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

840734 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $36.1B, Rnk 61 / 4648

2019
Top Exporter | Top Importer
: $5.46B | $8.14B, United States | United States

2019
Product Complexity
: 1.5, Rnk 224 / 4826

2018 - 2019
Export Growth (CAGR)
: -2.57%, Rnk 2111 / 4648

2018
Mean Tariff
: 7.94%, Rnk 2859 / 6538

 2019
Share of World Trade
: 0.2%, Rnk 61 / 4648

Overview:  This page contains the latest trade data of Engines, spark-ignition reciprocating, over 1000 cc. In 2019, Engines, spark-ignition reciprocating, over 1000 cc were the world's 61st most traded product, with a total trade of $36.1B. Between 2018 and 2019 the exports of Engines, spark-ignition reciprocating, over 1000 cc decreased by -2.57%, from  $37.1B to $36.1B. Trade in Engines, spark-ignition reciprocating, over 1000 cc represent 0.2% of total world trade.

Exports: In 2019 the top exporters of Engines, spark-ignition reciprocating, over 1000 cc  were United States ($5.46B), Germany ($4.5B), Mexico ($4.12B), Hungary ($3.37B), and Japan ($3.34B).

Imports: In 2019 the top importers of Engines, spark-ignition reciprocating, over 1000 cc were United States ($8.14B), Canada ($5.09B), Germany ($3.45B), Mexico ($2.82B), and China ($1.99B).

Tariffs: In 2018 the average tariff for Engines, spark-ignition reciprocating, over 1000 cc was 7.94%, making it the 2859th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, spark-ignition reciprocating, over 1000 cc are Maldives (41.5%), Laos (38.3%), Pakistan (35%), Trinidad and Tobago (28.4%), and Iran (25%). 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, over 1000 cc ranks 224th in the Product Complexity Index (PCI).

Description: An engine is a device that converts the work of a prime mover into motion and heat. Engines are categorized by their reciprocating, rotary, or turbine nature. Reciprocating engines are the most common type of engine. They are typically powered by a spark-ignition reciprocating engine. Spark-ignition reciprocating engines are powered by an air-fuel mixture in a combustion chamber. They are most commonly used in cars, trucks, motorcycles, and many other vehicles.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $5.46B

Top Destination (2019): United States, $8.14B

Engines, spark-ignition reciprocating, over 1000 cc are the world's 61st most traded product.

In 2019, the top exporters of Engines, spark-ignition reciprocating, over 1000 cc were United States ($5.46B), Germany ($4.5B), Mexico ($4.12B), Hungary ($3.37B), and Japan ($3.34B).

In 2019, the top importers of Engines, spark-ignition reciprocating, over 1000 cc were United States ($8.14B), Canada ($5.09B), Germany ($3.45B), Mexico ($2.82B), and China ($1.99B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $449M

Top Destination Growth (2018 - 2019): Canada, $714M

Between 2018 and 2019, the exports of Engines, spark-ignition reciprocating, over 1000 cc grew the fastest in Poland ($449M), Spain ($329M), South Korea ($251M), Austria ($226M), and Romania ($101M).

Between 2018 and 2019, the fastest growing importers of Engines, spark-ignition reciprocating, over 1000 cc were Canada ($714M), South Korea ($187M), Mexico ($173M), Slovenia ($92.7M), and Romania ($82.2M).

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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, over 1000 cc.

In 2019,  market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Engines, spark-ignition reciprocating, over 1000 cc are explained by 15 countries.

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TOP NET EXPORTER (2019): Japan, $3.09B

TOP NET IMPORTER (2019): Canada, $2.83B

This map shows which countries export or import more of Engines, spark-ignition reciprocating, over 1000 cc. Each country is colored based on the difference in exports and imports of Engines, spark-ignition reciprocating, over 1000 cc during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Engines, spark-ignition reciprocating, over 1000 cc were Japan ($3.09B), Hungary ($2.8B), Austria ($2.08B), Mexico ($1.3B), and United Kingdom ($1.24B).

In 2019, the countries that had a largest trade value in imports than in exports of Engines, spark-ignition reciprocating, over 1000 cc were Canada ($2.83B), United States ($2.68B), Russia ($1.03B), Czechia ($965M), and Slovakia ($899M).

Import Tariffs

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In 2018, the average tariff for importing Engines, spark-ignition reciprocating, over 1000 cc was 7.94%.  The countries with the highest tariffs for importing Engines, spark-ignition reciprocating, over 1000 cc were Maldives (41.5%), Laos (38.3%), Pakistan (35%), Trinidad and Tobago (28.4%), and Iran (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.