HS Icon Air Pumps

8414 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $75.3B, Rnk 36 / 1217

2019
Top Exporter | Top Importer
: $16.9B | $12B, China | United States

2019
Product Complexity
: 1.52, Rnk 47 / 961

2018 - 2019
Export Growth (CAGR)
: -2.09%, Rnk 553 / 1217

2018
Mean Tariff
: 6.56%, Rnk 648 / 1259

 2019
Share of World Trade
: 0.42%, Rnk 36 / 1217

Overview:  This page contains the latest trade data of Air Pumps. In 2019, Air Pumps were the world's 36th most traded product, with a total trade of $75.3B. Between 2018 and 2019 the exports of Air Pumps decreased by -2.09%, from  $77B to $75.3B. Trade in Air Pumps represent 0.42% of total world trade.

Exports: In 2019 the top exporters of Air Pumps  were China ($16.9B), Germany ($9.85B), United States ($6.54B), Japan ($5.12B), and Italy ($3.86B).

Imports: In 2019 the top importers of Air Pumps were United States ($12B), Germany ($5.42B), China ($4.68B), Mexico ($3.03B), and France ($2.62B).

Tariffs: In 2018 the average tariff for Air Pumps was 6.56%, making it the 648th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Air Pumps are Bahamas (31.2%), Bermuda (23.8%), Syria (23.4%), Maldives (21.3%), and Sudan (20.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Air Pumps ranks 47th in the Product Complexity Index (PCI).

Description: Air or vacuum pumps are used to move air, and can be used in the production of other goods. They can be made from a variety of materials, including cast iron, steel, aluminum, copper, and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $16.9B

Top Destination (2019): United States, $12B

Air Pumps are the world's 36th most traded product.

In 2019, the top exporters of Air Pumps were China ($16.9B), Germany ($9.85B), United States ($6.54B), Japan ($5.12B), and Italy ($3.86B).

In 2019, the top importers of Air Pumps were United States ($12B), Germany ($5.42B), China ($4.68B), Mexico ($3.03B), and France ($2.62B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $580M

Top Destination Growth (2018 - 2019): United States, $228M

Between 2018 and 2019, the exports of Air Pumps grew the fastest in China ($580M), South Korea ($139M), Canada ($121M), Poland ($118M), and Slovakia ($96.4M).

Between 2018 and 2019, the fastest growing importers of Air Pumps were United States ($228M), Canada ($134M), India ($132M), Vietnam ($129M), and Indonesia ($109M).

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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 Air Pumps.

In 2019,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Air Pumps are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $12.2B

TOP NET IMPORTER (2019): United States, $5.43B

This map shows which countries export or import more of Air Pumps. Each country is colored based on the difference in exports and imports of Air Pumps during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Air Pumps were China ($12.2B), Germany ($4.44B), Japan ($2.6B), Italy ($1.81B), and Belgium ($1.08B).

In 2019, the countries that had a largest trade value in imports than in exports of Air Pumps were United States ($5.43B), Russia ($1.26B), Canada ($1.2B), India ($1.07B), and Spain ($907M).

Disaggregation

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Value

In 2019, the world most traded Air Pumps, disaggragated by their HS6 level were Air or gas compressors, hoods ($20.7B), Parts of vacuum pumps, compressors,fans,blowers,hoods ($15.6B), Compressors for refrigerating equipment ($13.8B), Electric fans, motor > 125 watts ($12.1B), and Table, window, ceiling fans, electric motor... ($5.22B)

Import Tariffs

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In 2018, the average tariff for importing Air Pumps was 6.56%.  The countries with the highest tariffs for importing Air Pumps were Bahamas (31.2%), Bermuda (23.8%), Syria (23.4%), Maldives (21.3%), and Sudan (20.2%).

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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.