HS Icon Electric resistance welding equipment, non-automatic

851529 (Harmonized System 1992 for 6-digit)

World Trade (2018): $252M, Rnk 3477 / 4726

Top Exporter (2018): $77.1M, China

Top Importer (2018): $23.5M, United States

Product Complexity (2018): 0.72, Rnk 1257 / 4873

Export Growth (CAGR)(2017 - 2018): 16.4%, Rnk 1737 / 4726

Mean Tariff (2018): 6.75%, Rnk 3309 / 6538

Share of World Trade (2018): 0.0014%, Rnk 3477 / 4726

Overview:  This page contains the latest trade data of Electric resistance welding equipment, non-automatic. In 2018, Electric resistance welding equipment, non-automatic were the world's 3477th most traded product, with a total trade of $252M. Between 2017 and 2018 the exports of Electric resistance welding equipment, non-automatic grew by 16.4%, from  $217M to $252M. Trade in Electric resistance welding equipment, non-automatic represent 0.0014% of total world trade.

Exports: In 2018 the top exporters of Electric resistance welding equipment, non-automatic  were China ($77.1M), Germany ($26M), Italy ($19.5M), United States ($19M), and France ($15.3M).

Imports: In 2018 the top importers of Electric resistance welding equipment, non-automatic were United States ($23.5M), China ($16.1M), India ($14.4M), Vietnam ($11.5M), and Mexico ($9.92M).

Tariffs: In 2018 the average tariff for Electric resistance welding equipment, non-automatic was 6.75%, been the 3309 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electric resistance welding equipment, non-automatic are Bahamas (40.2%), Iran (40%), Cambodia (35%), Bermuda (25%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Electric resistance welding equipment, non-automatic ranks 1257th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $77.1M

Top Destination (2018): United States, $23.5M

Electric resistance welding equipment, non-automatic are the world's 3477th most traded product.

In 2018, the top exporters of Electric resistance welding equipment, non-automatic were China ($77.1M), Germany ($26M), Italy ($19.5M), United States ($19M), and France ($15.3M).

In 2018, the top importers of Electric resistance welding equipment, non-automatic were United States ($23.5M), China ($16.1M), India ($14.4M), Vietnam ($11.5M), and Mexico ($9.92M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $12.7M

Top Destination Growth (2017 - 2018): Chile, $9.03M

Between 2017 and 2018, the exports of Electric resistance welding equipment, non-automatic grew the fastest in China ($12.7M), Brazil ($8.96M), United States ($5.08M), Italy ($5.04M), and Germany ($2.24M).

Between 2017 and 2018, the fastest growing importers of Electric resistance welding equipment, non-automatic were Chile ($9.03M), Vietnam ($5.92M), Russia ($5.46M), Australia ($5.04M), and China ($3.63M).

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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 Electric resistance welding equipment, non-automatic.

In 2018,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Electric resistance welding equipment, non-automatic are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $61M

TOP NET IMPORTER (2018): India, $13M

This map shows which countries export or import more of Electric resistance welding equipment, non-automatic. Each country is colored based on the difference in exports and imports of Electric resistance welding equipment, non-automatic during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electric resistance welding equipment, non-automatic were China ($61M), Germany ($19.4M), Italy ($15.2M), France ($11.7M), and Japan ($7.78M).

In 2018, the countries that had a largest trade value in imports than in exports of Electric resistance welding equipment, non-automatic were India ($13M), Vietnam ($11.4M), Chile ($9.71M), Mexico ($9.28M), and Russia ($8.12M).

Trade Forecasts

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This section shows forecasts for total trade for Electric resistance welding equipment, non-automatic. 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 Electric resistance welding equipment, non-automatic was 6.75%.  The countries with the highest tariffs for importing Electric resistance welding equipment, non-automatic were Bahamas (40.2%), Iran (40%), Cambodia (35%), Bermuda (25%), and Maldives (19.6%).

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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.