HS Icon Large Diesel Engine Cars

870333 (Harmonized System 1992 for 6-digit)

World Trade (2018): $34.4B, Rnk 68 / 4726

Top Exporter (2018): $9.3B, Germany

Top Importer (2018): $5.67B, Germany

Product Complexity (2018): 0.74, Rnk 1221 / 4873

Export Growth (CAGR)(2017 - 2018): -4.95%, Rnk 4132 / 4726

Mean Tariff (2018): 24.9%, Rnk 214 / 6538

Share of World Trade (2018): 0.19%, Rnk 68 / 4726

Overview:  This page contains the latest trade data of Large Diesel Engine Cars. In 2018, Large Diesel Engine Cars were the world's 68th most traded product, with a total trade of $34.4B. Between 2017 and 2018 the exports of Large Diesel Engine Cars decreased by -4.95%, from  $36.2B to $34.4B. Trade in Large Diesel Engine Cars represent 0.19% of total world trade.

Exports: In 2018 the top exporters of Large Diesel Engine Cars  were Germany ($9.3B), United States ($4.67B), Japan ($4.25B), United Kingdom ($3.56B), and Slovakia ($3.28B).

Imports: In 2018 the top importers of Large Diesel Engine Cars were Germany ($5.67B), United Kingdom ($3.48B), Australia ($2.38B), France ($1.97B), and Italy ($1.54B).

Tariffs: In 2018 the average tariff for Large Diesel Engine Cars was 24.9%, been the 214 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Large Diesel Engine Cars are Maldives (150%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Large Diesel Engine Cars ranks 1221st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $9.3B

Top Destination (2018): Germany, $5.67B

Large Diesel Engine Cars are the world's 68th most traded product.

In 2018, the top exporters of Large Diesel Engine Cars were Germany ($9.3B), United States ($4.67B), Japan ($4.25B), United Kingdom ($3.56B), and Slovakia ($3.28B).

In 2018, the top importers of Large Diesel Engine Cars were Germany ($5.67B), United Kingdom ($3.48B), Australia ($2.38B), France ($1.97B), and Italy ($1.54B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $1.07B

Top Destination Growth (2017 - 2018): Italy, $510M

Between 2017 and 2018, the exports of Large Diesel Engine Cars grew the fastest in Belgium-Luxembourg ($1.07B), Slovakia ($908M), United Arab Emirates ($293M), Japan ($177M), and Indonesia ($147M).

Between 2017 and 2018, the fastest growing importers of Large Diesel Engine Cars were Italy ($510M), France ($325M), Hungary ($210M), Saudi Arabia ($170M), and Poland ($168M).

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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 Large Diesel Engine Cars.

In 2018,  market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Large Diesel Engine Cars are explained by 12 countries.

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TOP NET EXPORTER (2018): United States, $4.1B

TOP NET IMPORTER (2018): Australia, $2.35B

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

In 2018, the countries that had a largest trade value in exports than in imports of Large Diesel Engine Cars were United States ($4.1B), Japan ($3.99B), Germany ($3.64B), Slovakia ($2.9B), and Belgium-Luxembourg ($1.04B).

In 2018, the countries that had a largest trade value in imports than in exports of Large Diesel Engine Cars were Australia ($2.35B), France ($1.74B), Russia ($1.39B), Italy ($1.27B), and South Korea ($1.21B).

Trade Forecasts

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This section shows forecasts for total trade for Large Diesel Engine Cars. 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 Large Diesel Engine Cars was 24.9%.  The countries with the highest tariffs for importing Large Diesel Engine Cars were Maldives (150%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%).

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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.