HS Icon Gearing, ball screws, speed changers, torque converte

848340 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.1B, Rnk 133 / 4726

Top Exporter (2018): $3.76B, Germany

Top Importer (2018): $3.88B, United States

Product Complexity (2018): 1.41, Rnk 286 / 4873

Export Growth (CAGR)(2017 - 2018): 23.6%, Rnk 1140 / 4726

Mean Tariff (2018): 4.94%, Rnk 4184 / 6538

Share of World Trade (2018): 0.11%, Rnk 133 / 4726

Overview:  This page contains the latest trade data of Gearing, ball screws, speed changers, torque converte. In 2018, Gearing, ball screws, speed changers, torque converte were the world's 133rd most traded product, with a total trade of $20.1B. Between 2017 and 2018 the exports of Gearing, ball screws, speed changers, torque converte grew by 23.6%, from  $16.3B to $20.1B. Trade in Gearing, ball screws, speed changers, torque converte represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Gearing, ball screws, speed changers, torque converte  were Germany ($3.76B), Japan ($2.47B), China ($2.45B), Italy ($1.89B), and Chinese Taipei ($1.24B).

Imports: In 2018 the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.88B), China ($2.26B), Germany ($1.72B), France ($745M), and Mexico ($693M).

Tariffs: In 2018 the average tariff for Gearing, ball screws, speed changers, torque converte was 4.94%, been the 4184 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Gearing, ball screws, speed changers, torque converte are Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (31.2%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Gearing, ball screws, speed changers, torque converte ranks 286th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.76B

Top Destination (2018): United States, $3.88B

Gearing, ball screws, speed changers, torque converte are the world's 133rd most traded product.

In 2018, the top exporters of Gearing, ball screws, speed changers, torque converte were Germany ($3.76B), Japan ($2.47B), China ($2.45B), Italy ($1.89B), and Chinese Taipei ($1.24B).

In 2018, the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.88B), China ($2.26B), Germany ($1.72B), France ($745M), and Mexico ($693M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $693M

Top Destination Growth (2017 - 2018): United States, $720M

Between 2017 and 2018, the exports of Gearing, ball screws, speed changers, torque converte grew the fastest in Chinese Taipei ($693M), Japan ($608M), Germany ($395M), Italy ($271M), and Spain ($231M).

Between 2017 and 2018, the fastest growing importers of Gearing, ball screws, speed changers, torque converte were United States ($720M), China ($576M), Germany ($478M), Canada ($293M), and France ($254M).

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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 Gearing, ball screws, speed changers, torque converte.

In 2018,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Gearing, ball screws, speed changers, torque converte are explained by 18 countries.

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TOP NET EXPORTER (2018): Germany, $2.03B

TOP NET IMPORTER (2018): United States, $2.76B

This map shows which countries export or import more of Gearing, ball screws, speed changers, torque converte. Each country is colored based on the difference in exports and imports of Gearing, ball screws, speed changers, torque converte during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Gearing, ball screws, speed changers, torque converte were Germany ($2.03B), Japan ($1.96B), Italy ($1.23B), Chinese Taipei ($1.08B), and Slovakia ($330M).

In 2018, the countries that had a largest trade value in imports than in exports of Gearing, ball screws, speed changers, torque converte were United States ($2.76B), Mexico ($306M), Brazil ($293M), Canada ($273M), and United Kingdom ($268M).

Trade Forecasts

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This section shows forecasts for total trade for Gearing, ball screws, speed changers, torque converte. 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 Gearing, ball screws, speed changers, torque converte was 4.94%.  The countries with the highest tariffs for importing Gearing, ball screws, speed changers, torque converte were Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (31.2%), and Tunisia (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.