HS Icon Road tractors for semi-trailers (truck tractors)

870120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $36.6B, Rnk 64 / 4726

Top Exporter (2018): $9.68B, Mexico

Top Importer (2018): $8.59B, United States

Product Complexity (2018): 0.68, Rnk 1331 / 4873

Export Growth (CAGR)(2017 - 2018): 25.8%, Rnk 1005 / 4726

Mean Tariff (2018): 8.86%, Rnk 2587 / 6538

Share of World Trade (2018): 0.2%, Rnk 64 / 4726

Overview:  This page contains the latest trade data of Road tractors for semi-trailers (truck tractors). In 2018, Road tractors for semi-trailers (truck tractors) were the world's 64th most traded product, with a total trade of $36.6B. Between 2017 and 2018 the exports of Road tractors for semi-trailers (truck tractors) grew by 25.8%, from  $29B to $36.6B. Trade in Road tractors for semi-trailers (truck tractors) represent 0.2% of total world trade.

Exports: In 2018 the top exporters of Road tractors for semi-trailers (truck tractors)  were Mexico ($9.68B), Netherlands ($5.78B), Germany ($4.88B), United States ($2.52B), and Belgium-Luxembourg ($2.44B).

Imports: In 2018 the top importers of Road tractors for semi-trailers (truck tractors) were United States ($8.59B), Canada ($2.95B), Germany ($2.37B), Poland ($1.85B), and France ($1.83B).

Tariffs: In 2018 the average tariff for Road tractors for semi-trailers (truck tractors) was 8.86%, been the 2587 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Road tractors for semi-trailers (truck tractors) are Maldives (35%), Bermuda (35%), Brazil (33.9%), and Poland (31%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), Rwanda (0%), and Uganda (0%).

Ranking: Road tractors for semi-trailers (truck tractors) ranks 1331st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $9.68B

Top Destination (2018): United States, $8.59B

Road tractors for semi-trailers (truck tractors) are the world's 64th most traded product.

In 2018, the top exporters of Road tractors for semi-trailers (truck tractors) were Mexico ($9.68B), Netherlands ($5.78B), Germany ($4.88B), United States ($2.52B), and Belgium-Luxembourg ($2.44B).

In 2018, the top importers of Road tractors for semi-trailers (truck tractors) were United States ($8.59B), Canada ($2.95B), Germany ($2.37B), Poland ($1.85B), and France ($1.83B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $3.35B

Top Destination Growth (2017 - 2018): United States, $2.75B

Between 2017 and 2018, the exports of Road tractors for semi-trailers (truck tractors) grew the fastest in Mexico ($3.35B), Germany ($920M), Netherlands ($725M), France ($641M), and United States ($607M).

Between 2017 and 2018, the fastest growing importers of Road tractors for semi-trailers (truck tractors) were United States ($2.75B), Canada ($1.25B), Germany ($877M), Spain ($428M), and South Africa ($358M).

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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 Road tractors for semi-trailers (truck tractors).

In 2018,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Road tractors for semi-trailers (truck tractors) are explained by 11 countries.

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TOP NET EXPORTER (2018): Mexico, $9.47B

TOP NET IMPORTER (2018): United States, $6.07B

This map shows which countries export or import more of Road tractors for semi-trailers (truck tractors). Each country is colored based on the difference in exports and imports of Road tractors for semi-trailers (truck tractors) during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Road tractors for semi-trailers (truck tractors) were Mexico ($9.47B), Netherlands ($5.07B), Germany ($2.51B), Sweden ($1.9B), and Belgium-Luxembourg ($1.6B).

In 2018, the countries that had a largest trade value in imports than in exports of Road tractors for semi-trailers (truck tractors) were United States ($6.07B), Canada ($2.87B), Russia ($1.15B), Italy ($1.01B), and Poland ($932M).

Trade Forecasts

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This section shows forecasts for total trade for Road tractors for semi-trailers (truck tractors). 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 Road tractors for semi-trailers (truck tractors) was 8.86%.  The countries with the highest tariffs for importing Road tractors for semi-trailers (truck tractors) were Maldives (35%), Bermuda (35%), Brazil (33.9%), and Poland (31%).

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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.