HS Icon Automatic regulating/controlling equipment nes

903289 (Harmonized System 1992 for 6-digit)

World Trade (2018): $23.6B, Rnk 110 / 4726

Top Exporter (2018): $3.6B, Germany

Top Importer (2018): $4.31B, United States

Product Complexity (2018): 1.24, Rnk 441 / 4873

Export Growth (CAGR)(2017 - 2018): 2.35%, Rnk 3604 / 4726

Mean Tariff (2018): 6.64%, Rnk 3339 / 6538

Share of World Trade (2018): 0.13%, Rnk 110 / 4726

Overview:  This page contains the latest trade data of Automatic regulating/controlling equipment nes. In 2018, Automatic regulating/controlling equipment nes were the world's 110th most traded product, with a total trade of $23.6B. Between 2017 and 2018 the exports of Automatic regulating/controlling equipment nes grew by 2.35%, from  $23B to $23.6B. Trade in Automatic regulating/controlling equipment nes represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Automatic regulating/controlling equipment nes  were Germany ($3.6B), Japan ($2.95B), United States ($2.59B), China ($2.57B), and Mexico ($1.55B).

Imports: In 2018 the top importers of Automatic regulating/controlling equipment nes were United States ($4.31B), Germany ($2.17B), China ($2.06B), Japan ($995M), and France ($951M).

Tariffs: In 2018 the average tariff for Automatic regulating/controlling equipment nes was 6.64%, been the 3339 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Automatic regulating/controlling equipment nes are Bahamas (40.2%), Iran (40%), Bermuda (25%), Pakistan (24.2%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Automatic regulating/controlling equipment nes ranks 441st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.6B

Top Destination (2018): United States, $4.31B

Automatic regulating/controlling equipment nes are the world's 110th most traded product.

In 2018, the top exporters of Automatic regulating/controlling equipment nes were Germany ($3.6B), Japan ($2.95B), United States ($2.59B), China ($2.57B), and Mexico ($1.55B).

In 2018, the top importers of Automatic regulating/controlling equipment nes were United States ($4.31B), Germany ($2.17B), China ($2.06B), Japan ($995M), and France ($951M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $756M

Top Destination Growth (2017 - 2018): United States, $816M

Between 2017 and 2018, the exports of Automatic regulating/controlling equipment nes grew the fastest in Germany ($756M), Mexico ($263M), Japan ($248M), Thailand ($193M), and Romania ($107M).

Between 2017 and 2018, the fastest growing importers of Automatic regulating/controlling equipment nes were United States ($816M), Hong Kong ($246M), Italy ($177M), Singapore ($154M), and Netherlands ($116M).

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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 Automatic regulating/controlling equipment nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Automatic regulating/controlling equipment nes are explained by 20 countries.

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TOP NET EXPORTER (2018): Japan, $1.96B

TOP NET IMPORTER (2018): United States, $1.72B

This map shows which countries export or import more of Automatic regulating/controlling equipment nes. Each country is colored based on the difference in exports and imports of Automatic regulating/controlling equipment nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Automatic regulating/controlling equipment nes were Japan ($1.96B), Germany ($1.43B), Hungary ($1.05B), Mexico ($725M), and China ($508M).

In 2018, the countries that had a largest trade value in imports than in exports of Automatic regulating/controlling equipment nes were United States ($1.72B), Hong Kong ($502M), Thailand ($346M), India ($295M), and Turkey ($281M).

Trade Forecasts

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This section shows forecasts for total trade for Automatic regulating/controlling equipment nes. 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 Automatic regulating/controlling equipment nes was 6.64%.  The countries with the highest tariffs for importing Automatic regulating/controlling equipment nes were Bahamas (40.2%), Iran (40%), Bermuda (25%), Pakistan (24.2%), 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.