HS Icon Transportation

XVII (Harmonized System 1992 for Section)

World Trade (2018): $1.92T, Rnk 3 / 21

Top Exporter (2018): $320B, Germany

Top Importer (2018): $352B, United States

Product Complexity (2018): 1.11, Rnk 3 / 21

Export Growth (CAGR)(2017 - 2018): 7.19%, Rnk 17 / 21

Mean Tariff (2018): 8.75%, Rnk 11 / 21

Share of World Trade (2018): 10.5%, Rnk 3 / 21

Overview: In 2018, Transportation were the world's 3rd most traded product, with a total trade of $1.92T. Between 2017 and 2018 the exports of Transportation grew by 7.19%, from  $1.79T to $1.92T. Trade in Transportation represent 10.5% of total world trade.

Exports: In 2018 the top exporters of Transportation  were Germany ($320B), United States ($188B), Japan ($166B), Mexico ($122B), and France ($116B).

Imports: In 2018 the top importers of Transportation were United States ($352B), Germany ($160B), China ($110B), France ($102B), and United Kingdom ($96.4B).

Tariffs: In 2018 the average tariff for Transportation was 8.75%, been the 11 lowest tariff using the Section product classification.

The countries with the highest import tariffs for Transportation are Maldives (47.9%), Pakistan (38.2%), India (37.1%), Syria (34%), and Thailand (33.7%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Japan (0.027%).

Ranking: Transportation ranks 3rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $320B

Top Destination (2018): United States, $352B

Transportation are the world's 3rd most traded product.

In 2018, the top exporters of Transportation were Germany ($320B), United States ($188B), Japan ($166B), Mexico ($122B), and France ($116B).

In 2018, the top importers of Transportation were United States ($352B), Germany ($160B), China ($110B), France ($102B), and United Kingdom ($96.4B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $16.5B

Top Destination Growth (2017 - 2018): United States, $15.3B

Between 2017 and 2018, the exports of Transportation grew the fastest in China ($16.5B), United Arab Emirates ($13.4B), Belgium-Luxembourg ($10.3B), Germany ($10.1B), and Mexico ($10B).

Between 2017 and 2018, the fastest growing importers of Transportation were United States ($15.3B), Germany ($13.4B), France ($9.7B), Netherlands ($7.79B), and Brazil ($7.58B).

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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 Transportation.

In 2018,  market concentration measured using Shannon Entropy, was 4.62. This means that most of the exports of Transportation are explained by 24 countries.

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TOP NET EXPORTER (2018): Germany, $160B

TOP NET IMPORTER (2018): United States, $164B

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

In 2018, the countries that had a largest trade value in exports than in imports of Transportation were Germany ($160B), Japan ($133B), Mexico ($74.8B), South Korea ($67.4B), and Czechia ($23B).

In 2018, the countries that had a largest trade value in imports than in exports of Transportation were United States ($164B), Australia ($32.1B), Russia ($25.2B), United Kingdom ($19.9B), and China ($16.2B).

Trade Forecasts

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This section shows forecasts for total trade for Transportation. 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 Transportation was 8.75%.  The countries with the highest tariffs for importing Transportation were Maldives (47.9%), Pakistan (38.2%), India (37.1%), Syria (34%), and Thailand (33.7%).

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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.