HS Icon Vacuum Cleaners

8508 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18B, Rnk 205 / 1225

Top Exporter (2018): $9.33B, China

Top Importer (2018): $4.4B, United States

Product Complexity (2018): 1.39, Rnk 67 / 1018

Export Growth (CAGR)(2017 - 2018): 9.25%, Rnk 810 / 1225

Mean Tariff (2018): 10.9%, Rnk 374 / 1259

Share of World Trade (2018): 0.098%, Rnk 205 / 1225

Overview:  This page contains the latest trade data of Vacuum Cleaners. In 2018, Vacuum Cleaners were the world's 205th most traded product, with a total trade of $18B. Between 2017 and 2018 the exports of Vacuum Cleaners grew by 9.25%, from  $16.5B to $18B. Trade in Vacuum Cleaners represent 0.098% of total world trade.

Exports: In 2018 the top exporters of Vacuum Cleaners  were China ($9.33B), Germany ($2.31B), Mexico ($641M), Austria ($578M), and Hungary ($515M).

Imports: In 2018 the top importers of Vacuum Cleaners were United States ($4.4B), Germany ($1.98B), France ($1.14B), United Kingdom ($716M), and Belgium-Luxembourg ($710M).

Tariffs: In 2018 the average tariff for Vacuum Cleaners was 10.9%, been the 374 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vacuum Cleaners are Bahamas (40.2%), Syria (39.8%), Cambodia (35%), Sudan (35%), and Iran (33.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Vacuum Cleaners ranks 67th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $9.33B

Top Destination (2018): United States, $4.4B

Vacuum Cleaners are the world's 205th most traded product.

In 2018, the top exporters of Vacuum Cleaners were China ($9.33B), Germany ($2.31B), Mexico ($641M), Austria ($578M), and Hungary ($515M).

In 2018, the top importers of Vacuum Cleaners were United States ($4.4B), Germany ($1.98B), France ($1.14B), United Kingdom ($716M), and Belgium-Luxembourg ($710M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $385M

Top Destination Growth (2017 - 2018): United States, $288M

Between 2017 and 2018, the exports of Vacuum Cleaners grew the fastest in Germany ($385M), Belgium-Luxembourg ($228M), United States ($210M), China ($171M), and Netherlands ($139M).

Between 2017 and 2018, the fastest growing importers of Vacuum Cleaners were United States ($288M), France ($174M), Germany ($154M), India ($104M), and Poland ($103M).

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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 Vacuum Cleaners.

In 2018,  market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Vacuum Cleaners are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $9.2B

TOP NET IMPORTER (2018): United States, $3.93B

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

In 2018, the countries that had a largest trade value in exports than in imports of Vacuum Cleaners were China ($9.2B), Mexico ($439M), Malaysia ($393M), Hungary ($341M), and Germany ($327M).

In 2018, the countries that had a largest trade value in imports than in exports of Vacuum Cleaners were United States ($3.93B), France ($873M), Canada ($562M), United Kingdom ($516M), and Russia ($439M).

Trade Forecasts

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This section shows forecasts for total trade for Vacuum Cleaners. 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 Vacuum Cleaners was 10.9%.  The countries with the highest tariffs for importing Vacuum Cleaners were Bahamas (40.2%), Syria (39.8%), Cambodia (35%), Sudan (35%), and Iran (33.8%).

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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.