HS Icon Other Vehicles Including Gas Turbine Powered

870390 (Harmonized System 1992 for 6-digit)

World Trade (2019): $84.2B, Rnk 23 / 4648

Top Exporter (2019): $19.2B, Japan

Top Importer (2019): $12.2B, United States

Product Complexity (2019): 1.57, Rnk 179 / 4826

Export Growth (CAGR)(2018 - 2019): 55.6%, Rnk 43 / 4648

Mean Tariff (2018): 23.4%, Rnk 380 / 6538

Share of World Trade (2019): 0.47%, Rnk 23 / 4648

Overview:  This page contains the latest trade data of Other Vehicles Including Gas Turbine Powered. In 2019, Other Vehicles Including Gas Turbine Powered were the world's 23rd most traded product, with a total trade of $84.2B. Between 2018 and 2019 the exports of Other Vehicles Including Gas Turbine Powered grew by 55.6%, from  $54.1B to $84.2B. Trade in Other Vehicles Including Gas Turbine Powered represent 0.47% of total world trade.

Exports: In 2019 the top exporters of Other Vehicles Including Gas Turbine Powered  were Japan ($19.2B), Germany ($14.2B), United States ($10.3B), Belgium ($7.93B), and South Korea ($6B).

Imports: In 2019 the top importers of Other Vehicles Including Gas Turbine Powered were United States ($12.2B), Belgium ($8.03B), China ($7.3B), Germany ($7.05B), and United Kingdom ($6.05B).

Tariffs: In 2018 the average tariff for Other Vehicles Including Gas Turbine Powered was 23.4%, making it the 380th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Other Vehicles Including Gas Turbine Powered are Maldives (150%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Singapore (0%).

Ranking: Other Vehicles Including Gas Turbine Powered ranks 179th in the Product Complexity Index (PCI).

Description: A gas turbine powered vehicle is typically used for military purposes, as well as for towing or for heavy lifting.

Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $19.2B

Top Destination (2019): United States, $12.2B

Other Vehicles Including Gas Turbine Powered are the world's 23rd most traded product.

In 2019, the top exporters of Other Vehicles Including Gas Turbine Powered were Japan ($19.2B), Germany ($14.2B), United States ($10.3B), Belgium ($7.93B), and South Korea ($6B).

In 2019, the top importers of Other Vehicles Including Gas Turbine Powered were United States ($12.2B), Belgium ($8.03B), China ($7.3B), Germany ($7.05B), and United Kingdom ($6.05B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $5.8B

Top Destination Growth (2018 - 2019): Germany, $3.79B

Between 2018 and 2019, the exports of Other Vehicles Including Gas Turbine Powered grew the fastest in Germany ($5.8B), Japan ($5.28B), United States ($5.05B), Belgium ($4.53B), and Slovakia ($2.44B).

Between 2018 and 2019, the fastest growing importers of Other Vehicles Including Gas Turbine Powered were Germany ($3.79B), Belgium ($3.67B), United States ($3.52B), China ($3.34B), and United Kingdom ($2.53B).

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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 Vehicles Including Gas Turbine Powered.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Other Vehicles Including Gas Turbine Powered are explained by 12 countries.

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TOP NET EXPORTER (2019): Japan, $18.7B

TOP NET IMPORTER (2019): China, $6.37B

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Vehicles Including Gas Turbine Powered were Japan ($18.7B), Germany ($7.11B), South Korea ($4.46B), Turkey ($3.08B), and Slovakia ($2.56B).

In 2019, the countries that had a largest trade value in imports than in exports of Other Vehicles Including Gas Turbine Powered were China ($6.37B), Norway ($3.56B), Italy ($2.87B), Netherlands ($2.45B), and Spain ($2.11B).

Import Tariffs

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In 2018, the average tariff for importing Other Vehicles Including Gas Turbine Powered was 23.4%.  The countries with the highest tariffs for importing Other Vehicles Including Gas Turbine Powered were Maldives (150%), India (106%), Pakistan (100%), Iran (90%), and Nepal (80%).

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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.