HS Icon Engines, spark-ignition reciprocating, 250-1000 cc

840733 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.16B, Rnk 961 / 4726

Top Exporter (2018): $765M, Romania

Top Importer (2018): $376M, United States

Product Complexity (2018): 1.04, Rnk 708 / 4873

Export Growth (CAGR)(2017 - 2018): 55.6%, Rnk 279 / 4726

Mean Tariff (2018): 7.82%, Rnk 2904 / 6538

Share of World Trade (2018): 0.017%, Rnk 961 / 4726

Overview:  This page contains the latest trade data of Engines, spark-ignition reciprocating, 250-1000 cc. In 2018, Engines, spark-ignition reciprocating, 250-1000 cc were the world's 961st most traded product, with a total trade of $3.16B. Between 2017 and 2018 the exports of Engines, spark-ignition reciprocating, 250-1000 cc grew by 55.6%, from  $2.03B to $3.16B. Trade in Engines, spark-ignition reciprocating, 250-1000 cc represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Engines, spark-ignition reciprocating, 250-1000 cc  were Romania ($765M), Poland ($453M), Czechia ($386M), Japan ($385M), and South Korea ($225M).

Imports: In 2018 the top importers of Engines, spark-ignition reciprocating, 250-1000 cc were United States ($376M), Germany ($337M), Turkey ($291M), Czechia ($253M), and France ($248M).

Tariffs: In 2018 the average tariff for Engines, spark-ignition reciprocating, 250-1000 cc was 7.82%, been the 2904 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, spark-ignition reciprocating, 250-1000 cc are Maldives (41.5%), Laos (38.3%), Pakistan (35%), Trinidad and Tobago (28.4%), and Vietnam (26.2%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Engines, spark-ignition reciprocating, 250-1000 cc ranks 708th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Romania, $765M

Top Destination (2018): United States, $376M

Engines, spark-ignition reciprocating, 250-1000 cc are the world's 961st most traded product.

In 2018, the top exporters of Engines, spark-ignition reciprocating, 250-1000 cc were Romania ($765M), Poland ($453M), Czechia ($386M), Japan ($385M), and South Korea ($225M).

In 2018, the top importers of Engines, spark-ignition reciprocating, 250-1000 cc were United States ($376M), Germany ($337M), Turkey ($291M), Czechia ($253M), and France ($248M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Czechia, $346M

Top Destination Growth (2017 - 2018): Morocco, $169M

Between 2017 and 2018, the exports of Engines, spark-ignition reciprocating, 250-1000 cc grew the fastest in Czechia ($346M), Romania ($227M), Poland ($116M), Spain ($108M), and Germany ($63.3M).

Between 2017 and 2018, the fastest growing importers of Engines, spark-ignition reciprocating, 250-1000 cc were Morocco ($169M), Italy ($146M), South Africa ($137M), Spain ($112M), and France ($111M).

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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, spark-ignition reciprocating, 250-1000 cc.

In 2018,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Engines, spark-ignition reciprocating, 250-1000 cc are explained by 11 countries.

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TOP NET EXPORTER (2018): Romania, $667M

TOP NET IMPORTER (2018): United States, $313M

This map shows which countries export or import more of Engines, spark-ignition reciprocating, 250-1000 cc. Each country is colored based on the difference in exports and imports of Engines, spark-ignition reciprocating, 250-1000 cc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Engines, spark-ignition reciprocating, 250-1000 cc were Romania ($667M), Poland ($421M), Japan ($384M), South Korea ($187M), and Austria ($156M).

In 2018, the countries that had a largest trade value in imports than in exports of Engines, spark-ignition reciprocating, 250-1000 cc were United States ($313M), Germany ($254M), Morocco ($246M), France ($225M), and Turkey ($172M).

Trade Forecasts

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This section shows forecasts for total trade for Engines, spark-ignition reciprocating, 250-1000 cc. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Engines, spark-ignition reciprocating, 250-1000 cc was 7.82%.  The countries with the highest tariffs for importing Engines, spark-ignition reciprocating, 250-1000 cc were Maldives (41.5%), Laos (38.3%), Pakistan (35%), Trinidad and Tobago (28.4%), and Vietnam (26.2%).

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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.