HS Icon AC motors, single-phase, nes

850140 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.4B, Rnk 589 / 4726

Top Exporter (2018): $2.34B, China

Top Importer (2018): $1.65B, United States

Product Complexity (2018): 0.39, Rnk 1897 / 4873

Export Growth (CAGR)(2017 - 2018): 8.86%, Rnk 2832 / 4726

Mean Tariff (2018): 7.04%, Rnk 3191 / 6538

Share of World Trade (2018): 0.029%, Rnk 589 / 4726

Overview:  This page contains the latest trade data of AC motors, single-phase, nes. In 2018, AC motors, single-phase, nes were the world's 589th most traded product, with a total trade of $5.4B. Between 2017 and 2018 the exports of AC motors, single-phase, nes grew by 8.86%, from  $4.96B to $5.4B. Trade in AC motors, single-phase, nes represent 0.029% of total world trade.

Exports: In 2018 the top exporters of AC motors, single-phase, nes  were China ($2.34B), Mexico ($828M), United States ($262M), Italy ($251M), and Germany ($245M).

Imports: In 2018 the top importers of AC motors, single-phase, nes were United States ($1.65B), Mexico ($299M), Germany ($282M), France ($238M), and Poland ($159M).

Tariffs: In 2018 the average tariff for AC motors, single-phase, nes was 7.04%, been the 3191 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for AC motors, single-phase, nes are Bahamas (40.2%), Maldives (34.2%), Iran (30%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: AC motors, single-phase, nes ranks 1897th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.34B

Top Destination (2018): United States, $1.65B

AC motors, single-phase, nes are the world's 589th most traded product.

In 2018, the top exporters of AC motors, single-phase, nes were China ($2.34B), Mexico ($828M), United States ($262M), Italy ($251M), and Germany ($245M).

In 2018, the top importers of AC motors, single-phase, nes were United States ($1.65B), Mexico ($299M), Germany ($282M), France ($238M), and Poland ($159M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $251M

Top Destination Growth (2017 - 2018): United States, $158M

Between 2017 and 2018, the exports of AC motors, single-phase, nes grew the fastest in China ($251M), Mexico ($56.3M), United States ($53.1M), Germany ($41.8M), and Italy ($33M).

Between 2017 and 2018, the fastest growing importers of AC motors, single-phase, nes were United States ($158M), France ($52.8M), India ($49.6M), Germany ($47.4M), and Brazil ($40M).

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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 AC motors, single-phase, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of AC motors, single-phase, nes are explained by 9 countries.

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

TOP NET IMPORTER (2018): United States, $1.39B

This map shows which countries export or import more of AC motors, single-phase, nes. Each country is colored based on the difference in exports and imports of AC motors, single-phase, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of AC motors, single-phase, nes were China ($2.28B), Mexico ($529M), Tunisia ($191M), Italy ($92.3M), and Slovakia ($54.5M).

In 2018, the countries that had a largest trade value in imports than in exports of AC motors, single-phase, nes were United States ($1.39B), Indonesia ($120M), Turkey ($120M), Canada ($106M), and Brazil ($105M).

Trade Forecasts

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This section shows forecasts for total trade for AC motors, single-phase, nes. 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 AC motors, single-phase, nes was 7.04%.  The countries with the highest tariffs for importing AC motors, single-phase, nes were Bahamas (40.2%), Maldives (34.2%), Iran (30%), Bermuda (25%), 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.