HS Icon Spark ignition engine trucks weighing < 5 tonnes

870431 (Harmonized System 1992 for 6-digit)

World Trade (2018): $33B, Rnk 71 / 4726

Top Exporter (2018): $16.1B, Mexico

Top Importer (2018): $17.4B, United States

Product Complexity (2018): -0.22, Rnk 2975 / 4873

Export Growth (CAGR)(2017 - 2018): -1.55%, Rnk 3949 / 4726

Mean Tariff (2018): 16.9%, Rnk 842 / 6538

Share of World Trade (2018): 0.18%, Rnk 71 / 4726

Overview:  This page contains the latest trade data of Spark ignition engine trucks weighing < 5 tonnes. In 2018, Spark ignition engine trucks weighing < 5 tonnes were the world's 71st most traded product, with a total trade of $33B. Between 2017 and 2018 the exports of Spark ignition engine trucks weighing < 5 tonnes decreased by -1.55%, from  $33.5B to $33B. Trade in Spark ignition engine trucks weighing < 5 tonnes represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Spark ignition engine trucks weighing < 5 tonnes  were Mexico ($16.1B), United States ($9.05B), Canada ($2.35B), Japan ($932M), and Brazil ($730M).

Imports: In 2018 the top importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($17.4B), Canada ($8.66B), Mexico ($1.14B), United Arab Emirates ($383M), and Argentina ($361M).

Tariffs: In 2018 the average tariff for Spark ignition engine trucks weighing < 5 tonnes was 16.9%, been the 842 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spark ignition engine trucks weighing < 5 tonnes are Iran (90%), Pakistan (56.7%), Indonesia (38.2%), Thailand (38.1%), and Maldives (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Spark ignition engine trucks weighing < 5 tonnes ranks 2975th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Mexico, $16.1B

Top Destination (2018): United States, $17.4B

Spark ignition engine trucks weighing < 5 tonnes are the world's 71st most traded product.

In 2018, the top exporters of Spark ignition engine trucks weighing < 5 tonnes were Mexico ($16.1B), United States ($9.05B), Canada ($2.35B), Japan ($932M), and Brazil ($730M).

In 2018, the top importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($17.4B), Canada ($8.66B), Mexico ($1.14B), United Arab Emirates ($383M), and Argentina ($361M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $2.05B

Top Destination Growth (2017 - 2018): United States, $1.4B

Between 2017 and 2018, the exports of Spark ignition engine trucks weighing < 5 tonnes grew the fastest in Canada ($2.05B), Turkey ($217M), United Arab Emirates ($157M), China ($138M), and Poland ($96.9M).

Between 2017 and 2018, the fastest growing importers of Spark ignition engine trucks weighing < 5 tonnes were United States ($1.4B), Germany ($127M), France ($69.9M), Algeria ($55.4M), and Belgium-Luxembourg ($55.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Spark ignition engine trucks weighing < 5 tonnes.

In 2018,  market concentration measured using Shannon Entropy, was 2.39. This means that most of the exports of Spark ignition engine trucks weighing < 5 tonnes are explained by 5 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Mexico, $14.9B

TOP NET IMPORTER (2018): United States, $8.34B

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

In 2018, the countries that had a largest trade value in exports than in imports of Spark ignition engine trucks weighing < 5 tonnes were Mexico ($14.9B), Japan ($815M), Brazil ($546M), Spain ($524M), and Turkey ($483M).

In 2018, the countries that had a largest trade value in imports than in exports of Spark ignition engine trucks weighing < 5 tonnes were United States ($8.34B), Canada ($6.31B), Chile ($243M), Saudi Arabia ($239M), and United Arab Emirates ($224M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Spark ignition engine trucks weighing < 5 tonnes. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Spark ignition engine trucks weighing < 5 tonnes was 16.9%.  The countries with the highest tariffs for importing Spark ignition engine trucks weighing < 5 tonnes were Iran (90%), Pakistan (56.7%), Indonesia (38.2%), Thailand (38.1%), and Maldives (35%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.