HS Icon Trailers

8716 (Harmonized System 1992 for 4-digit)

World Trade (2018): $29.8B, Rnk 127 / 1225

Top Exporter (2018): $7.09B, Germany

Top Importer (2018): $4.35B, United States

Product Complexity (2018): 0.87, Rnk 214 / 1018

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 451 / 1225

Mean Tariff (2018): 10.8%, Rnk 382 / 1259

Share of World Trade (2018): 0.16%, Rnk 127 / 1225

Overview: In 2018, Trailers were the world's 127th most traded product, with a total trade of $29.8B. Between 2017 and 2018 the exports of Trailers grew by 16.6%, from  $25.5B to $29.8B. Trade in Trailers represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Trailers  were Germany ($7.09B), China ($4.52B), United States ($4.04B), Mexico ($1.91B), and Poland ($1.19B).

Imports: In 2018 the top importers of Trailers were United States ($4.35B), Germany ($2.91B), Canada ($2.87B), France ($1.48B), and Netherlands ($1.37B).

Tariffs: In 2018 the average tariff for Trailers was 10.8%, been the 382 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Trailers are Maldives (32.4%), Iran (28.7%), Romania (25.7%), Bermuda (25%), and Brazil (24.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Trailers ranks 214th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $7.09B

Top Destination (2018): United States, $4.35B

Trailers are the world's 127th most traded product.

In 2018, the top exporters of Trailers were Germany ($7.09B), China ($4.52B), United States ($4.04B), Mexico ($1.91B), and Poland ($1.19B).

In 2018, the top importers of Trailers were United States ($4.35B), Germany ($2.91B), Canada ($2.87B), France ($1.48B), and Netherlands ($1.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $924M

Top Destination Growth (2017 - 2018): United States, $778M

Between 2017 and 2018, the exports of Trailers grew the fastest in Germany ($924M), United States ($556M), China ($456M), Mexico ($381M), and Poland ($266M).

Between 2017 and 2018, the fastest growing importers of Trailers were United States ($778M), Canada ($444M), Poland ($368M), Germany ($350M), and France ($271M).

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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 Trailers.

In 2018,  market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Trailers are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $4.38B

TOP NET IMPORTER (2018): Canada, $2.3B

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

In 2018, the countries that had a largest trade value in exports than in imports of Trailers were China ($4.38B), Germany ($4.18B), Mexico ($1.07B), Turkey ($474M), and Hungary ($358M).

In 2018, the countries that had a largest trade value in imports than in exports of Trailers were Canada ($2.3B), France ($788M), Russia ($750M), Australia ($499M), and Japan ($451M).

Trade Forecasts

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This section shows forecasts for total trade for Trailers. 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 Trailers was 10.8%.  The countries with the highest tariffs for importing Trailers were Maldives (32.4%), Iran (28.7%), Romania (25.7%), Bermuda (25%), and Brazil (24.8%).

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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.