HS Icon Vehicle Bodies

8707 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.51B, Rnk 336 / 1225

Top Exporter (2018): $1.46B, Germany

Top Importer (2018): $2.35B, Netherlands

Product Complexity (2018): 1.15, Rnk 126 / 1018

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 631 / 1225

Mean Tariff (2018): 10.5%, Rnk 400 / 1259

Share of World Trade (2018): 0.052%, Rnk 336 / 1225

Overview:  This page contains the latest trade data of Vehicle Bodies. In 2018, Vehicle Bodies were the world's 336th most traded product, with a total trade of $9.51B. Between 2017 and 2018 the exports of Vehicle Bodies grew by 12.7%, from  $8.43B to $9.51B. Trade in Vehicle Bodies represent 0.052% of total world trade.

Exports: In 2018 the top exporters of Vehicle Bodies  were Germany ($1.46B), United States ($1.23B), Sweden ($997M), Belgium-Luxembourg ($974M), and Spain ($510M).

Imports: In 2018 the top importers of Vehicle Bodies were Netherlands ($2.35B), United States ($1.16B), Algeria ($597M), Russia ($564M), and United Kingdom ($525M).

Tariffs: In 2018 the average tariff for Vehicle Bodies was 10.5%, been the 400 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vehicle Bodies are Thailand (52.3%), Pakistan (49.9%), Bermuda (35%), Maldives (34.2%), and Aruba (32.7%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Vehicle Bodies ranks 126th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.46B

Top Destination (2018): Netherlands, $2.35B

Vehicle Bodies are the world's 336th most traded product.

In 2018, the top exporters of Vehicle Bodies were Germany ($1.46B), United States ($1.23B), Sweden ($997M), Belgium-Luxembourg ($974M), and Spain ($510M).

In 2018, the top importers of Vehicle Bodies were Netherlands ($2.35B), United States ($1.16B), Algeria ($597M), Russia ($564M), and United Kingdom ($525M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $307M

Top Destination Growth (2017 - 2018): Algeria, $274M

Between 2017 and 2018, the exports of Vehicle Bodies grew the fastest in Spain ($307M), Belgium-Luxembourg ($194M), Czechia ($164M), Germany ($141M), and United States ($132M).

Between 2017 and 2018, the fastest growing importers of Vehicle Bodies were Algeria ($274M), United States ($262M), Netherlands ($216M), Morocco ($210M), and France ($163M).

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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 Bodies.

In 2018,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Vehicle Bodies are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $1.06B

TOP NET IMPORTER (2018): Netherlands, $2.23B

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

In 2018, the countries that had a largest trade value in exports than in imports of Vehicle Bodies were Germany ($1.06B), Sweden ($909M), Belgium-Luxembourg ($667M), Spain ($463M), and Czechia ($346M).

In 2018, the countries that had a largest trade value in imports than in exports of Vehicle Bodies were Netherlands ($2.23B), United Kingdom ($427M), Russia ($375M), Kazakhstan ($226M), and Poland ($193M).

Trade Forecasts

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This section shows forecasts for total trade for Vehicle Bodies. 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 Bodies was 10.5%.  The countries with the highest tariffs for importing Vehicle Bodies were Thailand (52.3%), Pakistan (49.9%), Bermuda (35%), Maldives (34.2%), 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.