HS Icon Transmissions

8483 (Harmonized System 1992 for 4-digit)

World Trade (2018): $60.6B, Rnk 48 / 1225

Top Exporter (2018): $13.2B, Germany

Top Importer (2018): $9.95B, United States

Product Complexity (2018): 1.46, Rnk 54 / 1018

Export Growth (CAGR)(2017 - 2018): 11.8%, Rnk 682 / 1225

Mean Tariff (2018): 4.65%, Rnk 884 / 1259

Share of World Trade (2018): 0.33%, Rnk 48 / 1225

Overview: In 2018, Transmissions were the world's 48th most traded product, with a total trade of $60.6B. Between 2017 and 2018 the exports of Transmissions grew by 11.8%, from  $54.2B to $60.6B. Trade in Transmissions represent 0.33% of total world trade.

Exports: In 2018 the top exporters of Transmissions  were Germany ($13.2B), China ($7.89B), Japan ($5.81B), United States ($5.06B), and Italy ($3.74B).

Imports: In 2018 the top importers of Transmissions were United States ($9.95B), Germany ($5.82B), China ($5.36B), Mexico ($2.8B), and France ($2.43B).

Tariffs: In 2018 the average tariff for Transmissions was 4.65%, been the 884 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Transmissions are Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (28.9%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Transmissions ranks 54th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $13.2B

Top Destination (2018): United States, $9.95B

Transmissions are the world's 48th most traded product.

In 2018, the top exporters of Transmissions were Germany ($13.2B), China ($7.89B), Japan ($5.81B), United States ($5.06B), and Italy ($3.74B).

In 2018, the top importers of Transmissions were United States ($9.95B), Germany ($5.82B), China ($5.36B), Mexico ($2.8B), and France ($2.43B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.65B

Top Destination Growth (2017 - 2018): United States, $926M

Between 2017 and 2018, the exports of Transmissions grew the fastest in Germany ($1.65B), China ($854M), Chinese Taipei ($603M), United States ($434M), and Japan ($321M).

Between 2017 and 2018, the fastest growing importers of Transmissions were United States ($926M), Canada ($884M), France ($387M), Germany ($377M), and Italy ($362M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Transmissions.

In 2018,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Transmissions are explained by 19 countries.

TOP NET EXPORTER (2018): Germany, $7.36B

TOP NET IMPORTER (2018): United States, $4.89B

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

In 2018, the countries that had a largest trade value in exports than imports of Transmissions were Germany ($7.36B), Japan ($4.05B), China ($2.53B), Italy ($1.74B), and Chinese Taipei ($1.46B).

In 2018, the countries that had a largest trade value in imports than exports of Transmissions were United States ($4.89B), Mexico ($1.66B), Russia ($699M), United Kingdom ($629M), and Thailand ($604M).

Trade Forecasts

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This section shows forecasts for total trade for 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 Transmissions was 4.65%.  The countries with the highest tariffs for importing Transmissions were Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (28.9%), and Samoa (20%).

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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.