209M), Australia ($196M), Poland ($155M), and Germany ($150M).

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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 Processing Machines.

In 2018,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Stone Processing Machines are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $2.44B

TOP NET IMPORTER (2018): United States, $665M

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

In 2018, the countries that had a largest trade value in exports than in imports of Stone Processing Machines were China ($2.44B), Germany ($1.78B), Italy ($1.48B), United Kingdom ($780M), and Finland ($270M).

In 2018, the countries that had a largest trade value in imports than in exports of Stone Processing Machines were United States ($665M), Russia ($603M), Australia ($478M), Algeria ($348M), and Mexico ($287M).

Trade Forecasts

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This section shows forecasts for total trade for Stone Processing 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 Processing Machines was 4.22%.  The countries with the highest tariffs for importing Stone Processing Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%).

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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.