Gaskets8484 (Harmonized System 1992 for 4-digit)
World Trade (2018): $4.19B, Rnk 555 / 1225
Top Exporter (2018): $785M, Germany
Top Importer (2018): $521M, United States
Product Complexity (2018): 1.48, Rnk 51 / 1018
Export Growth (CAGR)(2017 - 2018): 6.88%, Rnk 900 / 1225
Mean Tariff (2018): 5.11%, Rnk 806 / 1259
Share of World Trade (2018): 0.023%, Rnk 555 / 1225
Overview: This page contains the latest trade data of Gaskets. In 2018, Gaskets were the world's 555th most traded product, with a total trade of $4.19B. Between 2017 and 2018 the exports of Gaskets grew by 6.88%, from $3.92B to $4.19B. Trade in Gaskets represent 0.023% of total world trade.
Exports: In 2018 the top exporters of Gaskets were Germany ($785M), United States ($568M), Japan ($431M), China ($332M), and United Kingdom ($209M).
Imports: In 2018 the top importers of Gaskets were United States ($521M), Germany ($298M), China ($253M), Mexico ($168M), and France ($160M).
Tariffs: In 2018 the average tariff for Gaskets was 5.11%, been the 806 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Gaskets are Bahamas (40.2%), Bermuda (35%), Maldives (31.3%), Pakistan (20.9%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).
Ranking: Gaskets ranks 51st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $785M
Top Destination (2018): United States, $521M
Gaskets are the world's 555th most traded product.
In 2018, the top exporters of Gaskets were Germany ($785M), United States ($568M), Japan ($431M), China ($332M), and United Kingdom ($209M).
In 2018, the top importers of Gaskets were United States ($521M), Germany ($298M), China ($253M), Mexico ($168M), and France ($160M).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $47.7M
Top Destination Growth (2017 - 2018): United States, $111M
Between 2017 and 2018, the exports of Gaskets grew the fastest in Germany ($47.7M), France ($44.8M), United Kingdom ($34.6M), Netherlands ($34.1M), and Belgium-Luxembourg ($32.2M).
Between 2017 and 2018, the fastest growing importers of Gaskets were United States ($111M), Germany ($60.8M), Brazil ($32.5M), Singapore ($32.3M), and Thailand ($30.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gaskets.
In 2018, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Gaskets are explained by 20 countries.
This map shows which countries export or import more of Gaskets. Each country is colored based on the difference in exports and imports of Gaskets during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Gaskets were Germany ($487M), Japan ($337M), Chinese Taipei ($84.1M), China ($78.8M), and Italy ($64M).
In 2018, the countries that had a largest trade value in imports than in exports of Gaskets were Russia ($72.7M), Saudi Arabia ($59.6M), Indonesia ($58.4M), Mexico ($57.5M), and Brazil ($55.5M).
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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