HS Icon Marine propulsion engines, diesel

840810 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.24B, Rnk 925 / 4648

2019
Top Exporter | Top Importer
: $768M | $653M, Germany | China

2019
Product Complexity
: 1.24, Rnk 454 / 4826

2018 - 2019
Export Growth (CAGR)
: 7.79%, Rnk 549 / 4648

2018
Mean Tariff
: 5.17%, Rnk 4017 / 6538

 2019
Share of World Trade
: 0.018%, Rnk 925 / 4648

Overview:  This page contains the latest trade data of Marine propulsion engines, diesel. In 2019, Marine propulsion engines, diesel were the world's 925th most traded product, with a total trade of $3.24B. Between 2018 and 2019 the exports of Marine propulsion engines, diesel grew by 7.79%, from  $3.01B to $3.24B. Trade in Marine propulsion engines, diesel represent 0.018% of total world trade.

Exports: In 2019 the top exporters of Marine propulsion engines, diesel  were Germany ($768M), South Korea ($478M), Japan ($461M), United States ($299M), and Sweden ($267M).

Imports: In 2019 the top importers of Marine propulsion engines, diesel were China ($653M), Italy ($230M), United States ($229M), Netherlands ($160M), and France ($129M).

Tariffs: In 2018 the average tariff for Marine propulsion engines, diesel was 5.17%, making it the 4017th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Marine propulsion engines, diesel are Angola (25%), Bermuda (25%), Tunisia (20%), Maldives (20%), and Samoa (20%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Marine propulsion engines, diesel ranks 454th in the Product Complexity Index (PCI).

Description: A marine propulsion engine is a combustion engine that is used to power a boat or ship. Marine engines have a lower power-to-weight ratio than land engines, which makes them better suited for their use. Diesel engines are a type of marine engine. They are a type of internal combustion engine that is fueled by diesel fuel and is used to power a boat or ship. Marine propulsion engines are used to power boats and ships. They have a lower power-to-weight ratio than land engines, making them better suited for use on water. Diesel engines are a type

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $768M

Top Destination (2019): China, $653M

Marine propulsion engines, diesel are the world's 925th most traded product.

In 2019, the top exporters of Marine propulsion engines, diesel were Germany ($768M), South Korea ($478M), Japan ($461M), United States ($299M), and Sweden ($267M).

In 2019, the top importers of Marine propulsion engines, diesel were China ($653M), Italy ($230M), United States ($229M), Netherlands ($160M), and France ($129M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $85M

Top Destination Growth (2018 - 2019): China, $129M

Between 2018 and 2019, the exports of Marine propulsion engines, diesel grew the fastest in South Korea ($85M), Finland ($47.5M), United States ($46.3M), Japan ($43.9M), and China ($14.3M).

Between 2018 and 2019, the fastest growing importers of Marine propulsion engines, diesel were China ($129M), Italy ($54.6M), Netherlands ($46.9M), Turkey ($44.2M), and France ($35.3M).

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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 Marine propulsion engines, diesel.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Marine propulsion engines, diesel are explained by 12 countries.

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TOP NET EXPORTER (2019): Germany, $655M

TOP NET IMPORTER (2019): China, $511M

This map shows which countries export or import more of Marine propulsion engines, diesel. Each country is colored based on the difference in exports and imports of Marine propulsion engines, diesel during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Marine propulsion engines, diesel were Germany ($655M), Japan ($416M), South Korea ($383M), Sweden ($242M), and Finland ($77.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Marine propulsion engines, diesel were China ($511M), Italy ($137M), Turkey ($112M), Vietnam ($112M), and Netherlands ($105M).

Import Tariffs

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In 2018, the average tariff for importing Marine propulsion engines, diesel was 5.17%.  The countries with the highest tariffs for importing Marine propulsion engines, diesel were Angola (25%), Bermuda (25%), Tunisia (20%), Maldives (20%), and Samoa (20%).

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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.