HS Icon Wheeled tractors nes

870190 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.4B, Rnk 130 / 4726

Top Exporter (2018): $4.31B, Germany

Top Importer (2018): $3.18B, United States

Product Complexity (2018): 0.7, Rnk 1292 / 4873

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 2424 / 4726

Mean Tariff (2018): 5.76%, Rnk 3718 / 6538

Share of World Trade (2018): 0.11%, Rnk 130 / 4726

Overview: In 2018, Wheeled tractors nes were the world's 130th most traded product, with a total trade of $20.4B. Between 2017 and 2018 the exports of Wheeled tractors nes grew by 11.7%, from  $18.3B to $20.4B. Trade in Wheeled tractors nes represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Wheeled tractors nes  were Germany ($4.31B), United States ($2.32B), France ($1.73B), Japan ($1.62B), and Italy ($1.5B).

Imports: In 2018 the top importers of Wheeled tractors nes were United States ($3.18B), France ($1.68B), Germany ($1.23B), Canada ($1.15B), and United Kingdom ($1.02B).

Tariffs: In 2018 the average tariff for Wheeled tractors nes was 5.76%, been the 3718 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Wheeled tractors nes are Poland (31%), Thailand (18.9%), Romania (18.9%), Aruba (12%), and Nigeria (11%). The countries with the lowest tariffs are Singapore (0%), Bahamas (0%), Samoa (0%), Afghanistan (2.5%), and Egypt (3.78%).

Ranking: Wheeled tractors nes ranks 1292nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $4.31B

Top Destination (2018): United States, $3.18B

Wheeled tractors nes are the world's 130th most traded product.

In 2018, the top exporters of Wheeled tractors nes were Germany ($4.31B), United States ($2.32B), France ($1.73B), Japan ($1.62B), and Italy ($1.5B).

In 2018, the top importers of Wheeled tractors nes were United States ($3.18B), France ($1.68B), Germany ($1.23B), Canada ($1.15B), and United Kingdom ($1.02B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $532M

Top Destination Growth (2017 - 2018): United States, $390M

Between 2017 and 2018, the exports of Wheeled tractors nes grew the fastest in Germany ($532M), France ($282M), United Kingdom ($251M), Austria ($236M), and United States ($194M).

Between 2017 and 2018, the fastest growing importers of Wheeled tractors nes were United States ($390M), France ($368M), Poland ($219M), Italy ($198M), and Germany ($172M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Wheeled tractors nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Wheeled tractors nes are explained by 16 countries.

TOP NET EXPORTER (2018): Germany, $3.08B

TOP NET IMPORTER (2018): Canada, $883M

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

In 2018, the countries that had a largest trade value in exports than imports of Wheeled tractors nes were Germany ($3.08B), Japan ($1.44B), India ($856M), Italy ($845M), and Finland ($573M).

In 2018, the countries that had a largest trade value in imports than exports of Wheeled tractors nes were Canada ($883M), United States ($866M), Australia ($590M), Spain ($588M), and Poland ($538M).

Trade Forecasts

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This section shows forecasts for total trade for Wheeled tractors nes. 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 Wheeled tractors nes was 5.76%.  The countries with the highest tariffs for importing Wheeled tractors nes were Poland (31%), Thailand (18.9%), Romania (18.9%), Aruba (12%), and Nigeria (11%).

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