HS Icon Diesel powered trucks weighing 5-20 tonnes

870422 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.6B, Rnk 127 / 4726

Top Exporter (2018): $3.91B, Japan

Top Importer (2018): $4.95B, United States

Product Complexity (2018): 0.82, Rnk 1079 / 4873

Export Growth (CAGR)(2017 - 2018): -4.21%, Rnk 4103 / 4726

Mean Tariff (2018): 12.8%, Rnk 1623 / 6538

Share of World Trade (2018): 0.11%, Rnk 127 / 4726

Overview:  This page contains the latest trade data of Diesel powered trucks weighing 5-20 tonnes. In 2018, Diesel powered trucks weighing 5-20 tonnes were the world's 127th most traded product, with a total trade of $20.6B. Between 2017 and 2018 the exports of Diesel powered trucks weighing 5-20 tonnes decreased by -4.21%, from  $21.5B to $20.6B. Trade in Diesel powered trucks weighing 5-20 tonnes represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Diesel powered trucks weighing 5-20 tonnes  were Japan ($3.91B), Mexico ($3.54B), Germany ($1.78B), United States ($1.35B), and France ($1.15B).

Imports: In 2018 the top importers of Diesel powered trucks weighing 5-20 tonnes were United States ($4.95B), Canada ($1.42B), Germany ($1.15B), United Kingdom ($913M), and France ($779M).

Tariffs: In 2018 the average tariff for Diesel powered trucks weighing 5-20 tonnes was 12.8%, been the 1623 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diesel powered trucks weighing 5-20 tonnes are Indonesia (39.1%), Thailand (38.2%), Maldives (35%), Bermuda (35%), and Brazil (34.1%). The countries with the lowest tariffs are Madagascar (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Diesel powered trucks weighing 5-20 tonnes ranks 1079th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $3.91B

Top Destination (2018): United States, $4.95B

Diesel powered trucks weighing 5-20 tonnes are the world's 127th most traded product.

In 2018, the top exporters of Diesel powered trucks weighing 5-20 tonnes were Japan ($3.91B), Mexico ($3.54B), Germany ($1.78B), United States ($1.35B), and France ($1.15B).

In 2018, the top importers of Diesel powered trucks weighing 5-20 tonnes were United States ($4.95B), Canada ($1.42B), Germany ($1.15B), United Kingdom ($913M), and France ($779M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $308M

Top Destination Growth (2017 - 2018): Germany, $307M

Between 2017 and 2018, the exports of Diesel powered trucks weighing 5-20 tonnes grew the fastest in Belgium-Luxembourg ($308M), France ($232M), Austria ($177M), Spain ($167M), and Japan ($101M).

Between 2017 and 2018, the fastest growing importers of Diesel powered trucks weighing 5-20 tonnes were Germany ($307M), Australia ($119M), South Africa ($110M), Poland ($97.3M), and Colombia ($82.8M).

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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 5-20 tonnes.

In 2018,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Diesel powered trucks weighing 5-20 tonnes are explained by 17 countries.

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TOP NET EXPORTER (2018): Japan, $3.9B

TOP NET IMPORTER (2018): United States, $3.6B

This map shows which countries export or import more of Diesel powered trucks weighing 5-20 tonnes. Each country is colored based on the difference in exports and imports of Diesel powered trucks weighing 5-20 tonnes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Diesel powered trucks weighing 5-20 tonnes were Japan ($3.9B), Mexico ($3.33B), Austria ($859M), Germany ($631M), and Belgium-Luxembourg ($558M).

In 2018, the countries that had a largest trade value in imports than in exports of Diesel powered trucks weighing 5-20 tonnes were United States ($3.6B), Australia ($629M), United Kingdom ($557M), Canada ($507M), and Poland ($340M).

Trade Forecasts

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This section shows forecasts for total trade for Diesel powered trucks weighing 5-20 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 5-20 tonnes was 12.8%.  The countries with the highest tariffs for importing Diesel powered trucks weighing 5-20 tonnes were Indonesia (39.1%), Thailand (38.2%), Maldives (35%), Bermuda (35%), and Brazil (34.1%).

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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.