HS Icon Trailers for agricultural purposes

871620 (Harmonized System 1992 for 6-digit)

World Trade (2018): $758M, Rnk 2364 / 4726

Top Exporter (2018): $144M, Germany

Top Importer (2018): $118M, Germany

Product Complexity (2018): 0.14, Rnk 2356 / 4873

Export Growth (CAGR)(2017 - 2018): 26.8%, Rnk 950 / 4726

Mean Tariff (2018): 10.7%, Rnk 2055 / 6538

Share of World Trade (2018): 0.0041%, Rnk 2364 / 4726

Overview: In 2018, Trailers for agricultural purposes were the world's 2364th most traded product, with a total trade of $758M. Between 2017 and 2018 the exports of Trailers for agricultural purposes grew by 26.8%, from  $598M to $758M. Trade in Trailers for agricultural purposes represent 0.0041% of total world trade.

Exports: In 2018 the top exporters of Trailers for agricultural purposes  were Germany ($144M), Poland ($111M), Austria ($72.7M), United States ($56.8M), and Netherlands ($55.6M).

Imports: In 2018 the top importers of Trailers for agricultural purposes were Germany ($118M), France ($45.7M), Canada ($45.1M), Belgium-Luxembourg ($43.6M), and Netherlands ($37.8M).

Tariffs: In 2018 the average tariff for Trailers for agricultural purposes was 10.7%, been the 2055 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Trailers for agricultural purposes are Iran (40%), Maldives (34.2%), Nigeria (33.1%), Cuba (29.7%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Kyrgyzstan (0%).

Ranking: Trailers for agricultural purposes ranks 2356th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $144M

Top Destination (2018): Germany, $118M

Trailers for agricultural purposes are the world's 2364th most traded product.

In 2018, the top exporters of Trailers for agricultural purposes were Germany ($144M), Poland ($111M), Austria ($72.7M), United States ($56.8M), and Netherlands ($55.6M).

In 2018, the top importers of Trailers for agricultural purposes were Germany ($118M), France ($45.7M), Canada ($45.1M), Belgium-Luxembourg ($43.6M), and Netherlands ($37.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $43.8M

Top Destination Growth (2017 - 2018): Germany, $58.4M

Between 2017 and 2018, the exports of Trailers for agricultural purposes grew the fastest in Poland ($43.8M), Austria ($28.5M), Germany ($22.1M), Denmark ($16.7M), and Netherlands ($16.7M).

Between 2017 and 2018, the fastest growing importers of Trailers for agricultural purposes were Germany ($58.4M), Belgium-Luxembourg ($18.2M), France ($18.1M), Poland ($16.7M), and United States ($9.15M).

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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 for agricultural purposes.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Trailers for agricultural purposes are explained by 18 countries.

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TOP NET EXPORTER (2018): Poland, $75M

TOP NET IMPORTER (2018): Sweden, $23.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Trailers for agricultural purposes were Poland ($75M), Austria ($50.2M), Germany ($26.4M), United States ($19.7M), and Netherlands ($17.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Trailers for agricultural purposes were Sweden ($23.9M), Switzerland ($22.2M), Czechia ($21.2M), Canada ($20.8M), and Russia ($20.6M).

Trade Forecasts

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This section shows forecasts for total trade for Trailers for agricultural purposes. 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 for agricultural purposes was 10.7%.  The countries with the highest tariffs for importing Trailers for agricultural purposes were Iran (40%), Maldives (34.2%), Nigeria (33.1%), Cuba (29.7%), and Uzbekistan (28.7%).

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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.