HS Icon Transmissions for motor vehicles

870840 (Harmonized System 1992 for 6-digit)

World Trade (2018): $70.7B, Rnk 26 / 4726

Top Exporter (2018): $18.5B, Japan

Top Importer (2018): $13.3B, China

Product Complexity (2018): 1.48, Rnk 239 / 4873

Export Growth (CAGR)(2017 - 2018): 7.71%, Rnk 3001 / 4726

Mean Tariff (2018): 7.91%, Rnk 2868 / 6538

Share of World Trade (2018): 0.38%, Rnk 26 / 4726

Overview: In 2018, Transmissions for motor vehicles were the world's 26th most traded product, with a total trade of $70.7B. Between 2017 and 2018 the exports of Transmissions for motor vehicles grew by 7.71%, from  $65.7B to $70.7B. Trade in Transmissions for motor vehicles represent 0.38% of total world trade.

Exports: In 2018 the top exporters of Transmissions for motor vehicles  were Japan ($18.5B), Germany ($16.6B), United States ($5.89B), Mexico ($4.49B), and South Korea ($3.43B).

Imports: In 2018 the top importers of Transmissions for motor vehicles were China ($13.3B), United States ($10.4B), Germany ($5.88B), Mexico ($5.88B), and United Kingdom ($2.51B).

Tariffs: In 2018 the average tariff for Transmissions for motor vehicles was 7.91%, been the 2868 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Transmissions for motor vehicles are Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Transmissions for motor vehicles ranks 239th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $18.5B

Top Destination (2018): China, $13.3B

Transmissions for motor vehicles are the world's 26th most traded product.

In 2018, the top exporters of Transmissions for motor vehicles were Japan ($18.5B), Germany ($16.6B), United States ($5.89B), Mexico ($4.49B), and South Korea ($3.43B).

In 2018, the top importers of Transmissions for motor vehicles were China ($13.3B), United States ($10.4B), Germany ($5.88B), Mexico ($5.88B), and United Kingdom ($2.51B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $2.23B

Top Destination Growth (2017 - 2018): China, $873M

Between 2017 and 2018, the exports of Transmissions for motor vehicles grew the fastest in Germany ($2.23B), Japan ($2.07B), United States ($910M), Thailand ($504M), and China ($310M).

Between 2017 and 2018, the fastest growing importers of Transmissions for motor vehicles were China ($873M), Mexico ($843M), United States ($580M), Netherlands ($527M), and Thailand ($484M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Transmissions for motor vehicles.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Transmissions for motor vehicles are explained by 12 countries.

TOP NET EXPORTER (2018): Japan, $17.4B

TOP NET IMPORTER (2018): China, $11.5B

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

In 2018, the countries that had a largest trade value in exports than imports of Transmissions for motor vehicles were Japan ($17.4B), Germany ($10.8B), South Korea ($2.54B), Romania ($923M), and France ($520M).

In 2018, the countries that had a largest trade value in imports than exports of Transmissions for motor vehicles were China ($11.5B), United States ($4.53B), United Kingdom ($1.79B), Brazil ($1.59B), and Spain ($1.51B).

Trade Forecasts

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This section shows forecasts for total trade for Transmissions for motor vehicles. 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 Transmissions for motor vehicles was 7.91%.  The countries with the highest tariffs for importing Transmissions for motor vehicles were Maldives (41.5%), Pakistan (35%), Bermuda (35%), Cape Verde (30%), and Sri Lanka (29.3%).

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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.