HS Icon Engines, spark-ignition type nes

840790 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.07B, Rnk 967 / 4648

2019
Top Exporter | Top Importer
: $803M | $897M, China | United States

2019
Product Complexity
: 1.49, Rnk 232 / 4826

2018 - 2019
Export Growth (CAGR)
: -9.41%, Rnk 3351 / 4648

2018
Mean Tariff
: 6.4%, Rnk 3426 / 6538

 2019
Share of World Trade
: 0.017%, Rnk 967 / 4648

Overview:  This page contains the latest trade data of Engines, spark-ignition type nes. In 2019, Engines, spark-ignition type nes were the world's 967th most traded product, with a total trade of $3.07B. Between 2018 and 2019 the exports of Engines, spark-ignition type nes decreased by -9.41%, from  $3.39B to $3.07B. Trade in Engines, spark-ignition type nes represent 0.017% of total world trade.

Exports: In 2019 the top exporters of Engines, spark-ignition type nes  were China ($803M), United States ($589M), Japan ($447M), Thailand ($357M), and Italy ($288M).

Imports: In 2019 the top importers of Engines, spark-ignition type nes were United States ($897M), China ($233M), Canada ($171M), Mexico ($120M), and Italy ($120M).

Tariffs: In 2018 the average tariff for Engines, spark-ignition type nes was 6.4%, making it the 3426th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Engines, spark-ignition type nes are Laos (38.3%), Maldives (30.5%), Angola (25%), Bermuda (25%), 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, spark-ignition type nes ranks 232nd in the Product Complexity Index (PCI).

Description: Engines that use spark-ignition are used in cars, trucks, and buses, as well as in chainsaws and lawnmowers. These engines all use gasoline to get the engine going. What the spark-ignition does is provide the spark that makes the fuel combust.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $803M

Top Destination (2019): United States, $897M

Engines, spark-ignition type nes are the world's 967th most traded product.

In 2019, the top exporters of Engines, spark-ignition type nes were China ($803M), United States ($589M), Japan ($447M), Thailand ($357M), and Italy ($288M).

In 2019, the top importers of Engines, spark-ignition type nes were United States ($897M), China ($233M), Canada ($171M), Mexico ($120M), and Italy ($120M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $64.8M

Top Destination Growth (2018 - 2019): Cambodia, $53.2M

Between 2018 and 2019, the exports of Engines, spark-ignition type nes grew the fastest in Canada ($64.8M), Poland ($38.5M), France ($36.8M), Austria ($28.1M), and South Korea ($4.73M).

Between 2018 and 2019, the fastest growing importers of Engines, spark-ignition type nes were Cambodia ($53.2M), Oman ($40.7M), China ($35.1M), Bahamas ($33.4M), and Senegal ($28.6M).

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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, spark-ignition type nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Engines, spark-ignition type nes are explained by 9 countries.

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TOP NET EXPORTER (2019): China, $570M

TOP NET IMPORTER (2019): United States, $308M

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

In 2019, the countries that had a largest trade value in exports than in imports of Engines, spark-ignition type nes were China ($570M), Japan ($353M), Thailand ($329M), Italy ($168M), and Austria ($23.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Engines, spark-ignition type nes were United States ($308M), Mexico ($119M), Indonesia ($103M), Canada ($80.5M), and Australia ($55M).

Import Tariffs

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In 2018, the average tariff for importing Engines, spark-ignition type nes was 6.4%.  The countries with the highest tariffs for importing Engines, spark-ignition type nes were Laos (38.3%), Maldives (30.5%), Angola (25%), Bermuda (25%), 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.