HS Icon Hydraulic Brake Fluid

3819 (Harmonized System 1992 for 4-digit)

World Trade (2018): $918M, Rnk 932 / 1225

Top Exporter (2018): $239M, Germany

Top Importer (2018): $62.8M, Germany

Product Complexity (2018): 0.68, Rnk 288 / 1018

Export Growth (CAGR)(2017 - 2018): 10%, Rnk 772 / 1225

Mean Tariff (2018): 7.58%, Rnk 577 / 1259

Share of World Trade (2018): 0.005%, Rnk 932 / 1225

Overview:  This page contains the latest trade data of Hydraulic Brake Fluid. In 2018, Hydraulic Brake Fluid were the world's 932nd most traded product, with a total trade of $918M. Between 2017 and 2018 the exports of Hydraulic Brake Fluid grew by 10%, from  $835M to $918M. Trade in Hydraulic Brake Fluid represent 0.005% of total world trade.

Exports: In 2018 the top exporters of Hydraulic Brake Fluid  were Germany ($239M), United States ($175M), United Kingdom ($92.9M), Belgium-Luxembourg ($59.1M), and Switzerland ($42M).

Imports: In 2018 the top importers of Hydraulic Brake Fluid were Germany ($62.8M), China ($61.8M), France ($59.1M), Canada ($35.5M), and Belgium-Luxembourg ($33.5M).

Tariffs: In 2018 the average tariff for Hydraulic Brake Fluid was 7.58%, been the 577 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydraulic Brake Fluid are Bahamas (37.3%), Cambodia (35%), Sri Lanka (29.3%), Algeria (27.9%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Hydraulic Brake Fluid ranks 288th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $239M

Top Destination (2018): Germany, $62.8M

Hydraulic Brake Fluid are the world's 932nd most traded product.

In 2018, the top exporters of Hydraulic Brake Fluid were Germany ($239M), United States ($175M), United Kingdom ($92.9M), Belgium-Luxembourg ($59.1M), and Switzerland ($42M).

In 2018, the top importers of Hydraulic Brake Fluid were Germany ($62.8M), China ($61.8M), France ($59.1M), Canada ($35.5M), and Belgium-Luxembourg ($33.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $30.5M

Top Destination Growth (2017 - 2018): Germany, $9.94M

Between 2017 and 2018, the exports of Hydraulic Brake Fluid grew the fastest in Germany ($30.5M), Belgium-Luxembourg ($18.4M), France ($6.56M), Thailand ($6.04M), and Switzerland ($4.8M).

Between 2017 and 2018, the fastest growing importers of Hydraulic Brake Fluid were Germany ($9.94M), Belgium-Luxembourg ($8.58M), Norway ($5.81M), Poland ($4.21M), and Brazil ($3.44M).

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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 Hydraulic Brake Fluid.

In 2018,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Hydraulic Brake Fluid are explained by 14 countries.

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TOP NET EXPORTER (2018): Germany, $176M

TOP NET IMPORTER (2018): China, $50.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hydraulic Brake Fluid were Germany ($176M), United States ($142M), United Kingdom ($59.8M), Switzerland ($35.8M), and Belgium-Luxembourg ($25.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Hydraulic Brake Fluid were China ($50.1M), Canada ($33.2M), Mexico ($22.4M), France ($17.7M), and Nigeria ($11M).

Trade Forecasts

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This section shows forecasts for total trade for Hydraulic Brake Fluid. 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 Hydraulic Brake Fluid was 7.58%.  The countries with the highest tariffs for importing Hydraulic Brake Fluid were Bahamas (37.3%), Cambodia (35%), Sri Lanka (29.3%), Algeria (27.9%), and Bermuda (25%).

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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.