HS Icon Engines, diesel, for motor vehicles

840820 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $30B, Rnk 83 / 4648

2019
Top Exporter | Top Importer
: $5.89B | $5.45B, United States | Mexico

2019
Product Complexity
: 1.14, Rnk 589 / 4826

2018 - 2019
Export Growth (CAGR)
: -8.13%, Rnk 3168 / 4648

2018
Mean Tariff
: 7.1%, Rnk 3164 / 6538

 2019
Share of World Trade
: 0.17%, Rnk 83 / 4648

Overview:  This page contains the latest trade data of Engines, diesel, for motor vehicles. In 2019, Engines, diesel, for motor vehicles were the world's 83rd most traded product, with a total trade of $30B. Between 2018 and 2019 the exports of Engines, diesel, for motor vehicles decreased by -8.13%, from  $32.7B to $30B. Trade in Engines, diesel, for motor vehicles represent 0.17% of total world trade.

Exports: In 2019 the top exporters of Engines, diesel, for motor vehicles  were United States ($5.89B), Germany ($4.6B), Austria ($2.04B), United Kingdom ($2.04B), and Hungary ($1.89B).

Imports: In 2019 the top importers of Engines, diesel, for motor vehicles were Mexico ($5.45B), Germany ($3.71B), United States ($3.21B), Spain ($1.83B), and Turkey ($1.7B).

Tariffs: In 2018 the average tariff for Engines, diesel, for motor vehicles was 7.1%, making it the 3164th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, diesel, for motor vehicles are Maldives (48.8%), Pakistan (35%), Trinidad and Tobago (28.4%), Angola (25%), and Bermuda (25%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Engines, diesel, for motor vehicles ranks 589th in the Product Complexity Index (PCI).

Description: An engine is a device that converts energy into mechanical energy. In an internal combustion engine, the energy comes from combustion of fuel. Engines come in many different shapes, sizes, and power outputs, and are used in many different applications, including cars, trucks, trains, airplanes, and ships. Diesel engines are used in cars, trucks, and trains.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $5.89B

Top Destination (2019): Mexico, $5.45B

Engines, diesel, for motor vehicles are the world's 83rd most traded product.

In 2019, the top exporters of Engines, diesel, for motor vehicles were United States ($5.89B), Germany ($4.6B), Austria ($2.04B), United Kingdom ($2.04B), and Hungary ($1.89B).

In 2019, the top importers of Engines, diesel, for motor vehicles were Mexico ($5.45B), Germany ($3.71B), United States ($3.21B), Spain ($1.83B), and Turkey ($1.7B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $346M

Top Destination Growth (2018 - 2019): Mexico, $188M

Between 2018 and 2019, the exports of Engines, diesel, for motor vehicles grew the fastest in United States ($346M), India ($90.7M), Mexico ($39.1M), South Africa ($36.2M), and Brazil ($26.5M).

Between 2018 and 2019, the fastest growing importers of Engines, diesel, for motor vehicles were Mexico ($188M), Slovakia ($127M), South Africa ($121M), Brazil ($113M), and Finland ($70.8M).

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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, for motor vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Engines, diesel, for motor vehicles are explained by 15 countries.

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TOP NET EXPORTER (2019): United States, $2.68B

TOP NET IMPORTER (2019): Mexico, $3.94B

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

In 2019, the countries that had a largest trade value in exports than in imports of Engines, diesel, for motor vehicles were United States ($2.68B), Hungary ($1.61B), Austria ($1.6B), Sweden ($1.52B), and United Kingdom ($1.21B).

In 2019, the countries that had a largest trade value in imports than in exports of Engines, diesel, for motor vehicles were Mexico ($3.94B), Turkey ($1.46B), Czechia ($1.07B), Spain ($804M), and Belgium ($659M).

Import Tariffs

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In 2018, the average tariff for importing Engines, diesel, for motor vehicles was 7.1%.  The countries with the highest tariffs for importing Engines, diesel, for motor vehicles were Maldives (48.8%), Pakistan (35%), Trinidad and Tobago (28.4%), Angola (25%), and Bermuda (25%).

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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.