HS Icon Diesel powered buses

870210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $15.3B, Rnk 186 / 4726

Top Exporter (2018): $1.97B, China

Top Importer (2018): $1.22B, United States

Product Complexity (2018): 0.27, Rnk 2128 / 4873

Export Growth (CAGR)(2017 - 2018): 6.82%, Rnk 3112 / 4726

Mean Tariff (2018): 13.5%, Rnk 1470 / 6538

Share of World Trade (2018): 0.083%, Rnk 186 / 4726

Overview:  This page contains the latest trade data of Diesel powered buses. In 2018, Diesel powered buses were the world's 186th most traded product, with a total trade of $15.3B. Between 2017 and 2018 the exports of Diesel powered buses grew by 6.82%, from  $14.3B to $15.3B. Trade in Diesel powered buses represent 0.083% of total world trade.

Exports: In 2018 the top exporters of Diesel powered buses  were China ($1.97B), Turkey ($1.78B), Japan ($1.73B), Germany ($1.46B), and Poland ($920M).

Imports: In 2018 the top importers of Diesel powered buses were United States ($1.22B), Germany ($1.08B), France ($883M), Italy ($787M), and Canada ($761M).

Tariffs: In 2018 the average tariff for Diesel powered buses was 13.5%, been the 1470 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diesel powered buses are Maldives (150%), Vietnam (46.3%), Nepal (42.5%), Thailand (38%), and Zimbabwe (35.6%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Diesel powered buses ranks 2128th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.97B

Top Destination (2018): United States, $1.22B

Diesel powered buses are the world's 186th most traded product.

In 2018, the top exporters of Diesel powered buses were China ($1.97B), Turkey ($1.78B), Japan ($1.73B), Germany ($1.46B), and Poland ($920M).

In 2018, the top importers of Diesel powered buses were United States ($1.22B), Germany ($1.08B), France ($883M), Italy ($787M), and Canada ($761M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): North Macedonia, $233M

Top Destination Growth (2017 - 2018): United States, $320M

Between 2017 and 2018, the exports of Diesel powered buses grew the fastest in North Macedonia ($233M), Belgium-Luxembourg ($203M), Turkey ($162M), China ($145M), and United Arab Emirates ($127M).

Between 2017 and 2018, the fastest growing importers of Diesel powered buses were United States ($320M), Italy ($252M), Saudi Arabia ($175M), Belgium-Luxembourg ($165M), and Spain ($121M).

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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 Diesel powered buses.

In 2018,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Diesel powered buses are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $1.96B

TOP NET IMPORTER (2018): Italy, $728M

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

In 2018, the countries that had a largest trade value in exports than in imports of Diesel powered buses were China ($1.96B), Turkey ($1.76B), Japan ($1.71B), Poland ($694M), and Czechia ($614M).

In 2018, the countries that had a largest trade value in imports than in exports of Diesel powered buses were Italy ($728M), Philippines ($564M), United States ($455M), France ($428M), and Saudi Arabia ($417M).

Trade Forecasts

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This section shows forecasts for total trade for Diesel powered buses. 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 Diesel powered buses was 13.5%.  The countries with the highest tariffs for importing Diesel powered buses were Maldives (150%), Vietnam (46.3%), Nepal (42.5%), Thailand (38%), and Zimbabwe (35.6%).

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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.