HS Icon Diesel powered trucks weighing > 20 tonnes

870423 (Harmonized System 1992 for 6-digit)

World Trade (2018): $17.5B, Rnk 159 / 4726

Top Exporter (2018): $3.85B, Germany

Top Importer (2018): $1.63B, United States

Product Complexity (2018): 0.7, Rnk 1309 / 4873

Export Growth (CAGR)(2017 - 2018): 7.31%, Rnk 3051 / 4726

Mean Tariff (2018): 11.4%, Rnk 1888 / 6538

Share of World Trade (2018): 0.095%, Rnk 159 / 4726

Overview: In 2018, Diesel powered trucks weighing > 20 tonnes were the world's 159th most traded product, with a total trade of $17.5B. Between 2017 and 2018 the exports of Diesel powered trucks weighing > 20 tonnes grew by 7.31%, from  $16.3B to $17.5B. Trade in Diesel powered trucks weighing > 20 tonnes represent 0.095% of total world trade.

Exports: In 2018 the top exporters of Diesel powered trucks weighing > 20 tonnes  were Germany ($3.85B), Netherlands ($1.74B), Sweden ($1.67B), Mexico ($1.27B), and China ($1.15B).

Imports: In 2018 the top importers of Diesel powered trucks weighing > 20 tonnes were United States ($1.63B), Germany ($1.34B), Canada ($1.15B), France ($837M), and Russia ($712M).

Tariffs: In 2018 the average tariff for Diesel powered trucks weighing > 20 tonnes was 11.4%, been the 1888 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diesel powered trucks weighing > 20 tonnes are Thailand (38.1%), Maldives (35%), Bermuda (35%), and Brazil (34%). The countries with the lowest tariffs are Madagascar (0%), Mauritius (0%), Rwanda (0%), Uganda (0%), and Hong Kong (0%).

Ranking: Diesel powered trucks weighing > 20 tonnes ranks 1309th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.85B

Top Destination (2018): United States, $1.63B

Diesel powered trucks weighing > 20 tonnes are the world's 159th most traded product.

In 2018, the top exporters of Diesel powered trucks weighing > 20 tonnes were Germany ($3.85B), Netherlands ($1.74B), Sweden ($1.67B), Mexico ($1.27B), and China ($1.15B).

In 2018, the top importers of Diesel powered trucks weighing > 20 tonnes were United States ($1.63B), Germany ($1.34B), Canada ($1.15B), France ($837M), and Russia ($712M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $249M

Top Destination Growth (2017 - 2018): China, $367M

Between 2017 and 2018, the exports of Diesel powered trucks weighing > 20 tonnes grew the fastest in United States ($249M), Japan ($236M), Germany ($219M), Netherlands ($183M), and Mexico ($157M).

Between 2017 and 2018, the fastest growing importers of Diesel powered trucks weighing > 20 tonnes were China ($367M), Australia ($328M), France ($252M), United States ($250M), and Canada ($213M).

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 > 20 tonnes.

In 2018,  market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Diesel powered trucks weighing > 20 tonnes are explained by 16 countries.

TOP NET EXPORTER (2018): Germany, $2.51B

TOP NET IMPORTER (2018): Australia, $673M

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

In 2018, the countries that had a largest trade value in exports than imports of Diesel powered trucks weighing > 20 tonnes were Germany ($2.51B), Sweden ($1.47B), Netherlands ($1.41B), Mexico ($1.18B), and Japan ($967M).

In 2018, the countries that had a largest trade value in imports than exports of Diesel powered trucks weighing > 20 tonnes were Australia ($673M), Russia ($625M), Canada ($562M), United States ($516M), and Indonesia ($420M).

Trade Forecasts

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This section shows forecasts for total trade for Diesel powered trucks weighing > 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 > 20 tonnes was 11.4%.  The countries with the highest tariffs for importing Diesel powered trucks weighing > 20 tonnes were Thailand (38.1%), Maldives (35%), Bermuda (35%), and Brazil (34%).

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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.