HS Icon Diesel powered trucks weighing < 5 tonnes

870421 (Harmonized System 1992 for 6-digit)

World Trade (2019): $56.4B, Rnk 39 / 4648

Top Exporter (2019): $7.51B, Thailand

Top Importer (2019): $5.08B, United Kingdom

Product Complexity (2019): 0.051, Rnk 2514 / 4826

Export Growth (CAGR)(2018 - 2019): -8.46%, Rnk 3223 / 4648

Mean Tariff (2018): 17.1%, Rnk 820 / 6538

Share of World Trade (2019): 0.31%, Rnk 39 / 4648

Overview:  This page contains the latest trade data of Diesel powered trucks weighing < 5 tonnes. In 2019, Diesel powered trucks weighing < 5 tonnes were the world's 39th most traded product, with a total trade of $56.4B. Between 2018 and 2019 the exports of Diesel powered trucks weighing < 5 tonnes decreased by -8.46%, from  $61.6B to $56.4B. Trade in Diesel powered trucks weighing < 5 tonnes represent 0.31% of total world trade.

Exports: In 2019 the top exporters of Diesel powered trucks weighing < 5 tonnes  were Thailand ($7.51B), France ($5.92B), Germany ($5.89B), Spain ($4.66B), and Turkey ($4.16B).

Imports: In 2019 the top importers of Diesel powered trucks weighing < 5 tonnes were United Kingdom ($5.08B), France ($4.87B), Germany ($4.55B), Australia ($3.88B), and Belgium ($2.96B).

Tariffs: In 2018 the average tariff for Diesel powered trucks weighing < 5 tonnes was 17.1%, making it the 820th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diesel powered trucks weighing < 5 tonnes are Iran (90%), Pakistan (60%), Thailand (38.2%), Indonesia (38.1%), and Maldives (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Diesel powered trucks weighing < 5 tonnes ranks 2514th in the Product Complexity Index (PCI).

Description: Diesel powered trucks weighing less than 5 tonnes are commonly used in construction, as they are able to handle heavier loads. They are also commonly used for transportation of goods because they are more fuel efficient and produce less pollution.

Exporters and Importers

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Trade By Country

Top Origin (2019): Thailand, $7.51B

Top Destination (2019): United Kingdom, $5.08B

Diesel powered trucks weighing < 5 tonnes are the world's 39th most traded product.

In 2019, the top exporters of Diesel powered trucks weighing < 5 tonnes were Thailand ($7.51B), France ($5.92B), Germany ($5.89B), Spain ($4.66B), and Turkey ($4.16B).

In 2019, the top importers of Diesel powered trucks weighing < 5 tonnes were United Kingdom ($5.08B), France ($4.87B), Germany ($4.55B), Australia ($3.88B), and Belgium ($2.96B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $168M

Top Destination Growth (2018 - 2019): Saudi Arabia, $256M

Between 2018 and 2019, the exports of Diesel powered trucks weighing < 5 tonnes grew the fastest in Netherlands ($168M), South Africa ($139M), Poland ($79.5M), Portugal ($58.9M), and Hungary ($42.2M).

Between 2018 and 2019, the fastest growing importers of Diesel powered trucks weighing < 5 tonnes were Saudi Arabia ($256M), Brazil ($148M), Philippines ($127M), Cambodia ($117M), and South Korea ($77.7M).

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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 Diesel powered trucks weighing < 5 tonnes.

In 2019,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Diesel powered trucks weighing < 5 tonnes are explained by 17 countries.

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TOP NET EXPORTER (2019): Thailand, $7.42B

TOP NET IMPORTER (2019): United Kingdom, $4.6B

This map shows which countries export or import more of Diesel powered trucks weighing < 5 tonnes. Each country is colored based on the difference in exports and imports of Diesel powered trucks weighing < 5 tonnes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Diesel powered trucks weighing < 5 tonnes were Thailand ($7.42B), Turkey ($3.78B), Argentina ($3.56B), Spain ($3.11B), and South Africa ($2.85B).

In 2019, the countries that had a largest trade value in imports than in exports of Diesel powered trucks weighing < 5 tonnes were United Kingdom ($4.6B), Australia ($3.87B), Brazil ($2.64B), Netherlands ($2.03B), and Canada ($1.48B).

Import Tariffs

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In 2018, the average tariff for importing Diesel powered trucks weighing < 5 tonnes was 17.1%.  The countries with the highest tariffs for importing Diesel powered trucks weighing < 5 tonnes were Iran (90%), Pakistan (60%), Thailand (38.2%), Indonesia (38.1%), and Maldives (35%).

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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.