HS Icon Other Heating Machinery

8419 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Heating Machinery. In 2019, Other Heating Machinery were the world's 89th most traded product, with a total trade of $41.7B. Between 2018 and 2019 the exports of Other Heating Machinery decreased by -0.023%, from $41.7B to $41.7B. Trade in Other Heating Machinery represent 0.23% of total world trade.

Exports: In 2019 the top exporters of Other Heating Machinery  were Germany ($6.63B), China ($5.11B), United States ($4.2B), Italy ($3.93B), and South Korea ($2.03B).

Imports: In 2019 the top importers of Other Heating Machinery were United States ($6.39B), China ($2.81B), Germany ($2.63B), Russia ($1.63B), and Canada ($1.5B).

Tariffs: In 2018 the average tariff for Other Heating Machinery was 5.75%, making it the 731st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Heating Machinery are Bahamas (32.6%), Bermuda (20%), Maldives (19.6%), Iran (17.3%), and Syria (17.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Heating Machinery ranks 115th in the Product Complexity Index (PCI).

Description: Machinery, plant or laboratory equipment is used to process materials. It can be made from a variety of materials, including steel, aluminum, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $6.63B

Top Destination (2019): United States, $6.39B

Other Heating Machinery are the world's 89th most traded product.

In 2019, the top exporters of Other Heating Machinery were Germany ($6.63B), China ($5.11B), United States ($4.2B), Italy ($3.93B), and South Korea ($2.03B).

In 2019, the top importers of Other Heating Machinery were United States ($6.39B), China ($2.81B), Germany ($2.63B), Russia ($1.63B), and Canada ($1.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $233M

Top Destination Growth (2018 - 2019): United States, $532M

Between 2018 and 2019, the exports of Other Heating Machinery grew the fastest in Mexico ($233M), United States ($168M), South Korea ($167M), Switzerland ($131M), and Spain ($76.4M).

Between 2018 and 2019, the fastest growing importers of Other Heating Machinery were United States ($532M), China ($325M), Thailand ($139M), Canada ($120M), and Indonesia ($101M).

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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 Heating Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Other Heating Machinery are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $3.99B

TOP NET IMPORTER (2019): United States, $2.2B

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Heating Machinery were Germany ($3.99B), Italy ($3.04B), China ($2.3B), Japan ($972M), and Switzerland ($959M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Heating Machinery were United States ($2.2B), Russia ($1.18B), Canada ($662M), Indonesia ($610M), and Saudi Arabia ($592M).

Disaggregation

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Value

In 2019, the world most traded Other Heating Machinery, disaggragated by their HS6 level were Heat exchange units, non-domestic, non-electric ($11.2B), Machinery for treatment by temperature change... ($8.6B), Parts, laboratory/industrial heating/cooling machiner ($6.36B), Commercial equipment, hot drinks/cooking/heating food ($6.04B), and Non-domestic, non-electric dryers nes ($2.16B)

Import Tariffs

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In 2018, the average tariff for importing Other Heating Machinery was 5.75%. The countries with the highest tariffs for importing Other Heating Machinery were Bahamas (32.6%), Bermuda (20%), Maldives (19.6%), Iran (17.3%), and Syria (17.2%).

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 Heating Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.