HS Icon Automatic regulating/controlling equipment nes

903289 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Automatic regulating/controlling equipment nes. In 2019, Automatic regulating/controlling equipment nes were the world's 115th most traded product, with a total trade of $23.1B. Between 2018 and 2019 the exports of Automatic regulating/controlling equipment nes decreased by -4.32%, from $24.1B to $23.1B. Trade in Automatic regulating/controlling equipment nes represent 0.13% of total world trade.

Exports: In 2019 the top exporters of Automatic regulating/controlling equipment nes  were Germany ($3.98B), United States ($2.99B), Japan ($2.76B), China ($2.22B), and Mexico ($1.44B).

Imports: In 2019 the top importers of Automatic regulating/controlling equipment nes were United States ($4.06B), Germany ($1.91B), China ($1.8B), France ($1B), and Japan ($979M).

Tariffs: In 2018 the average tariff for Automatic regulating/controlling equipment nes was 6.64%, making it the 3339th 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 540th in the Product Complexity Index (PCI).

Description: An automatic regulating device is a mechanical device or electronic sensor that automatically regulates the flow of gases or liquids. Automatic regulating devices can be used for heating and cooling, for example, in a home.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $3.98B

Top Destination (2019): United States, $4.06B

Automatic regulating/controlling equipment nes are the world's 115th most traded product.

In 2019, the top exporters of Automatic regulating/controlling equipment nes were Germany ($3.98B), United States ($2.99B), Japan ($2.76B), China ($2.22B), and Mexico ($1.44B).

In 2019, the top importers of Automatic regulating/controlling equipment nes were United States ($4.06B), Germany ($1.91B), China ($1.8B), France ($1B), and Japan ($979M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $382M

Top Destination Growth (2018 - 2019): Netherlands, $73.5M

Between 2018 and 2019, the exports of Automatic regulating/controlling equipment nes grew the fastest in Germany ($382M), United Kingdom ($145M), Spain ($60.5M), Israel ($16.4M), and Morocco ($14.1M).

Between 2018 and 2019, the fastest growing importers of Automatic regulating/controlling equipment nes were Netherlands ($73.5M), France ($56.4M), Mozambique ($56M), Hungary ($46.1M), and Mexico ($31.6M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Automatic regulating/controlling equipment nes are explained by 19 countries.

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TOP NET EXPORTER (2019): Germany, $2.07B

TOP NET IMPORTER (2019): United States, $1.07B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Automatic regulating/controlling equipment nes were Germany ($2.07B), Japan ($1.78B), Hungary ($715M), Mexico ($587M), and China ($427M).

In 2019, the countries that had a largest trade value in imports than in exports of Automatic regulating/controlling equipment nes were United States ($1.07B), Thailand ($323M), Russia ($320M), Brazil ($318M), and Hong Kong ($303M).

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%).

Product Complexity

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Diversification Frontier

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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.