HS Icon Centrifuges

8421 (Harmonized System 1992 for 4-digit)

World Trade (2019): $74.4B, Rnk 37 / 1217

Top Exporter (2019): $13.7B, Germany

Top Importer (2019): $9.4B, United States

Product Complexity (2019): 0.84, Rnk 209 / 961

Export Growth (CAGR)(2018 - 2019): 7.16%, Rnk 117 / 1217

Mean Tariff (2018): 5.11%, Rnk 807 / 1259

Share of World Trade (2019): 0.41%, Rnk 37 / 1217

Overview:  This page contains the latest trade data of Centrifuges. In 2019, Centrifuges were the world's 37th most traded product, with a total trade of $74.4B. Between 2018 and 2019 the exports of Centrifuges grew by 7.16%, from  $69.4B to $74.4B. Trade in Centrifuges represent 0.41% of total world trade.

Exports: In 2019 the top exporters of Centrifuges  were Germany ($13.7B), United States ($10.3B), China ($8.7B), Mexico ($3.1B), and United Kingdom ($3.08B).

Imports: In 2019 the top importers of Centrifuges were United States ($9.4B), Germany ($6.49B), China ($5.17B), France ($2.91B), and Mexico ($2.72B).

Tariffs: In 2018 the average tariff for Centrifuges was 5.11%, making it the 807th 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 209th in the Product Complexity Index (PCI).

Description: Centrifuges are used to separate liquids or gases. They can be made from a variety of materials, including stainless steel and aluminum.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $13.7B

Top Destination (2019): United States, $9.4B

Centrifuges are the world's 37th most traded product.

In 2019, the top exporters of Centrifuges were Germany ($13.7B), United States ($10.3B), China ($8.7B), Mexico ($3.1B), and United Kingdom ($3.08B).

In 2019, the top importers of Centrifuges were United States ($9.4B), Germany ($6.49B), China ($5.17B), France ($2.91B), and Mexico ($2.72B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $1.46B

Top Destination Growth (2018 - 2019): China, $547M

Between 2018 and 2019, the exports of Centrifuges grew the fastest in China ($1.46B), South Korea ($414M), Austria ($360M), Germany ($347M), and Mexico ($277M).

Between 2018 and 2019, the fastest growing importers of Centrifuges were China ($547M), United States ($538M), Australia ($502M), Germany ($333M), and Panama ($261M).

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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 Centrifuges.

In 2019,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Centrifuges are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $7.25B

TOP NET IMPORTER (2019): Russia, $1.4B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Centrifuges were Germany ($7.25B), China ($3.53B), South Africa ($1.26B), Italy ($964M), and United States ($936M).

In 2019, the countries that had a largest trade value in imports than in exports of Centrifuges were Russia ($1.4B), Australia ($1.29B), Canada ($1.14B), Spain ($846M), and Singapore ($678M).

Disaggregation

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Value

In 2019, the world most traded Centrifuges, disaggragated by their HS6 level were Filtering or purifying machinery for gases... ($25.9B), Parts for filter/purifying machines for liquid/gas ($15.5B), Filtering/purifying machinery for liquids nes ($9.6B), Water filtering or purifying machinery or... ($9.49B), and Oil/petrol filters for internal combustion engines ($6.94B)

Import Tariffs

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In 2018, the average tariff for importing Centrifuges was 5.11%.  The countries with the highest tariffs for importing Centrifuges were Bahamas (37.2%), Maldives (21.8%), Bermuda (18.8%), Pakistan (18.2%), and Zambia (14.4%).

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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.