HS Icon Valves for oleohydraulic or pneumatic transmissions

848120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.2B, Rnk 242 / 4726

Top Exporter (2018): $3.49B, Germany

Top Importer (2018): $1.8B, United States

Product Complexity (2018): 1.37, Rnk 319 / 4873

Export Growth (CAGR)(2017 - 2018): 18.7%, Rnk 1493 / 4726

Mean Tariff (2018): 5.97%, Rnk 3606 / 6538

Share of World Trade (2018): 0.066%, Rnk 242 / 4726

Overview:  This page contains the latest trade data of Valves for oleohydraulic or pneumatic transmissions. In 2018, Valves for oleohydraulic or pneumatic transmissions were the world's 242nd most traded product, with a total trade of $12.2B. Between 2017 and 2018 the exports of Valves for oleohydraulic or pneumatic transmissions grew by 18.7%, from  $10.3B to $12.2B. Trade in Valves for oleohydraulic or pneumatic transmissions represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Valves for oleohydraulic or pneumatic transmissions  were Germany ($3.49B), Japan ($1.46B), United States ($1.42B), Italy ($1.05B), and Mexico ($533M).

Imports: In 2018 the top importers of Valves for oleohydraulic or pneumatic transmissions were United States ($1.8B), China ($1.78B), Germany ($1.21B), France ($642M), and Italy ($455M).

Tariffs: In 2018 the average tariff for Valves for oleohydraulic or pneumatic transmissions was 5.97%, been the 3606 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Valves for oleohydraulic or pneumatic transmissions are Bahamas (40.2%), Bermuda (25%), Morocco (19.7%), Cameroon (19.6%), and Gabon (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Valves for oleohydraulic or pneumatic transmissions ranks 319th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.49B

Top Destination (2018): United States, $1.8B

Valves for oleohydraulic or pneumatic transmissions are the world's 242nd most traded product.

In 2018, the top exporters of Valves for oleohydraulic or pneumatic transmissions were Germany ($3.49B), Japan ($1.46B), United States ($1.42B), Italy ($1.05B), and Mexico ($533M).

In 2018, the top importers of Valves for oleohydraulic or pneumatic transmissions were United States ($1.8B), China ($1.78B), Germany ($1.21B), France ($642M), and Italy ($455M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $808M

Top Destination Growth (2017 - 2018): United States, $197M

Between 2017 and 2018, the exports of Valves for oleohydraulic or pneumatic transmissions grew the fastest in Germany ($808M), Italy ($250M), United States ($210M), Mexico ($130M), and Japan ($90.4M).

Between 2017 and 2018, the fastest growing importers of Valves for oleohydraulic or pneumatic transmissions were United States ($197M), China ($187M), United Kingdom ($118M), Italy ($95.1M), and India ($90.8M).

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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 Valves for oleohydraulic or pneumatic transmissions.

In 2018,  market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Valves for oleohydraulic or pneumatic transmissions are explained by 14 countries.

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TOP NET EXPORTER (2018): Germany, $2.28B

TOP NET IMPORTER (2018): China, $1.44B

This map shows which countries export or import more of Valves for oleohydraulic or pneumatic transmissions. Each country is colored based on the difference in exports and imports of Valves for oleohydraulic or pneumatic transmissions during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Valves for oleohydraulic or pneumatic transmissions were Germany ($2.28B), Japan ($1.23B), Italy ($591M), Switzerland ($222M), and Denmark ($183M).

In 2018, the countries that had a largest trade value in imports than in exports of Valves for oleohydraulic or pneumatic transmissions were China ($1.44B), United States ($372M), France ($304M), Canada ($264M), and Netherlands ($206M).

Trade Forecasts

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This section shows forecasts for total trade for Valves for oleohydraulic or pneumatic transmissions. 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 Valves for oleohydraulic or pneumatic transmissions was 5.97%.  The countries with the highest tariffs for importing Valves for oleohydraulic or pneumatic transmissions were Bahamas (40.2%), Bermuda (25%), Morocco (19.7%), Cameroon (19.6%), and Gabon (19.6%).

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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.