Overview: This page contains the latest trade data of Engine Parts. In 2018, Engine Parts were the world's 37th most traded product, with a total trade of $69.9B. Between 2017 and 2018 the exports of Engine Parts grew by 8.31%, from $64.5B to $69.9B. Trade in Engine Parts represent 0.38% of total world trade.
Exports: In 2018 the top exporters of Engine Parts were Germany ($14.2B), Japan ($6.91B), United States ($6.64B), China ($5.72B), and Mexico ($4.45B).
Top Destination Growth (2017 - 2018): United States, $2.08B
Between 2017 and 2018, the exports of Engine Parts grew the fastest in China ($1.05B), Germany ($669M), Thailand ($545M), South Korea ($432M), and Mexico ($413M).
Between 2017 and 2018, the fastest growing importers of Engine Parts were United States ($2.08B), China ($480M), Spain ($372M), Germany ($367M), and India ($366M).
This chart shows the evolution of the market concentration of exports of Engine Parts.
In 2018, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Engine Parts are explained by 21 countries.
This map shows which countries export or import more of Engine Parts. Each country is colored based on the difference in exports and imports of Engine Parts during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Engine Parts were Germany ($7.25B), Japan ($5.01B), South Korea ($1.63B), China ($1.54B), and Mexico ($849M).
In 2018, the countries that had a largest trade value in imports than in exports of Engine Parts were United States ($5.34B), United Kingdom ($1.82B), Canada ($1.07B), Hungary ($856M), and Austria ($848M).
In 2018, the average tariff for importing Engine Parts was 4.75%. The countries with the highest tariffs for importing Engine Parts were Maldives (37.6%), Bermuda (35%), Pakistan (24.9%), Jordan (15.6%), and Zambia (13.6%).
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.