HS Icon Parts for electric motors and generators

850300 (Harmonized System 1992 for 6-digit)

World Trade (2018): $18.6B, Rnk 151 / 4726

Top Exporter (2018): $4.34B, China

Top Importer (2018): $2.69B, United States

Product Complexity (2018): 0.45, Rnk 1795 / 4873

Export Growth (CAGR)(2017 - 2018): 39.8%, Rnk 493 / 4726

Mean Tariff (2018): 5.16%, Rnk 4027 / 6538

Share of World Trade (2018): 0.1%, Rnk 151 / 4726

Overview:  This page contains the latest trade data of Parts for electric motors and generators. In 2018, Parts for electric motors and generators were the world's 151st most traded product, with a total trade of $18.6B. Between 2017 and 2018 the exports of Parts for electric motors and generators grew by 39.8%, from  $13.3B to $18.6B. Trade in Parts for electric motors and generators represent 0.1% of total world trade.

Exports: In 2018 the top exporters of Parts for electric motors and generators  were China ($4.34B), Germany ($1.67B), United States ($1.16B), Italy ($1.04B), and Japan ($1.03B).

Imports: In 2018 the top importers of Parts for electric motors and generators were United States ($2.69B), Germany ($2.34B), Mexico ($1.1B), China ($933M), and France ($765M).

Tariffs: In 2018 the average tariff for Parts for electric motors and generators was 5.16%, been the 4027 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for electric motors and generators are Bahamas (40.2%), Maldives (35%), Bermuda (25%), Zimbabwe (20.5%), and Finland (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts for electric motors and generators ranks 1795th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.34B

Top Destination (2018): United States, $2.69B

Parts for electric motors and generators are the world's 151st most traded product.

In 2018, the top exporters of Parts for electric motors and generators were China ($4.34B), Germany ($1.67B), United States ($1.16B), Italy ($1.04B), and Japan ($1.03B).

In 2018, the top importers of Parts for electric motors and generators were United States ($2.69B), Germany ($2.34B), Mexico ($1.1B), China ($933M), and France ($765M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.58B

Top Destination Growth (2017 - 2018): United States, $2.69B

Between 2017 and 2018, the exports of Parts for electric motors and generators grew the fastest in China ($1.58B), United States ($611M), Denmark ($595M), Mexico ($587M), and India ($267M).

Between 2017 and 2018, the fastest growing importers of Parts for electric motors and generators were United States ($2.69B), Mexico ($1.1B), Germany ($313M), Denmark ($255M), and Indonesia ($191M).

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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 Parts for electric motors and generators.

In 2018,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Parts for electric motors and generators are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $3.41B

TOP NET IMPORTER (2018): United States, $1.53B

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

In 2018, the countries that had a largest trade value in exports than in imports of Parts for electric motors and generators were China ($3.41B), Japan ($508M), Finland ($402M), Italy ($395M), and Spain ($315M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts for electric motors and generators were United States ($1.53B), Germany ($668M), Mexico ($504M), Argentina ($340M), and Indonesia ($334M).

Trade Forecasts

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This section shows forecasts for total trade for Parts for electric motors and generators. 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 Parts for electric motors and generators was 5.16%.  The countries with the highest tariffs for importing Parts for electric motors and generators were Bahamas (40.2%), Maldives (35%), Bermuda (25%), Zimbabwe (20.5%), and Finland (15%).

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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.