HS Icon AC motors, multi-phase, of an output < 750 Watts

850151 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of AC motors, multi-phase, of an output < 750 Watts. In 2019, AC motors, multi-phase, of an output < 750 Watts were the world's 888th most traded product, with a total trade of $3.39B. Between 2018 and 2019 the exports of AC motors, multi-phase, of an output < 750 Watts decreased by -7.45%, from $3.67B to $3.39B. Trade in AC motors, multi-phase, of an output < 750 Watts represent 0.019% of total world trade.

Exports: In 2019 the top exporters of AC motors, multi-phase, of an output < 750 Watts  were Germany ($818M), China ($445M), Japan ($435M), France ($202M), and United States ($196M).

Imports: In 2019 the top importers of AC motors, multi-phase, of an output < 750 Watts were Germany ($479M), United States ($426M), China ($294M), Italy ($172M), and Mexico ($153M).

Tariffs: In 2018 the average tariff for AC motors, multi-phase, of an output < 750 Watts was 6.84%, making it the 3261st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for AC motors, multi-phase, of an output < 750 Watts are Bahamas (40.2%), Maldives (34.2%), Iran (30%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: AC motors, multi-phase, of an output < 750 Watts ranks 360th in the Product Complexity Index (PCI).

Description: An ac motor, multi-phase, of an output < 750 watts is typically used for smaller AC motors, such as those found in microwaves, vacuum cleaners, and clothes dryers.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Germany, $818M

Top Destination (2019): Germany, $479M

AC motors, multi-phase, of an output < 750 Watts are the world's 888th most traded product.

In 2019, the top exporters of AC motors, multi-phase, of an output < 750 Watts were Germany ($818M), China ($445M), Japan ($435M), France ($202M), and United States ($196M).

In 2019, the top importers of AC motors, multi-phase, of an output < 750 Watts were Germany ($479M), United States ($426M), China ($294M), Italy ($172M), and Mexico ($153M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $14.9M

Top Destination Growth (2018 - 2019): Mexico, $21.4M

Between 2018 and 2019, the exports of AC motors, multi-phase, of an output < 750 Watts grew the fastest in Mexico ($14.9M), Netherlands ($5.35M), Philippines ($4.91M), Romania ($2.2M), and Finland ($1.91M).

Between 2018 and 2019, the fastest growing importers of AC motors, multi-phase, of an output < 750 Watts were Mexico ($21.4M), Malaysia ($8.24M), Chinese Taipei ($6.69M), Slovakia ($5.58M), and Canada ($5.48M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of AC motors, multi-phase, of an output < 750 Watts.

In 2019,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of AC motors, multi-phase, of an output < 750 Watts are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Germany, $339M

TOP NET IMPORTER (2019): United States, $231M

This map shows which countries export or import more of AC motors, multi-phase, of an output < 750 Watts. Each country is colored based on the difference in exports and imports of AC motors, multi-phase, of an output < 750 Watts during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of AC motors, multi-phase, of an output < 750 Watts were Germany ($339M), Japan ($324M), China ($151M), France ($89.1M), and Poland ($51.7M).

In 2019, the countries that had a largest trade value in imports than in exports of AC motors, multi-phase, of an output < 750 Watts were United States ($231M), Netherlands ($66.6M), India ($64.3M), Mexico ($63.6M), and Russia ($46.5M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing AC motors, multi-phase, of an output < 750 Watts was 6.84%. The countries with the highest tariffs for importing AC motors, multi-phase, of an output < 750 Watts were Bahamas (40.2%), Maldives (34.2%), Iran (30%), Bermuda (25%), and Tunisia (20%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.