HS Icon Liquid Pumps

8413 (Harmonized System 1992 for 4-digit)

World Trade (2019): $67.3B, Rnk 40 / 1217

Top Exporter (2019): $11.3B, Germany

Top Importer (2019): $10.2B, United States

Product Complexity (2019): 1.29, Rnk 82 / 961

Export Growth (CAGR)(2018 - 2019): -1.75%, Rnk 537 / 1217

Mean Tariff (2018): 5.28%, Rnk 776 / 1259

Share of World Trade (2019): 0.37%, Rnk 40 / 1217

Overview:  This page contains the latest trade data of Liquid Pumps. In 2019, Liquid Pumps were the world's 40th most traded product, with a total trade of $67.3B. Between 2018 and 2019 the exports of Liquid Pumps decreased by -1.75%, from  $68.5B to $67.3B. Trade in Liquid Pumps represent 0.37% of total world trade.

Exports: In 2019 the top exporters of Liquid Pumps  were Germany ($11.3B), China ($8.73B), United States ($8.3B), Italy ($4.3B), and Japan ($3.97B).

Imports: In 2019 the top importers of Liquid Pumps were United States ($10.2B), Germany ($5.08B), China ($4.51B), Canada ($2.6B), and Mexico ($2.32B).

Tariffs: In 2018 the average tariff for Liquid Pumps was 5.28%, making it the 776th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Liquid Pumps are Bahamas (32.9%), Bermuda (25.8%), Maldives (25.3%), Iran (19.1%), and Pakistan (17.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Liquid Pumps ranks 82nd in the Product Complexity Index (PCI).

Description: Pumps are used to move liquids from one place to another. They can be made from a variety of materials, including plastic, metal, and ceramic.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $11.3B

Top Destination (2019): United States, $10.2B

Liquid Pumps are the world's 40th most traded product.

In 2019, the top exporters of Liquid Pumps were Germany ($11.3B), China ($8.73B), United States ($8.3B), Italy ($4.3B), and Japan ($3.97B).

In 2019, the top importers of Liquid Pumps were United States ($10.2B), Germany ($5.08B), China ($4.51B), Canada ($2.6B), and Mexico ($2.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $248M

Top Destination Growth (2018 - 2019): Kazakhstan, $352M

Between 2018 and 2019, the exports of Liquid Pumps grew the fastest in South Korea ($248M), China ($157M), Turkey ($128M), Mexico ($101M), and Netherlands ($100M).

Between 2018 and 2019, the fastest growing importers of Liquid Pumps were Kazakhstan ($352M), Saudi Arabia ($78.2M), Mexico ($72.1M), Vietnam ($70.7M), and Romania ($63.9M).

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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 Liquid Pumps.

In 2019,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Liquid Pumps are explained by 21 countries.

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TOP NET EXPORTER (2019): Germany, $6.25B

TOP NET IMPORTER (2019): United States, $1.92B

This map shows which countries export or import more of Liquid Pumps. Each country is colored based on the difference in exports and imports of Liquid Pumps during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Liquid Pumps were Germany ($6.25B), China ($4.21B), Italy ($2.52B), Japan ($2.41B), and Czechia ($1.11B).

In 2019, the countries that had a largest trade value in imports than in exports of Liquid Pumps were United States ($1.92B), Russia ($1.16B), Canada ($1.14B), Indonesia ($856M), and Saudi Arabia ($812M).

Disaggregation

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Value

In 2019, the world most traded Liquid Pumps, disaggragated by their HS6 level were Parts of pumps for liquids ($15.6B), Centrifugal pumps nes ($14.8B), Fuel, lubricating and cooling pumps for... ($13.4B), Reciprocating positive displacement pumps nes ($8.17B), and Rotary positive displacement pumps nes ($6.91B)

Import Tariffs

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In 2018, the average tariff for importing Liquid Pumps was 5.28%.  The countries with the highest tariffs for importing Liquid Pumps were Bahamas (32.9%), Bermuda (25.8%), Maldives (25.3%), Iran (19.1%), and Pakistan (17.2%).

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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.