Motor-working Tools8467 (Harmonized System 1992 for 4-digit)
World Trade (2018): $8.67B, Rnk 363 / 1225
Top Exporter (2018): $2.51B, China
Top Importer (2018): $1.63B, United States
Product Complexity (2018): 1.63, Rnk 32 / 1018
Export Growth (CAGR)(2017 - 2018): -2.1%, Rnk 1121 / 1225
Mean Tariff (2018): 4.76%, Rnk 863 / 1259
Share of World Trade (2018): 0.047%, Rnk 363 / 1225
Overview: This page contains the latest trade data of Motor-working Tools. In 2018, Motor-working Tools were the world's 363rd most traded product, with a total trade of $8.67B. Between 2017 and 2018 the exports of Motor-working Tools decreased by -2.1%, from $8.86B to $8.67B. Trade in Motor-working Tools represent 0.047% of total world trade.
Exports: In 2018 the top exporters of Motor-working Tools were China ($2.51B), Germany ($1.19B), Chinese Taipei ($773M), United States ($726M), and Sweden ($523M).
Imports: In 2018 the top importers of Motor-working Tools were United States ($1.63B), Germany ($562M), France ($409M), Belgium-Luxembourg ($325M), and United Kingdom ($300M).
Tariffs: In 2018 the average tariff for Motor-working Tools was 4.76%, been the 863 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Motor-working Tools are Bahamas (39.3%), Bermuda (25%), Maldives (19.6%), and Brazil (15.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Motor-working Tools ranks 32nd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $2.51B
Top Destination (2018): United States, $1.63B
Motor-working Tools are the world's 363rd most traded product.
In 2018, the top exporters of Motor-working Tools were China ($2.51B), Germany ($1.19B), Chinese Taipei ($773M), United States ($726M), and Sweden ($523M).
In 2018, the top importers of Motor-working Tools were United States ($1.63B), Germany ($562M), France ($409M), Belgium-Luxembourg ($325M), and United Kingdom ($300M).
Trade by country
Top Origin Growth (2017 - 2018): Belgium-Luxembourg, $79.7M
Top Destination Growth (2017 - 2018): Brazil, $34.6M
Between 2017 and 2018, the exports of Motor-working Tools grew the fastest in Belgium-Luxembourg ($79.7M), Germany ($40.1M), Netherlands ($33.4M), Slovenia ($30.1M), and United Kingdom ($25.8M).
Between 2017 and 2018, the fastest growing importers of Motor-working Tools were Brazil ($34.6M), Ukraine ($23.7M), India ($23.2M), Germany ($21.3M), and Indonesia ($19.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Motor-working Tools.
In 2018, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Motor-working Tools are explained by 15 countries.
TOP NET EXPORTER (2018): China, $2.24B
TOP NET IMPORTER (2018): United States, $901M
This map shows which countries export or import more of Motor-working Tools. Each country is colored based on the difference in exports and imports of Motor-working Tools during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Motor-working Tools were China ($2.24B), Chinese Taipei ($718M), Germany ($625M), Sweden ($390M), and Japan ($231M).
In 2018, the countries that had a largest trade value in imports than in exports of Motor-working Tools were United States ($901M), France ($237M), Russia ($231M), United Kingdom ($168M), and Canada ($166M).
In 2018, the average tariff for importing Motor-working Tools was 4.76%. The countries with the highest tariffs for importing Motor-working Tools were Bahamas (39.3%), Bermuda (25%), Maldives (19.6%), and Brazil (15.5%).
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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