Engines, diesel, for motor vehicles840820 (Harmonized System 1992 for 6-digit)
World Trade (2018): $32.7B, Rnk 72 / 4726
Top Exporter (2018): $5.54B, United States
Top Importer (2018): $5.32B, Mexico
Product Complexity (2018): 1.1, Rnk 303 / 2722
Export Growth (CAGR)(2017 - 2018): 3.22%, Rnk 3528 / 4726
Mean Tariff (2018): 7.1%, Rnk 3164 / 6538
Share of World Trade (2018): 0.18%, Rnk 72 / 4726
Overview: This page contains the latest trade data of Engines, diesel, for motor vehicles. In 2018, Engines, diesel, for motor vehicles were the world's 72nd most traded product, with a total trade of $32.7B. Between 2017 and 2018 the exports of Engines, diesel, for motor vehicles grew by 3.22%, from $31.6B to $32.7B. Trade in Engines, diesel, for motor vehicles represent 0.18% of total world trade.
Exports: In 2018 the top exporters of Engines, diesel, for motor vehicles were United States ($5.54B), Germany ($4.6B), Hungary ($2.21B), Austria ($2.2B), and United Kingdom ($2.2B).
Imports: In 2018 the top importers of Engines, diesel, for motor vehicles were Mexico ($5.32B), Germany ($3.85B), United States ($3.41B), Turkey ($2.09B), and Spain ($1.98B).
Tariffs: In 2018 the average tariff for Engines, diesel, for motor vehicles was 7.1%, been the 3164 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 303rd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): United States, $5.54B
Top Destination (2018): Mexico, $5.32B
Engines, diesel, for motor vehicles are the world's 72nd most traded product.
In 2018, the top exporters of Engines, diesel, for motor vehicles were United States ($5.54B), Germany ($4.6B), Hungary ($2.21B), Austria ($2.2B), and United Kingdom ($2.2B).
In 2018, the top importers of Engines, diesel, for motor vehicles were Mexico ($5.32B), Germany ($3.85B), United States ($3.41B), Turkey ($2.09B), and Spain ($1.98B).
Trade by country
Top Origin Growth (2017 - 2018): United States, $916M
Top Destination Growth (2017 - 2018): Mexico, $876M
Between 2017 and 2018, the exports of Engines, diesel, for motor vehicles grew the fastest in United States ($916M), Thailand ($378M), Germany ($293M), United Kingdom ($163M), and Italy ($158M).
Between 2017 and 2018, the fastest growing importers of Engines, diesel, for motor vehicles were Mexico ($876M), South Africa ($367M), United Kingdom ($245M), Thailand ($199M), and Austria ($154M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Engines, diesel, for motor vehicles.
In 2018, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Engines, diesel, for motor vehicles are explained by 15 countries.
TOP NET EXPORTER (2018): United States, $2.13B
TOP NET IMPORTER (2018): Mexico, $3.86B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Engines, diesel, for motor vehicles were United States ($2.13B), Hungary ($1.97B), Austria ($1.72B), Sweden ($1.7B), and Italy ($1.34B).
In 2018, the countries that had a largest trade value in imports than in exports of Engines, diesel, for motor vehicles were Mexico ($3.86B), Turkey ($1.8B), Czechia ($1.11B), Belgium-Luxembourg ($756M), and Russia ($627M).
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%).
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.
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