HS Icon Instruments nes for aeronautical/space navigation

901420 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.53B, Rnk 700 / 4726

Top Exporter (2018): $1.51B, Germany

Top Importer (2018): $876M, United States

Product Complexity (2018): 1.1, Rnk 613 / 4873

Export Growth (CAGR)(2017 - 2018): -2.73%, Rnk 4035 / 4726

Mean Tariff (2018): 3.39%, Rnk 5476 / 6538

Share of World Trade (2018): 0.025%, Rnk 700 / 4726

Overview:  This page contains the latest trade data of Instruments nes for aeronautical/space navigation. In 2018, Instruments nes for aeronautical/space navigation were the world's 700th most traded product, with a total trade of $4.53B. Between 2017 and 2018 the exports of Instruments nes for aeronautical/space navigation decreased by -2.73%, from  $4.66B to $4.53B. Trade in Instruments nes for aeronautical/space navigation represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Instruments nes for aeronautical/space navigation  were Germany ($1.51B), United States ($853M), United Kingdom ($557M), France ($443M), and Canada ($211M).

Imports: In 2018 the top importers of Instruments nes for aeronautical/space navigation were United States ($876M), France ($295M), Germany ($254M), United Kingdom ($250M), and Canada ($248M).

Tariffs: In 2018 the average tariff for Instruments nes for aeronautical/space navigation was 3.39%, been the 5476 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Instruments nes for aeronautical/space navigation are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Jordan (23.4%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Instruments nes for aeronautical/space navigation ranks 613th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.51B

Top Destination (2018): United States, $876M

Instruments nes for aeronautical/space navigation are the world's 700th most traded product.

In 2018, the top exporters of Instruments nes for aeronautical/space navigation were Germany ($1.51B), United States ($853M), United Kingdom ($557M), France ($443M), and Canada ($211M).

In 2018, the top importers of Instruments nes for aeronautical/space navigation were United States ($876M), France ($295M), Germany ($254M), United Kingdom ($250M), and Canada ($248M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $655M

Top Destination Growth (2017 - 2018): United States, $278M

Between 2017 and 2018, the exports of Instruments nes for aeronautical/space navigation grew the fastest in Germany ($655M), Netherlands ($117M), Canada ($68.2M), Brazil ($50.3M), and Mexico ($20.6M).

Between 2017 and 2018, the fastest growing importers of Instruments nes for aeronautical/space navigation were United States ($278M), France ($82.8M), United Kingdom ($80.5M), Russia ($45.3M), and Austria ($31.9M).

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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 Instruments nes for aeronautical/space navigation.

In 2018,  market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Instruments nes for aeronautical/space navigation are explained by 9 countries.

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TOP NET EXPORTER (2018): Germany, $1.25B

TOP NET IMPORTER (2018): South Korea, $123M

This map shows which countries export or import more of Instruments nes for aeronautical/space navigation. Each country is colored based on the difference in exports and imports of Instruments nes for aeronautical/space navigation during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Instruments nes for aeronautical/space navigation were Germany ($1.25B), United Kingdom ($308M), France ($149M), Netherlands ($136M), and Brazil ($51.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Instruments nes for aeronautical/space navigation were South Korea ($123M), United Arab Emirates ($122M), Russia ($116M), Japan ($109M), and Italy ($90.7M).

Trade Forecasts

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This section shows forecasts for total trade for Instruments nes for aeronautical/space navigation. 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 Instruments nes for aeronautical/space navigation was 3.39%.  The countries with the highest tariffs for importing Instruments nes for aeronautical/space navigation were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Jordan (23.4%), and Maldives (19.6%).

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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.