HS Icon Continuous action goods conveyor or elevator belt typ

842833 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Continuous action goods conveyor or elevator belt typ. In 2019, Continuous action goods conveyor or elevator belt typ were the world's 828th most traded product, with a total trade of $3.72B. Between 2018 and 2019 the exports of Continuous action goods conveyor or elevator belt typ decreased by -0.37%, from $3.74B to $3.72B. Trade in Continuous action goods conveyor or elevator belt typ represent 0.021% of total world trade.

Exports: In 2019 the top exporters of Continuous action goods conveyor or elevator belt typ  were China ($708M), Germany ($623M), Italy ($261M), United States ($244M), and Austria ($198M).

Imports: In 2019 the top importers of Continuous action goods conveyor or elevator belt typ were United States ($558M), Germany ($181M), Indonesia ($181M), Vietnam ($155M), and Canada ($145M).

Tariffs: In 2018 the average tariff for Continuous action goods conveyor or elevator belt typ was 4.75%, making it the 4334th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Continuous action goods conveyor or elevator belt typ are Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Finland (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Continuous action goods conveyor or elevator belt typ ranks 1227th in the Product Complexity Index (PCI).

Description: Continuous action goods conveyors are used to move goods. The belt is usually a flat belt that runs on two or more rollers and can be used to move goods horizontally. Elevators belts are used to carry goods vertically.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $708M

Top Destination (2019): United States, $558M

Continuous action goods conveyor or elevator belt typ are the world's 828th most traded product.

In 2019, the top exporters of Continuous action goods conveyor or elevator belt typ were China ($708M), Germany ($623M), Italy ($261M), United States ($244M), and Austria ($198M).

In 2019, the top importers of Continuous action goods conveyor or elevator belt typ were United States ($558M), Germany ($181M), Indonesia ($181M), Vietnam ($155M), and Canada ($145M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $101M

Top Destination Growth (2018 - 2019): Indonesia, $64.9M

Between 2018 and 2019, the exports of Continuous action goods conveyor or elevator belt typ grew the fastest in China ($101M), Japan ($14.2M), United States ($13.2M), United Arab Emirates ($13.1M), and Vietnam ($12.4M).

Between 2018 and 2019, the fastest growing importers of Continuous action goods conveyor or elevator belt typ were Indonesia ($64.9M), South Korea ($52.2M), Canada ($30.5M), United Kingdom ($26.7M), and Switzerland ($19.4M).

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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 Continuous action goods conveyor or elevator belt typ.

In 2019,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Continuous action goods conveyor or elevator belt typ are explained by 20 countries.

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TOP NET EXPORTER (2019): China, $576M

TOP NET IMPORTER (2019): United States, $314M

This map shows which countries export or import more of Continuous action goods conveyor or elevator belt typ. Each country is colored based on the difference in exports and imports of Continuous action goods conveyor or elevator belt typ during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Continuous action goods conveyor or elevator belt typ were China ($576M), Germany ($442M), Italy ($215M), Austria ($147M), and Denmark ($115M).

In 2019, the countries that had a largest trade value in imports than in exports of Continuous action goods conveyor or elevator belt typ were United States ($314M), Indonesia ($180M), Vietnam ($140M), Russia ($110M), and France ($65.4M).

Import Tariffs

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In 2018, the average tariff for importing Continuous action goods conveyor or elevator belt typ was 4.75%. The countries with the highest tariffs for importing Continuous action goods conveyor or elevator belt typ were Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Finland (15%), and Cambodia (15%).

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.