HS Icon Fuel, lubricating and cooling pumps for motor engines

841330 (Harmonized System 1992 for 6-digit)

World Trade (2018): $14.3B, Rnk 201 / 4726

Top Exporter (2018): $3.04B, Germany

Top Importer (2018): $2.7B, United States

Product Complexity (2018): 1.2, Rnk 222 / 2722

Export Growth (CAGR)(2017 - 2018): 4.04%, Rnk 3439 / 4726

Mean Tariff (2018): 5.92%, Rnk 3637 / 6538

Share of World Trade (2018): 0.078%, Rnk 201 / 4726

Overview:  This page contains the latest trade data of Fuel, lubricating and cooling pumps for motor engines. In 2018, Fuel, lubricating and cooling pumps for motor engines were the world's 201st most traded product, with a total trade of $14.3B. Between 2017 and 2018 the exports of Fuel, lubricating and cooling pumps for motor engines grew by 4.04%, from  $13.7B to $14.3B. Trade in Fuel, lubricating and cooling pumps for motor engines represent 0.078% of total world trade.

Exports: In 2018 the top exporters of Fuel, lubricating and cooling pumps for motor engines  were Germany ($3.04B), Czechia ($1.53B), United States ($1.34B), China ($1.08B), and Mexico ($1.02B).

Imports: In 2018 the top importers of Fuel, lubricating and cooling pumps for motor engines were United States ($2.7B), Germany ($1.58B), China ($1.06B), Mexico ($793M), and United Kingdom ($744M).

Tariffs: In 2018 the average tariff for Fuel, lubricating and cooling pumps for motor engines was 5.92%, been the 3637 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Fuel, lubricating and cooling pumps for motor engines are Bahamas (42.6%), Maldives (39%), Bermuda (35%), Pakistan (32.5%), and Jordan (23.4%). The countries with the lowest tariffs are Angola (0%), Ghana (0%), Mauritius (0%), South Africa (0%), and Zambia (0%).

Ranking: Fuel, lubricating and cooling pumps for motor engines ranks 222nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.04B

Top Destination (2018): United States, $2.7B

Fuel, lubricating and cooling pumps for motor engines are the world's 201st most traded product.

In 2018, the top exporters of Fuel, lubricating and cooling pumps for motor engines were Germany ($3.04B), Czechia ($1.53B), United States ($1.34B), China ($1.08B), and Mexico ($1.02B).

In 2018, the top importers of Fuel, lubricating and cooling pumps for motor engines were United States ($2.7B), Germany ($1.58B), China ($1.06B), Mexico ($793M), and United Kingdom ($744M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $184M

Top Destination Growth (2017 - 2018): United States, $150M

Between 2017 and 2018, the exports of Fuel, lubricating and cooling pumps for motor engines grew the fastest in Germany ($184M), Mexico ($113M), Belgium-Luxembourg ($96.8M), Slovakia ($87.3M), and United States ($57.2M).

Between 2017 and 2018, the fastest growing importers of Fuel, lubricating and cooling pumps for motor engines were United States ($150M), Spain ($121M), China ($91M), Czechia ($77.4M), and Singapore ($56.1M).

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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 Fuel, lubricating and cooling pumps for motor engines.

In 2018,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Fuel, lubricating and cooling pumps for motor engines are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $1.47B

TOP NET IMPORTER (2018): United States, $1.36B

This map shows which countries export or import more of Fuel, lubricating and cooling pumps for motor engines. Each country is colored based on the difference in exports and imports of Fuel, lubricating and cooling pumps for motor engines during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Fuel, lubricating and cooling pumps for motor engines were Germany ($1.47B), Czechia ($1.13B), Japan ($603M), Italy ($444M), and Romania ($404M).

In 2018, the countries that had a largest trade value in imports than in exports of Fuel, lubricating and cooling pumps for motor engines were United States ($1.36B), United Kingdom ($471M), France ($274M), Spain ($227M), and Indonesia ($195M).

Import Tariffs

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In 2018, the average tariff for importing Fuel, lubricating and cooling pumps for motor engines was 5.92%.  The countries with the highest tariffs for importing Fuel, lubricating and cooling pumps for motor engines were Bahamas (42.6%), Maldives (39%), Bermuda (35%), Pakistan (32.5%), and Jordan (23.4%).

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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.