HS Icon Diesel powered trucks weighing < 5 tonnes

870421 (Harmonized System 1992 for 6-digit)

World Trade (2018): $61B, Rnk 33 / 4726

Top Exporter (2018): $8.41B, Thailand

Top Importer (2018): $5.4B, United Kingdom

Product Complexity (2018): -0.13, Rnk 2823 / 4873

Export Growth (CAGR)(2017 - 2018): 11.3%, Rnk 2470 / 4726

Mean Tariff (2018): 17.1%, Rnk 820 / 6538

Share of World Trade (2018): 0.33%, Rnk 33 / 4726

Overview:  This page contains the latest trade data of Diesel powered trucks weighing < 5 tonnes. In 2018, Diesel powered trucks weighing < 5 tonnes were the world's 33rd most traded product, with a total trade of $61B. Between 2017 and 2018 the exports of Diesel powered trucks weighing < 5 tonnes grew by 11.3%, from  $54.8B to $61B. Trade in Diesel powered trucks weighing < 5 tonnes represent 0.33% of total world trade.

Exports: In 2018 the top exporters of Diesel powered trucks weighing < 5 tonnes  were Thailand ($8.41B), Germany ($6.47B), France ($6.1B), Spain ($5.18B), and Italy ($4.81B).

Imports: In 2018 the top importers of Diesel powered trucks weighing < 5 tonnes were United Kingdom ($5.4B), France ($5.08B), Australia ($4.94B), Germany ($4.78B), and United States ($3.39B).

Tariffs: In 2018 the average tariff for Diesel powered trucks weighing < 5 tonnes was 17.1%, been the 820 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diesel powered trucks weighing < 5 tonnes are Iran (90%), Pakistan (60%), Thailand (38.2%), Indonesia (38.1%), and Maldives (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Diesel powered trucks weighing < 5 tonnes ranks 2823rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $8.41B

Top Destination (2018): United Kingdom, $5.4B

Diesel powered trucks weighing < 5 tonnes are the world's 33rd most traded product.

In 2018, the top exporters of Diesel powered trucks weighing < 5 tonnes were Thailand ($8.41B), Germany ($6.47B), France ($6.1B), Spain ($5.18B), and Italy ($4.81B).

In 2018, the top importers of Diesel powered trucks weighing < 5 tonnes were United Kingdom ($5.4B), France ($5.08B), Australia ($4.94B), Germany ($4.78B), and United States ($3.39B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $1.31B

Top Destination Growth (2017 - 2018): Germany, $1.48B

Between 2017 and 2018, the exports of Diesel powered trucks weighing < 5 tonnes grew the fastest in Poland ($1.31B), South Africa ($838M), Germany ($751M), Argentina ($654M), and France ($540M).

Between 2017 and 2018, the fastest growing importers of Diesel powered trucks weighing < 5 tonnes were Germany ($1.48B), Brazil ($814M), France ($665M), United States ($660M), and Netherlands ($621M).

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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 trucks weighing < 5 tonnes.

In 2018,  market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Diesel powered trucks weighing < 5 tonnes are explained by 17 countries.

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TOP NET EXPORTER (2018): Thailand, $8.37B

TOP NET IMPORTER (2018): Australia, $4.93B

This map shows which countries export or import more of Diesel powered trucks weighing < 5 tonnes. Each country is colored based on the difference in exports and imports of Diesel powered trucks weighing < 5 tonnes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Diesel powered trucks weighing < 5 tonnes were Thailand ($8.37B), Turkey ($4.14B), Spain ($3.51B), Mexico ($3.35B), and Argentina ($3.12B).

In 2018, the countries that had a largest trade value in imports than in exports of Diesel powered trucks weighing < 5 tonnes were Australia ($4.93B), United Kingdom ($4.88B), Netherlands ($2.16B), Brazil ($2.16B), and United States ($1.87B).

Trade Forecasts

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This section shows forecasts for total trade for Diesel powered trucks weighing < 5 tonnes. 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 trucks weighing < 5 tonnes was 17.1%.  The countries with the highest tariffs for importing Diesel powered trucks weighing < 5 tonnes were Iran (90%), Pakistan (60%), Thailand (38.2%), Indonesia (38.1%), and Maldives (35%).

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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.