HS Icon Vehicle Chassis

8706 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.14B, Rnk 556 / 1225

Top Exporter (2018): $789M, Sweden

Top Importer (2018): $252M, China

Product Complexity (2018): 0.88, Rnk 208 / 1018

Export Growth (CAGR)(2017 - 2018): 6.55%, Rnk 912 / 1225

Mean Tariff (2018): 11.8%, Rnk 322 / 1259

Share of World Trade (2018): 0.023%, Rnk 556 / 1225

Overview:  This page contains the latest trade data of Vehicle Chassis. In 2018, Vehicle Chassis were the world's 556th most traded product, with a total trade of $4.14B. Between 2017 and 2018 the exports of Vehicle Chassis grew by 6.55%, from  $3.88B to $4.14B. Trade in Vehicle Chassis represent 0.023% of total world trade.

Exports: In 2018 the top exporters of Vehicle Chassis  were Sweden ($789M), Brazil ($527M), India ($413M), Japan ($413M), and China ($260M).

Imports: In 2018 the top importers of Vehicle Chassis were China ($252M), Nigeria ($216M), Malaysia ($183M), Denmark ($178M), and Spain ($169M).

Tariffs: In 2018 the average tariff for Vehicle Chassis was 11.8%, been the 322 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vehicle Chassis are Bermuda (75%), Pakistan (50%), Maldives (34.2%), Nepal (32.8%), and Aruba (32.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Vehicle Chassis ranks 208th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sweden, $789M

Top Destination (2018): China, $252M

Vehicle Chassis are the world's 556th most traded product.

In 2018, the top exporters of Vehicle Chassis were Sweden ($789M), Brazil ($527M), India ($413M), Japan ($413M), and China ($260M).

In 2018, the top importers of Vehicle Chassis were China ($252M), Nigeria ($216M), Malaysia ($183M), Denmark ($178M), and Spain ($169M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $69.5M

Top Destination Growth (2017 - 2018): Chile, $74.8M

Between 2017 and 2018, the exports of Vehicle Chassis grew the fastest in Japan ($69.5M), Poland ($65.8M), Singapore ($62.8M), Sweden ($58.9M), and Czechia ($43M).

Between 2017 and 2018, the fastest growing importers of Vehicle Chassis were Chile ($74.8M), Egypt ($72M), China ($71.2M), Uzbekistan ($70.1M), and Malaysia ($60.4M).

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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 Vehicle Chassis.

In 2018,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Vehicle Chassis are explained by 16 countries.

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TOP NET EXPORTER (2018): Sweden, $779M

TOP NET IMPORTER (2018): Denmark, $161M

This map shows which countries export or import more of Vehicle Chassis. Each country is colored based on the difference in exports and imports of Vehicle Chassis during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vehicle Chassis were Sweden ($779M), Brazil ($495M), Japan ($409M), India ($370M), and Germany ($202M).

In 2018, the countries that had a largest trade value in imports than in exports of Vehicle Chassis were Denmark ($161M), Mexico ($133M), Iran ($126M), Australia ($124M), and Egypt ($109M).

Trade Forecasts

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This section shows forecasts for total trade for Vehicle Chassis. 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 Vehicle Chassis was 11.8%.  The countries with the highest tariffs for importing Vehicle Chassis were Bermuda (75%), Pakistan (50%), Maldives (34.2%), Nepal (32.8%), and Aruba (32.7%).

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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.