HS Icon Radio navigational aid apparatus

852691 (Harmonized System 1992 for 6-digit)

World Trade (2018): $11.6B, Rnk 258 / 4726

Top Exporter (2018): $1.62B, Germany

Top Importer (2018): $2.13B, United States

Product Complexity (2018): 0.89, Rnk 962 / 4873

Export Growth (CAGR)(2017 - 2018): -8.73%, Rnk 4282 / 4726

Mean Tariff (2018): 3.62%, Rnk 5335 / 6538

Share of World Trade (2018): 0.063%, Rnk 258 / 4726

Overview:  This page contains the latest trade data of Radio navigational aid apparatus. In 2018, Radio navigational aid apparatus were the world's 258th most traded product, with a total trade of $11.6B. Between 2017 and 2018 the exports of Radio navigational aid apparatus decreased by -8.73%, from  $12.7B to $11.6B. Trade in Radio navigational aid apparatus represent 0.063% of total world trade.

Exports: In 2018 the top exporters of Radio navigational aid apparatus  were Germany ($1.62B), China ($1.49B), United States ($972M), Japan ($751M), and Chinese Taipei ($643M).

Imports: In 2018 the top importers of Radio navigational aid apparatus were United States ($2.13B), Germany ($1.72B), United Kingdom ($805M), Japan ($691M), and China ($389M).

Tariffs: In 2018 the average tariff for Radio navigational aid apparatus was 3.62%, been the 5335 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Radio navigational aid apparatus are Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Radio navigational aid apparatus ranks 962nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.62B

Top Destination (2018): United States, $2.13B

Radio navigational aid apparatus are the world's 258th most traded product.

In 2018, the top exporters of Radio navigational aid apparatus were Germany ($1.62B), China ($1.49B), United States ($972M), Japan ($751M), and Chinese Taipei ($643M).

In 2018, the top importers of Radio navigational aid apparatus were United States ($2.13B), Germany ($1.72B), United Kingdom ($805M), Japan ($691M), and China ($389M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $434M

Top Destination Growth (2017 - 2018): Spain, $98.1M

Between 2017 and 2018, the exports of Radio navigational aid apparatus grew the fastest in Germany ($434M), Belgium-Luxembourg ($225M), United Kingdom ($148M), Poland ($146M), and Netherlands ($116M).

Between 2017 and 2018, the fastest growing importers of Radio navigational aid apparatus were Spain ($98.1M), Russia ($71.8M), Czechia ($65.9M), India ($62.5M), and Austria ($61.3M).

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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 Radio navigational aid apparatus.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Radio navigational aid apparatus are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $1.1B

TOP NET IMPORTER (2018): United States, $1.16B

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

In 2018, the countries that had a largest trade value in exports than in imports of Radio navigational aid apparatus were China ($1.1B), Chinese Taipei ($604M), Malaysia ($474M), Mexico ($426M), and Portugal ($265M).

In 2018, the countries that had a largest trade value in imports than in exports of Radio navigational aid apparatus were United States ($1.16B), United Kingdom ($310M), Hong Kong ($281M), Sweden ($210M), and Spain ($203M).

Trade Forecasts

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This section shows forecasts for total trade for Radio navigational aid apparatus. 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 Radio navigational aid apparatus was 3.62%.  The countries with the highest tariffs for importing Radio navigational aid apparatus were Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), 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.