HS Icon Special purpose motor vehicles nes

870590 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.94B, Rnk 466 / 4726

Top Exporter (2018): $1.16B, United States

Top Importer (2018): $598M, Canada

Product Complexity (2018): -0.046, Rnk 2716 / 4873

Export Growth (CAGR)(2017 - 2018): 18.6%, Rnk 1504 / 4726

Mean Tariff (2018): 7.81%, Rnk 2907 / 6538

Share of World Trade (2018): 0.038%, Rnk 466 / 4726

Overview:  This page contains the latest trade data of Special purpose motor vehicles nes. In 2018, Special purpose motor vehicles nes were the world's 466th most traded product, with a total trade of $6.94B. Between 2017 and 2018 the exports of Special purpose motor vehicles nes grew by 18.6%, from  $5.85B to $6.94B. Trade in Special purpose motor vehicles nes represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Special purpose motor vehicles nes  were United States ($1.16B), Germany ($1.1B), Italy ($917M), China ($442M), and Russia ($376M).

Imports: In 2018 the top importers of Special purpose motor vehicles nes were Canada ($598M), France ($445M), United States ($425M), Germany ($312M), and Russia ($295M).

Tariffs: In 2018 the average tariff for Special purpose motor vehicles nes was 7.81%, been the 2907 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Special purpose motor vehicles nes are Thailand (37.6%), Maldives (35%), Bermuda (35%), Poland (31%), and Malaysia (30%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Special purpose motor vehicles nes ranks 2716th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.16B

Top Destination (2018): Canada, $598M

Special purpose motor vehicles nes are the world's 466th most traded product.

In 2018, the top exporters of Special purpose motor vehicles nes were United States ($1.16B), Germany ($1.1B), Italy ($917M), China ($442M), and Russia ($376M).

In 2018, the top importers of Special purpose motor vehicles nes were Canada ($598M), France ($445M), United States ($425M), Germany ($312M), and Russia ($295M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $326M

Top Destination Growth (2017 - 2018): Canada, $169M

Between 2017 and 2018, the exports of Special purpose motor vehicles nes grew the fastest in Italy ($326M), United States ($286M), United Arab Emirates ($108M), Canada ($101M), and Turkey ($72.8M).

Between 2017 and 2018, the fastest growing importers of Special purpose motor vehicles nes were Canada ($169M), Russia ($142M), Australia ($141M), France ($119M), and United States ($114M).

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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 Special purpose motor vehicles nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Special purpose motor vehicles nes are explained by 19 countries.

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TOP NET EXPORTER (2018): Italy, $844M

TOP NET IMPORTER (2018): Canada, $286M

This map shows which countries export or import more of Special purpose motor vehicles nes. Each country is colored based on the difference in exports and imports of Special purpose motor vehicles nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Special purpose motor vehicles nes were Italy ($844M), Germany ($788M), United States ($737M), China ($362M), and Denmark ($137M).

In 2018, the countries that had a largest trade value in imports than in exports of Special purpose motor vehicles nes were Canada ($286M), Algeria ($225M), Australia ($202M), Vietnam ($150M), and Belgium-Luxembourg ($118M).

Trade Forecasts

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This section shows forecasts for total trade for Special purpose motor vehicles nes. 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 Special purpose motor vehicles nes was 7.81%.  The countries with the highest tariffs for importing Special purpose motor vehicles nes were Thailand (37.6%), Maldives (35%), Bermuda (35%), Poland (31%), and Malaysia (30%).

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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.