Centrifuges8421 (Harmonized System 1992 for 4-digit)
World Trade (2018): $68.8B, Rnk 38 / 1225
Top Exporter (2018): $13.4B, Germany
Top Importer (2018): $8.86B, United States
Product Complexity (2018): 0.8, Rnk 238 / 1018
Export Growth (CAGR)(2017 - 2018): 12.6%, Rnk 639 / 1225
Mean Tariff (2018): 5.11%, Rnk 807 / 1259
Share of World Trade (2018): 0.37%, Rnk 38 / 1225
Overview: This page contains the latest trade data of Centrifuges. In 2018, Centrifuges were the world's 38th most traded product, with a total trade of $68.8B. Between 2017 and 2018 the exports of Centrifuges grew by 12.6%, from $61.1B to $68.8B. Trade in Centrifuges represent 0.37% of total world trade.
Exports: In 2018 the top exporters of Centrifuges were Germany ($13.4B), United States ($9.75B), China ($7.24B), United Kingdom ($3.05B), and Japan ($2.87B).
Imports: In 2018 the top importers of Centrifuges were United States ($8.86B), Germany ($6.16B), China ($4.63B), France ($2.73B), and Mexico ($2.5B).
Tariffs: In 2018 the average tariff for Centrifuges was 5.11%, been the 807 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Centrifuges are Bahamas (37.2%), Maldives (21.8%), Bermuda (18.8%), Pakistan (18.2%), and Zambia (14.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking: Centrifuges ranks 238th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $13.4B
Top Destination (2018): United States, $8.86B
Centrifuges are the world's 38th most traded product.
In 2018, the top exporters of Centrifuges were Germany ($13.4B), United States ($9.75B), China ($7.24B), United Kingdom ($3.05B), and Japan ($2.87B).
In 2018, the top importers of Centrifuges were United States ($8.86B), Germany ($6.16B), China ($4.63B), France ($2.73B), and Mexico ($2.5B).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $2.08B
Top Destination Growth (2017 - 2018): United States, $744M
Between 2017 and 2018, the exports of Centrifuges grew the fastest in Germany ($2.08B), United States ($1.38B), Belgium-Luxembourg ($634M), China ($556M), and Poland ($485M).
Between 2017 and 2018, the fastest growing importers of Centrifuges were United States ($744M), Germany ($576M), China ($572M), Netherlands ($506M), and Japan ($416M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Centrifuges.
In 2018, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Centrifuges are explained by 21 countries.
This map shows which countries export or import more of Centrifuges. Each country is colored based on the difference in exports and imports of Centrifuges during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Centrifuges were Germany ($7.23B), China ($2.61B), South Africa ($1.15B), Italy ($1.04B), and Japan ($986M).
In 2018, the countries that had a largest trade value in imports than in exports of Centrifuges were Russia ($1.32B), Canada ($1B), Australia ($804M), Spain ($797M), and Turkey ($672M).
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.
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