HS Icon Tanks and other armoured fighting vehicles

871000 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.86B, Rnk 1050 / 4726

Top Exporter (2018): $564M, Belgium-Luxembourg

Top Importer (2018): $529M, Canada

Product Complexity (2018): 0.6, Rnk 1480 / 4873

Export Growth (CAGR)(2017 - 2018): 38.1%, Rnk 523 / 4726

Mean Tariff (2018): 5.95%, Rnk 3617 / 6538

Share of World Trade (2018): 0.016%, Rnk 1050 / 4726

Overview:  This page contains the latest trade data of Tanks and other armoured fighting vehicles. In 2018, Tanks and other armoured fighting vehicles were the world's 1050th most traded product, with a total trade of $2.86B. Between 2017 and 2018 the exports of Tanks and other armoured fighting vehicles grew by 38.1%, from  $2.07B to $2.86B. Trade in Tanks and other armoured fighting vehicles represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Tanks and other armoured fighting vehicles  were Belgium-Luxembourg ($564M), United States ($460M), Canada ($294M), Germany ($239M), and Austria ($185M).

Imports: In 2018 the top importers of Tanks and other armoured fighting vehicles were Canada ($529M), United States ($256M), Australia ($254M), Belgium-Luxembourg ($227M), and Japan ($201M).

Tariffs: In 2018 the average tariff for Tanks and other armoured fighting vehicles was 5.95%, been the 3617 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Tanks and other armoured fighting vehicles are Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Ecuador (27.6%), and Romania (25.7%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Egypt (0%), Ethiopia (0%), and Kenya (0%).

Ranking: Tanks and other armoured fighting vehicles ranks 1480th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $564M

Top Destination (2018): Canada, $529M

Tanks and other armoured fighting vehicles are the world's 1050th most traded product.

In 2018, the top exporters of Tanks and other armoured fighting vehicles were Belgium-Luxembourg ($564M), United States ($460M), Canada ($294M), Germany ($239M), and Austria ($185M).

In 2018, the top importers of Tanks and other armoured fighting vehicles were Canada ($529M), United States ($256M), Australia ($254M), Belgium-Luxembourg ($227M), and Japan ($201M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $506M

Top Destination Growth (2017 - 2018): Canada, $501M

Between 2017 and 2018, the exports of Tanks and other armoured fighting vehicles grew the fastest in Belgium-Luxembourg ($506M), Canada ($156M), France ($118M), China ($56.4M), and Germany ($55.3M).

Between 2017 and 2018, the fastest growing importers of Tanks and other armoured fighting vehicles were Canada ($501M), Belgium-Luxembourg ($210M), Japan ($187M), Thailand ($161M), and Brazil ($69.4M).

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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 Tanks and other armoured fighting vehicles.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Tanks and other armoured fighting vehicles are explained by 15 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $337M

TOP NET IMPORTER (2018): Australia, $238M

This map shows which countries export or import more of Tanks and other armoured fighting vehicles. Each country is colored based on the difference in exports and imports of Tanks and other armoured fighting vehicles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tanks and other armoured fighting vehicles were Belgium-Luxembourg ($337M), United States ($204M), Austria ($185M), Germany ($182M), and France ($127M).

In 2018, the countries that had a largest trade value in imports than in exports of Tanks and other armoured fighting vehicles were Australia ($238M), Canada ($235M), Japan ($195M), Thailand ($161M), and Indonesia ($95.8M).

Trade Forecasts

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This section shows forecasts for total trade for Tanks and other armoured fighting 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 Tanks and other armoured fighting vehicles was 5.95%.  The countries with the highest tariffs for importing Tanks and other armoured fighting vehicles were Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Ecuador (27.6%), and Romania (25.7%).

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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.