HS Icon Parts of seats

940190 (Harmonized System 1992 for 6-digit)

World Trade (2018): $31.7B, Rnk 76 / 4726

Top Exporter (2018): $6.15B, Mexico

Top Importer (2018): $9.22B, United States

Product Complexity (2018): -0.32, Rnk 3125 / 4873

Export Growth (CAGR)(2017 - 2018): -1.14%, Rnk 3926 / 4726

Mean Tariff (2018): 9.8%, Rnk 2322 / 6538

Share of World Trade (2018): 0.17%, Rnk 76 / 4726

Overview:  This page contains the latest trade data of Parts of seats. In 2018, Parts of seats were the world's 76th most traded product, with a total trade of $31.7B. Between 2017 and 2018 the exports of Parts of seats decreased by -1.14%, from  $32B to $31.7B. Trade in Parts of seats represent 0.17% of total world trade.

Exports: In 2018 the top exporters of Parts of seats  were Mexico ($6.15B), China ($4B), Czechia ($2.54B), Poland ($2.43B), and Germany ($2.25B).

Imports: In 2018 the top importers of Parts of seats were United States ($9.22B), Germany ($4.2B), Czechia ($1.73B), Mexico ($1.42B), and France ($1.24B).

Tariffs: In 2018 the average tariff for Parts of seats was 9.8%, been the 2322 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of seats are Cape Verde (50%), Bahamas (40.2%), Bolivia (38.5%), Cambodia (35%), and Sudan (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Taiwan (0%), Switzerland (0%), and Norway (0%).

Ranking: Parts of seats ranks 3125th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Mexico, $6.15B

Top Destination (2018): United States, $9.22B

Parts of seats are the world's 76th most traded product.

In 2018, the top exporters of Parts of seats were Mexico ($6.15B), China ($4B), Czechia ($2.54B), Poland ($2.43B), and Germany ($2.25B).

In 2018, the top importers of Parts of seats were United States ($9.22B), Germany ($4.2B), Czechia ($1.73B), Mexico ($1.42B), and France ($1.24B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $185M

Top Destination Growth (2017 - 2018): Sweden, $242M

Between 2017 and 2018, the exports of Parts of seats grew the fastest in South Korea ($185M), Slovakia ($169M), Romania ($161M), Czechia ($134M), and United States ($104M).

Between 2017 and 2018, the fastest growing importers of Parts of seats were Sweden ($242M), Slovakia ($186M), Poland ($160M), Austria ($116M), and Romania ($105M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of seats.

In 2018,  market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Parts of seats are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Mexico, $4.73B

TOP NET IMPORTER (2018): United States, $7.62B

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

In 2018, the countries that had a largest trade value in exports than in imports of Parts of seats were Mexico ($4.73B), China ($3.08B), Poland ($1.22B), Romania ($907M), and Czechia ($809M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of seats were United States ($7.62B), Germany ($1.95B), Spain ($805M), United Kingdom ($713M), and France ($542M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Parts of seats. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Parts of seats was 9.8%.  The countries with the highest tariffs for importing Parts of seats were Cape Verde (50%), Bahamas (40.2%), Bolivia (38.5%), Cambodia (35%), and Sudan (35%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.