HS Icon Dump trucks designed for off-highway use

870410 (Harmonized System 1992 for 6-digit)

World Trade (2019): $8.01B, Rnk 386 / 4648

Top Exporter (2019): $1.95B, United States

Top Importer (2019): $1.12B, United States

Product Complexity (2019): -1.11, Rnk 4067 / 4826

Export Growth (CAGR)(2018 - 2019): -10.6%, Rnk 3488 / 4648

Mean Tariff (2018): 8.78%, Rnk 2608 / 6538

Share of World Trade (2019): 0.044%, Rnk 386 / 4648

Overview:  This page contains the latest trade data of Dump trucks designed for off-highway use. In 2019, Dump trucks designed for off-highway use were the world's 386th most traded product, with a total trade of $8.01B. Between 2018 and 2019 the exports of Dump trucks designed for off-highway use decreased by -10.6%, from  $8.96B to $8.01B. Trade in Dump trucks designed for off-highway use represent 0.044% of total world trade.

Exports: In 2019 the top exporters of Dump trucks designed for off-highway use  were United States ($1.95B), United Kingdom ($944M), Japan ($843M), Belarus ($645M), and Sweden ($636M).

Imports: In 2019 the top importers of Dump trucks designed for off-highway use were United States ($1.12B), Australia ($828M), Russia ($791M), Canada ($628M), and Indonesia ($346M).

Tariffs: In 2018 the average tariff for Dump trucks designed for off-highway use was 8.78%, making it the 2608th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Dump trucks designed for off-highway use are Maldives (35%), Bermuda (35%), India (32.9%), Poland (31%), and Nepal (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Sri Lanka (0%).

Ranking: Dump trucks designed for off-highway use ranks 4067th in the Product Complexity Index (PCI).

Description: Off-highway dump trucks are typically used for tasks like construction, mining, and forestry. They are commonly used to transport material such as gravel, dirt, and sand.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $1.95B

Top Destination (2019): United States, $1.12B

Dump trucks designed for off-highway use are the world's 386th most traded product.

In 2019, the top exporters of Dump trucks designed for off-highway use were United States ($1.95B), United Kingdom ($944M), Japan ($843M), Belarus ($645M), and Sweden ($636M).

In 2019, the top importers of Dump trucks designed for off-highway use were United States ($1.12B), Australia ($828M), Russia ($791M), Canada ($628M), and Indonesia ($346M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $229M

Top Destination Growth (2018 - 2019): Mongolia, $133M

Between 2018 and 2019, the exports of Dump trucks designed for off-highway use grew the fastest in United States ($229M), Turkey ($110M), China ($68.6M), Germany ($37.9M), and Austria ($33M).

Between 2018 and 2019, the fastest growing importers of Dump trucks designed for off-highway use were Mongolia ($133M), Poland ($110M), Vietnam ($102M), Peru ($99.3M), and United States ($84.7M).

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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 Dump trucks designed for off-highway use.

In 2019,  market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Dump trucks designed for off-highway use are explained by 15 countries.

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TOP NET EXPORTER (2019): United States, $828M

TOP NET IMPORTER (2019): Australia, $764M

This map shows which countries export or import more of Dump trucks designed for off-highway use. Each country is colored based on the difference in exports and imports of Dump trucks designed for off-highway use during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Dump trucks designed for off-highway use were United States ($828M), Japan ($788M), United Kingdom ($734M), Belarus ($644M), and Sweden ($579M).

In 2019, the countries that had a largest trade value in imports than in exports of Dump trucks designed for off-highway use were Australia ($764M), Russia ($761M), Canada ($500M), Indonesia ($336M), and Mongolia ($248M).

Import Tariffs

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In 2018, the average tariff for importing Dump trucks designed for off-highway use was 8.78%.  The countries with the highest tariffs for importing Dump trucks designed for off-highway use were Maldives (35%), Bermuda (35%), India (32.9%), Poland (31%), and Nepal (30%).

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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.