HS Icon Boat Propellers

8485 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Boat Propellers. In 2019, Boat Propellers were the world's 304th most traded product, with a total trade of $10.8B. Between 2018 and 2019 the exports of Boat Propellers grew by 1.04%, from $10.7B to $10.8B. Trade in Boat Propellers represent 0.06% of total world trade.

Exports In 2019 the top exporters of Boat Propellers  were Germany ($2.25B), China ($1.52B), United States ($1.09B), Japan ($737M), and France ($502M).

Imports In 2019 the top importers of Boat Propellers were United States ($1.14B), Germany ($927M), China ($793M), France ($379M), and United Kingdom ($326M).

Tariffs In 2018 the average tariff for Boat Propellers was 6.09%, making it the 696th lowest tariff using the HS4 product classification.

Ranking Boat Propellers ranks 96th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.25B

Top Destination (2019): United States, $1.14B

Boat Propellers are the world's 304th most traded product.

In 2019, the top exporters of Boat Propellers were Germany ($2.25B), China ($1.52B), United States ($1.09B), Japan ($737M), and France ($502M).

In 2019, the top importers of Boat Propellers were United States ($1.14B), Germany ($927M), China ($793M), France ($379M), and United Kingdom ($326M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $369M

Top Destination Growth (2018 - 2019): Norway, $110M

Between 2018 and 2019, the exports of Boat Propellers grew the fastest in China ($369M), Angola ($81.2M), Guyana ($33.6M), Norway ($31.5M), and Netherlands ($23.6M).

Between 2018 and 2019, the fastest growing importers of Boat Propellers were Norway ($110M), Marshall Islands ($106M), Liberia ($101M), Trinidad and Tobago ($37.4M), and Turkey ($37.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Boat Propellers.

In 2019,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Boat Propellers are explained by 20 countries.

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TOP NET EXPORTER (2019): Germany, $1.32B

TOP NET IMPORTER (2019): Panama, $261M

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

In 2019, the countries that had a largest trade value in exports than in imports of Boat Propellers were Germany ($1.32B), China ($730M), Japan ($439M), Chinese Taipei ($303M), and France ($123M).

In 2019, the countries that had a largest trade value in imports than in exports of Boat Propellers were Panama ($261M), Liberia ($167M), Marshall Islands ($161M), Hong Kong ($157M), and Russia ($144M).

Disaggregation

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Value

In 2019, the world most traded Boat Propellers, disaggragated by their HS6 level were Machinery parts, non-electrical, nes ($10.1B) and Ships' or boats' propellers and blades... ($774M)

Import Tariffs

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In 2018, the average tariff for importing Boat Propellers was 6.09%. The countries with the highest tariffs for importing Boat Propellers were Cayman Islands (22%), Slovenia (8.81%), Romania (8.58%), Hungary (8%), and Poland (6.04%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Boat Propellers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.