HS Icon Mixing, kneading machines for minerals except bitumen

847439 (Harmonized System 1992 for 6-digit)

World Trade (2018): $583M, Rnk 2625 / 4726

Top Exporter (2018): $118M, Germany

Top Importer (2018): $36.1M, China

Export Growth (CAGR)(2017 - 2018): 17.3%, Rnk 1626 / 4726

Mean Tariff (2018): 4.27%, Rnk 4742 / 6538

Share of World Trade (2018): 0.0032%, Rnk 2625 / 4726

Overview:  This page contains the latest trade data of Mixing, kneading machines for minerals except bitumen. In 2018, Mixing, kneading machines for minerals except bitumen were the world's 2625th most traded product, with a total trade of $583M. Between 2017 and 2018 the exports of Mixing, kneading machines for minerals except bitumen grew by 17.3%, from  $497M to $583M. Trade in Mixing, kneading machines for minerals except bitumen represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Mixing, kneading machines for minerals except bitumen  were Germany ($118M), China ($112M), Italy ($81.6M), United States ($36M), and Turkey ($17M).

Imports: In 2018 the top importers of Mixing, kneading machines for minerals except bitumen were China ($36.1M), United States ($29.6M), Indonesia ($25.7M), Iran ($22.3M), and India ($21.1M).

Tariffs: In 2018 the average tariff for Mixing, kneading machines for minerals except bitumen was 4.27%, been the 4742 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mixing, kneading machines for minerals except bitumen are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $118M

Top Destination (2018): China, $36.1M

Mixing, kneading machines for minerals except bitumen are the world's 2625th most traded product.

In 2018, the top exporters of Mixing, kneading machines for minerals except bitumen were Germany ($118M), China ($112M), Italy ($81.6M), United States ($36M), and Turkey ($17M).

In 2018, the top importers of Mixing, kneading machines for minerals except bitumen were China ($36.1M), United States ($29.6M), Indonesia ($25.7M), Iran ($22.3M), and India ($21.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $23.6M

Top Destination Growth (2017 - 2018): Iran, $13.9M

Between 2017 and 2018, the exports of Mixing, kneading machines for minerals except bitumen grew the fastest in Germany ($23.6M), Italy ($13.4M), China ($12.4M), Netherlands ($9.78M), and Spain ($5.46M).

Between 2017 and 2018, the fastest growing importers of Mixing, kneading machines for minerals except bitumen were Iran ($13.9M), Poland ($11.2M), United States ($8.94M), India ($8.08M), and Brazil ($6.98M).

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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 Mixing, kneading machines for minerals except bitumen.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Mixing, kneading machines for minerals except bitumen are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $103M

TOP NET IMPORTER (2018): Indonesia, $25.4M

This map shows which countries export or import more of Mixing, kneading machines for minerals except bitumen. Each country is colored based on the difference in exports and imports of Mixing, kneading machines for minerals except bitumen during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Mixing, kneading machines for minerals except bitumen were Germany ($103M), Italy ($77.6M), China ($75.4M), Netherlands ($14M), and Finland ($11.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Mixing, kneading machines for minerals except bitumen were Indonesia ($25.4M), Iran ($22.2M), Poland ($16.7M), Vietnam ($15.9M), and Russia ($14.2M).

Trade Forecasts

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This section shows forecasts for total trade for Mixing, kneading machines for minerals except bitumen. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Mixing, kneading machines for minerals except bitumen was 4.27%.  The countries with the highest tariffs for importing Mixing, kneading machines for minerals except bitumen were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.4%).

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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.