HS Icon Built-in jacking systems for garages

842541 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $446M, Rnk 2882 / 4648

2019
Top Exporter | Top Importer
: $119M | $45.9M, Italy | France

2019
Product Complexity
: 1.26, Rnk 430 / 4826

2018 - 2019
Export Growth (CAGR)
: -15.3%, Rnk 3950 / 4648

2018
Mean Tariff
: 6.13%, Rnk 3526 / 6538

 2019
Share of World Trade
: 0.0025%, Rnk 2882 / 4648

Overview:  This page contains the latest trade data of Built-in jacking systems for garages. In 2019, Built-in jacking systems for garages were the world's 2882nd most traded product, with a total trade of $446M. Between 2018 and 2019 the exports of Built-in jacking systems for garages decreased by -15.3%, from  $526M to $446M. Trade in Built-in jacking systems for garages represent 0.0025% of total world trade.

Exports: In 2019 the top exporters of Built-in jacking systems for garages  were Italy ($119M), China ($118M), Germany ($91M), United States ($17.7M), and Denmark ($17M).

Imports: In 2019 the top importers of Built-in jacking systems for garages were France ($45.9M), Germany ($41.2M), United Kingdom ($30M), Russia ($23.2M), and United States ($19.6M).

Tariffs: In 2018 the average tariff for Built-in jacking systems for garages was 6.13%, making it the 3526th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Built-in jacking systems for garages are Bahamas (40.2%), Bermuda (25%), Iran (20%), Maldives (19.6%), and Finland (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Built-in jacking systems for garages ranks 430th in the Product Complexity Index (PCI).

Description: The common uses of built-in jacking systems for garages are to raise, lower, and move cars and vehicles. The jacking systems are typically made out of steel or other durable material and can be raised and lowered by hand.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Italy, $119M

Top Destination (2019): France, $45.9M

Built-in jacking systems for garages are the world's 2882nd most traded product.

In 2019, the top exporters of Built-in jacking systems for garages were Italy ($119M), China ($118M), Germany ($91M), United States ($17.7M), and Denmark ($17M).

In 2019, the top importers of Built-in jacking systems for garages were France ($45.9M), Germany ($41.2M), United Kingdom ($30M), Russia ($23.2M), and United States ($19.6M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $2.12M

Top Destination Growth (2018 - 2019): United States, $4.29M

Between 2018 and 2019, the exports of Built-in jacking systems for garages grew the fastest in Thailand ($2.12M), Austria ($1.76M), Brazil ($1.66M), Singapore ($1.08M), and Belarus ($894k).

Between 2018 and 2019, the fastest growing importers of Built-in jacking systems for garages were United States ($4.29M), Vietnam ($1.64M), Myanmar ($1.4M), Russia ($1.16M), and Italy ($1.07M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Built-in jacking systems for garages.

In 2019,  market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Built-in jacking systems for garages are explained by 8 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $114M

TOP NET IMPORTER (2019): France, $43.2M

This map shows which countries export or import more of Built-in jacking systems for garages. Each country is colored based on the difference in exports and imports of Built-in jacking systems for garages during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Built-in jacking systems for garages were China ($114M), Italy ($112M), Germany ($49.8M), Denmark ($11.9M), and Hungary ($3.43M).

In 2019, the countries that had a largest trade value in imports than in exports of Built-in jacking systems for garages were France ($43.2M), United Kingdom ($29M), Russia ($21.6M), Switzerland ($16.4M), and Sweden ($12.8M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Built-in jacking systems for garages was 6.13%.  The countries with the highest tariffs for importing Built-in jacking systems for garages were Bahamas (40.2%), Bermuda (25%), Iran (20%), Maldives (19.6%), and Finland (15%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.