Engine Parts8409 (Harmonized System 1992 for 4-digit)
2019 World Trade: $65.8B, Rnk 42 / 1217
2019 Top Exporter | Top Importer: $13.2B | $11.6B, Germany | United States
2019 Product Complexity: 1.02, Rnk 144 / 961
2018 - 2019 Export Growth (CAGR): -5.95%, Rnk 788 / 1217
2018 Mean Tariff: 4.75%, Rnk 865 / 1259
2019 Share of World Trade: 0.36%, Rnk 42 / 1217
Overview This page contains the latest trade data of Engine Parts. In 2019, Engine Parts were the world's 42nd most traded product, with a total trade of $65.8B. Between 2018 and 2019 the exports of Engine Parts decreased by -5.95%, from $70B to $65.8B. Trade in Engine Parts represent 0.36% of total world trade.
Exports In 2019 the top exporters of Engine Parts were Germany ($13.2B), Japan ($6.5B), United States ($6.19B), China ($5.44B), and Mexico ($4.32B).
Imports In 2019 the top importers of Engine Parts were United States ($11.6B), Germany ($6.44B), China ($3.84B), Mexico ($3.76B), and United Kingdom ($3.36B).
Tariffs In 2018 the average tariff for Engine Parts was 4.75%, making it the 865th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Engine Parts are Maldives (37.6%), Bermuda (35%), Pakistan (24.9%), Jordan (15.6%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).
Ranking Engine Parts ranks 144th in the Product Complexity Index (PCI).
Description Parts suitable for use solely or principally with internal combustion piston engine are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and copper.
Trade By Country
Top Origin (2019): Germany, $13.2B
Top Destination (2019): United States, $11.6B
Engine Parts are the world's 42nd most traded product.
In 2019, the top exporters of Engine Parts were Germany ($13.2B), Japan ($6.5B), United States ($6.19B), China ($5.44B), and Mexico ($4.32B).
In 2019, the top importers of Engine Parts were United States ($11.6B), Germany ($6.44B), China ($3.84B), Mexico ($3.76B), and United Kingdom ($3.36B).
Trade by country
Top Origin Growth (2018 - 2019): South Korea, $364M
Top Destination Growth (2018 - 2019): Mexico, $155M
Between 2018 and 2019, the exports of Engine Parts grew the fastest in South Korea ($364M), Turkey ($95M), Serbia ($46.6M), United Arab Emirates ($21.7M), and Vietnam ($18.4M).
Between 2018 and 2019, the fastest growing importers of Engine Parts were Mexico ($155M), Poland ($85.3M), Iraq ($59.3M), Philippines ($46.9M), and Kazakhstan ($37.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Engine Parts.
In 2019, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Engine Parts are explained by 21 countries.
TOP NET EXPORTER (2019): Germany, $6.78B
TOP NET IMPORTER (2019): United States, $5.4B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Engine Parts were Germany ($6.78B), Japan ($4.74B), South Korea ($2.03B), China ($1.61B), and Turkey ($883M).
In 2019, the countries that had a largest trade value in imports than in exports of Engine Parts were United States ($5.4B), United Kingdom ($1.68B), Canada ($1.19B), Austria ($805M), and Hungary ($717M).
In 2019, the world most traded Engine Parts, disaggragated by their HS6 level were Parts for diesel and semi-diesel engines ($33.5B), Parts for spark-ignition engines except aircraft ($31.4B), and Parts for spark-ignition aircraft engines ($895M)
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.