HS Icon Other Engines

8412 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Engines. In 2019, Other Engines were the world's 153rd most traded product, with a total trade of $24.7B. Between 2018 and 2019 the exports of Other Engines grew by 4.04%, from $23.8B to $24.7B. Trade in Other Engines represent 0.14% of total world trade.

Exports: In 2019 the top exporters of Other Engines  were Germany ($3.97B), China ($3.36B), United States ($3.2B), Japan ($1.53B), and Denmark ($1.37B).

Imports: In 2019 the top importers of Other Engines were United States ($4.98B), Germany ($1.87B), China ($1.66B), United Kingdom ($1.27B), and France ($921M).

Tariffs: In 2018 the average tariff for Other Engines was 3.38%, making it the 1095th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Engines are Bahamas (35.1%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Other Engines ranks 185th in the Product Complexity Index (PCI).

Description: Engines and motors are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and copper.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $3.97B

Top Destination (2019): United States, $4.98B

Other Engines are the world's 153rd most traded product.

In 2019, the top exporters of Other Engines were Germany ($3.97B), China ($3.36B), United States ($3.2B), Japan ($1.53B), and Denmark ($1.37B).

In 2019, the top importers of Other Engines were United States ($4.98B), Germany ($1.87B), China ($1.66B), United Kingdom ($1.27B), and France ($921M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $311M

Top Destination Growth (2018 - 2019): United States, $431M

Between 2018 and 2019, the exports of Other Engines grew the fastest in China ($311M), Turkey ($230M), Netherlands ($202M), United Kingdom ($162M), and India ($144M).

Between 2018 and 2019, the fastest growing importers of Other Engines were United States ($431M), Spain ($252M), Sweden ($178M), Norway ($161M), and Denmark ($151M).

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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 Other Engines.

In 2019,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Other Engines are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $2.1B

TOP NET IMPORTER (2019): United States, $1.77B

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Engines were Germany ($2.1B), China ($1.7B), Denmark ($985M), Japan ($816M), and South Korea ($374M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Engines were United States ($1.77B), Australia ($485M), France ($336M), Norway ($271M), and Brazil ($266M).

Disaggregation

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Value

In 2019, the world most traded Other Engines, disaggragated by their HS6 level were Parts of hydraulic/pneumatic/other power engines ($8.73B), Hydraulic power engines/motors, linear acting ($6.57B), Hydraulic power engines/motors, except linear acting ($4.95B), Pneumatic power engines/motors, linear acting ($1.95B), and Engines and motors nes ($1.1B)

Import Tariffs

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In 2018, the average tariff for importing Other Engines was 3.38%. The countries with the highest tariffs for importing Other Engines were Bahamas (35.1%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Nepal (14.8%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Other Engines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.