HS Icon Drive axles with differential for motor vehicles

870850 (Harmonized System 1992 for 6-digit)

World Trade (2018): $25.7B, Rnk 100 / 4726

Top Exporter (2018): $4.95B, Germany

Top Importer (2018): $5.86B, United States

Product Complexity (2018): 1.16, Rnk 526 / 4873

Export Growth (CAGR)(2017 - 2018): 9.97%, Rnk 2669 / 4726

Mean Tariff (2018): 8.25%, Rnk 2773 / 6538

Share of World Trade (2018): 0.14%, Rnk 100 / 4726

Overview:  This page contains the latest trade data of Drive axles with differential for motor vehicles. In 2018, Drive axles with differential for motor vehicles were the world's 100th most traded product, with a total trade of $25.7B. Between 2017 and 2018 the exports of Drive axles with differential for motor vehicles grew by 9.97%, from  $23.4B to $25.7B. Trade in Drive axles with differential for motor vehicles represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Drive axles with differential for motor vehicles  were Germany ($4.95B), Mexico ($3.41B), Japan ($2.31B), United States ($2.01B), and Italy ($1.52B).

Imports: In 2018 the top importers of Drive axles with differential for motor vehicles were United States ($5.86B), Mexico ($2.35B), Germany ($2.22B), China ($1.23B), and United Kingdom ($882M).

Tariffs: In 2018 the average tariff for Drive axles with differential for motor vehicles was 8.25%, been the 2773 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Drive axles with differential 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: Drive axles with differential for motor vehicles ranks 526th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $4.95B

Top Destination (2018): United States, $5.86B

Drive axles with differential for motor vehicles are the world's 100th most traded product.

In 2018, the top exporters of Drive axles with differential for motor vehicles were Germany ($4.95B), Mexico ($3.41B), Japan ($2.31B), United States ($2.01B), and Italy ($1.52B).

In 2018, the top importers of Drive axles with differential for motor vehicles were United States ($5.86B), Mexico ($2.35B), Germany ($2.22B), China ($1.23B), and United Kingdom ($882M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $929M

Top Destination Growth (2017 - 2018): United States, $1.51B

Between 2017 and 2018, the exports of Drive axles with differential for motor vehicles grew the fastest in Mexico ($929M), Germany ($472M), Austria ($449M), Japan ($320M), and Italy ($152M).

Between 2017 and 2018, the fastest growing importers of Drive axles with differential for motor vehicles were United States ($1.51B), China ($255M), Poland ($153M), South Africa ($146M), and Italy ($145M).

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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 Drive axles with differential for motor vehicles.

In 2018,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Drive axles with differential for motor vehicles are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $2.73B

TOP NET IMPORTER (2018): United States, $3.85B

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

In 2018, the countries that had a largest trade value in exports than in imports of Drive axles with differential for motor vehicles were Germany ($2.73B), Japan ($2.07B), Mexico ($1.05B), Italy ($1.03B), and South Korea ($721M).

In 2018, the countries that had a largest trade value in imports than in exports of Drive axles with differential for motor vehicles were United States ($3.85B), Netherlands ($655M), Russia ($633M), United Kingdom ($625M), and Spain ($432M).

Trade Forecasts

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This section shows forecasts for total trade for Drive axles with differential 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 Drive axles with differential for motor vehicles was 8.25%.  The countries with the highest tariffs for importing Drive axles with differential 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.