HS Icon Engines, diesel except motor vehicle/marine

840890 (Harmonized System 1992 for 6-digit)

World Trade (2019): $13.9B, Rnk 207 / 4648

Top Exporter (2019): $3.03B, Japan

Top Importer (2019): $3.03B, United States

Product Complexity (2019): 1.16, Rnk 556 / 4826

Export Growth (CAGR)(2018 - 2019): -8.36%, Rnk 3206 / 4648

Mean Tariff (2018): 5.93%, Rnk 3625 / 6538

Share of World Trade (2019): 0.077%, Rnk 207 / 4648

Overview:  This page contains the latest trade data of Engines, diesel except motor vehicle/marine. In 2019, Engines, diesel except motor vehicle/marine were the world's 207th most traded product, with a total trade of $13.9B. Between 2018 and 2019 the exports of Engines, diesel except motor vehicle/marine decreased by -8.36%, from  $15.1B to $13.9B. Trade in Engines, diesel except motor vehicle/marine represent 0.077% of total world trade.

Exports: In 2019 the top exporters of Engines, diesel except motor vehicle/marine  were Japan ($3.03B), United Kingdom ($2.14B), United States ($1.78B), Germany ($1.68B), and China ($855M).

Imports: In 2019 the top importers of Engines, diesel except motor vehicle/marine were United States ($3.03B), China ($2.12B), France ($678M), Germany ($664M), and Italy ($573M).

Tariffs: In 2018 the average tariff for Engines, diesel except motor vehicle/marine was 5.93%, making it the 3625th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, diesel except motor vehicle/marine are Bahamas (40.2%), Angola (25%), Bermuda (25%), Tunisia (20%), and Samoa (20%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Engines, diesel except motor vehicle/marine ranks 556th in the Product Complexity Index (PCI).

Description: Engines are used for a variety of purposes, the most common being vehicle propulsion. Engines are also used in generators, power tools, and other machinery. Another common use is in locomotives and other rail vehicles.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $3.03B

Top Destination (2019): United States, $3.03B

Engines, diesel except motor vehicle/marine are the world's 207th most traded product.

In 2019, the top exporters of Engines, diesel except motor vehicle/marine were Japan ($3.03B), United Kingdom ($2.14B), United States ($1.78B), Germany ($1.68B), and China ($855M).

In 2019, the top importers of Engines, diesel except motor vehicle/marine were United States ($3.03B), China ($2.12B), France ($678M), Germany ($664M), and Italy ($573M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hong Kong, $12.6M

Top Destination Growth (2018 - 2019): Turkey, $49.1M

Between 2018 and 2019, the exports of Engines, diesel except motor vehicle/marine grew the fastest in Hong Kong ($12.6M), United Arab Emirates ($9.59M), Argentina ($8.52M), Turkey ($7.93M), and Austria ($7.88M).

Between 2018 and 2019, the fastest growing importers of Engines, diesel except motor vehicle/marine were Turkey ($49.1M), Hong Kong ($46.3M), United Arab Emirates ($42.7M), Nigeria ($35.1M), and Cambodia ($27.6M).

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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 Engines, diesel except motor vehicle/marine.

In 2019,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Engines, diesel except motor vehicle/marine are explained by 12 countries.

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TOP NET EXPORTER (2019): Japan, $2.69B

TOP NET IMPORTER (2019): China, $1.27B

This map shows which countries export or import more of Engines, diesel except motor vehicle/marine. Each country is colored based on the difference in exports and imports of Engines, diesel except motor vehicle/marine during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Engines, diesel except motor vehicle/marine were Japan ($2.69B), United Kingdom ($1.65B), Germany ($1.02B), Sweden ($392M), and India ($385M).

In 2019, the countries that had a largest trade value in imports than in exports of Engines, diesel except motor vehicle/marine were China ($1.27B), United States ($1.25B), Spain ($392M), Canada ($324M), and Turkey ($255M).

Import Tariffs

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In 2018, the average tariff for importing Engines, diesel except motor vehicle/marine was 5.93%.  The countries with the highest tariffs for importing Engines, diesel except motor vehicle/marine were Bahamas (40.2%), Angola (25%), Bermuda (25%), Tunisia (20%), and Samoa (20%).

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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.