Machinery for treatment by temperature change nes841989 (Harmonized System 1992 for 6-digit)
World Trade (2018): $8.65B, Rnk 362 / 4726
Top Exporter (2018): $2.13B, Germany
Top Importer (2018): $1.03B, United States
Product Complexity (2018): 0.9, Rnk 517 / 2722
Export Growth (CAGR)(2017 - 2018): 6.62%, Rnk 3134 / 4726
Mean Tariff (2018): 5.33%, Rnk 3938 / 6538
Share of World Trade (2018): 0.047%, Rnk 362 / 4726
Overview: This page contains the latest trade data of Machinery for treatment by temperature change nes. In 2018, Machinery for treatment by temperature change nes were the world's 362nd most traded product, with a total trade of $8.65B. Between 2017 and 2018 the exports of Machinery for treatment by temperature change nes grew by 6.62%, from $8.12B to $8.65B. Trade in Machinery for treatment by temperature change nes represent 0.047% of total world trade.
Exports: In 2018 the top exporters of Machinery for treatment by temperature change nes were Germany ($2.13B), China ($1.01B), Italy ($668M), United States ($648M), and Japan ($549M).
Imports: In 2018 the top importers of Machinery for treatment by temperature change nes were United States ($1.03B), Russia ($902M), China ($871M), Germany ($372M), and South Korea ($309M).
Tariffs: In 2018 the average tariff for Machinery for treatment by temperature change nes was 5.33%, been the 3938 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Machinery for treatment by temperature change nes are Bahamas (40.2%), Algeria (26.6%), Bermuda (25%), Iran (21%), and Pakistan (19.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Machinery for treatment by temperature change nes ranks 517th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $2.13B
Top Destination (2018): United States, $1.03B
Machinery for treatment by temperature change nes are the world's 362nd most traded product.
In 2018, the top exporters of Machinery for treatment by temperature change nes were Germany ($2.13B), China ($1.01B), Italy ($668M), United States ($648M), and Japan ($549M).
In 2018, the top importers of Machinery for treatment by temperature change nes were United States ($1.03B), Russia ($902M), China ($871M), Germany ($372M), and South Korea ($309M).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $691M
Top Destination Growth (2017 - 2018): United States, $241M
Between 2017 and 2018, the exports of Machinery for treatment by temperature change nes grew the fastest in Germany ($691M), Japan ($91.6M), Mexico ($87.3M), Netherlands ($81.2M), and Chinese Taipei ($80.9M).
Between 2017 and 2018, the fastest growing importers of Machinery for treatment by temperature change nes were United States ($241M), China ($205M), Russia ($191M), Germany ($85.7M), and Iran ($63M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Machinery for treatment by temperature change nes.
In 2018, market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Machinery for treatment by temperature change nes are explained by 18 countries.
This map shows which countries export or import more of Machinery for treatment by temperature change nes. Each country is colored based on the difference in exports and imports of Machinery for treatment by temperature change nes during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Machinery for treatment by temperature change nes were Germany ($1.76B), Italy ($555M), Japan ($300M), Switzerland ($194M), and South Korea ($193M).
In 2018, the countries that had a largest trade value in imports than in exports of Machinery for treatment by temperature change nes were Russia ($841M), United States ($381M), Vietnam ($157M), Iran ($117M), and Saudi Arabia ($106M).
In 2018, the average tariff for importing Machinery for treatment by temperature change nes was 5.33%. The countries with the highest tariffs for importing Machinery for treatment by temperature change nes were Bahamas (40.2%), Algeria (26.6%), Bermuda (25%), Iran (21%), and Pakistan (19.9%).
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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