HS Icon Gearing, ball screws, speed changers, torque converte

848340 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Gearing, ball screws, speed changers, torque converte. In 2019, Gearing, ball screws, speed changers, torque converte were the world's 138th most traded product, with a total trade of $19.5B. Between 2018 and 2019 the exports of Gearing, ball screws, speed changers, torque converte decreased by -6.27%, from $20.8B to $19.5B. Trade in Gearing, ball screws, speed changers, torque converte represent 0.11% of total world trade.

Exports: In 2019 the top exporters of Gearing, ball screws, speed changers, torque converte  were Germany ($3.52B), China ($2.54B), Japan ($2.09B), United States ($1.9B), and Italy ($1.8B).

Imports: In 2019 the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.97B), China ($1.87B), Germany ($1.55B), Canada ($1.04B), and France ($718M).

Tariffs: In 2018 the average tariff for Gearing, ball screws, speed changers, torque converte was 4.94%, making it the 4184th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Gearing, ball screws, speed changers, torque converte are Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (31.2%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Gearing, ball screws, speed changers, torque converte ranks 237th in the Product Complexity Index (PCI).

Description: Gearing is a system of two or more gears to change the ratio of the speeds. Ball screws are precision linear guides that are used to create straight and linear motion for precision applications. Speed changers are an apparatus that changes the speed of one load to another. Torque converters convert torque from one form to another.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $3.52B

Top Destination (2019): United States, $3.97B

Gearing, ball screws, speed changers, torque converte are the world's 138th most traded product.

In 2019, the top exporters of Gearing, ball screws, speed changers, torque converte were Germany ($3.52B), China ($2.54B), Japan ($2.09B), United States ($1.9B), and Italy ($1.8B).

In 2019, the top importers of Gearing, ball screws, speed changers, torque converte were United States ($3.97B), China ($1.87B), Germany ($1.55B), Canada ($1.04B), and France ($718M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $140M

Top Destination Growth (2018 - 2019): United States, $107M

Between 2018 and 2019, the exports of Gearing, ball screws, speed changers, torque converte grew the fastest in United States ($140M), China ($101M), India ($52.3M), Turkey ($20.2M), and Czechia ($18.2M).

Between 2018 and 2019, the fastest growing importers of Gearing, ball screws, speed changers, torque converte were United States ($107M), Russia ($37.1M), Australia ($33.4M), Vietnam ($17.7M), and Senegal ($14.6M).

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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 Gearing, ball screws, speed changers, torque converte.

In 2019,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Gearing, ball screws, speed changers, torque converte are explained by 18 countries.

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TOP NET EXPORTER (2019): Germany, $1.97B

TOP NET IMPORTER (2019): United States, $2.07B

This map shows which countries export or import more of Gearing, ball screws, speed changers, torque converte. Each country is colored based on the difference in exports and imports of Gearing, ball screws, speed changers, torque converte during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Gearing, ball screws, speed changers, torque converte were Germany ($1.97B), Japan ($1.66B), Italy ($1.18B), Chinese Taipei ($753M), and China ($669M).

In 2019, the countries that had a largest trade value in imports than in exports of Gearing, ball screws, speed changers, torque converte were United States ($2.07B), Canada ($846M), Brazil ($330M), Russia ($295M), and Mexico ($263M).

Import Tariffs

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In 2018, the average tariff for importing Gearing, ball screws, speed changers, torque converte was 4.94%. The countries with the highest tariffs for importing Gearing, ball screws, speed changers, torque converte were Bahamas (42.6%), Bermuda (35%), Maldives (34.2%), Pakistan (31.2%), and Tunisia (20%).

Product Complexity

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Diversification Frontier

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Specialization

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.