HS Icon Parts and accessories of accounting machines, nes

847329 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.36B, Rnk 1695 / 4726

Top Exporter (2018): $500M, China

Top Importer (2018): $240M, United States

Product Complexity (2018): 0.75, Rnk 1217 / 4873

Export Growth (CAGR)(2017 - 2018): -1.61%, Rnk 3959 / 4726

Mean Tariff (2018): 3.66%, Rnk 5288 / 6538

Share of World Trade (2018): 0.0074%, Rnk 1695 / 4726

Overview:  This page contains the latest trade data of Parts and accessories of accounting machines, nes. In 2018, Parts and accessories of accounting machines, nes were the world's 1695th most traded product, with a total trade of $1.36B. Between 2017 and 2018 the exports of Parts and accessories of accounting machines, nes decreased by -1.61%, from  $1.39B to $1.36B. Trade in Parts and accessories of accounting machines, nes represent 0.0074% of total world trade.

Exports: In 2018 the top exporters of Parts and accessories of accounting machines, nes  were China ($500M), United States ($90.6M), Singapore ($85.8M), Germany ($70.9M), and Chinese Taipei ($69.9M).

Imports: In 2018 the top importers of Parts and accessories of accounting machines, nes were United States ($240M), Hong Kong ($131M), Japan ($93.7M), Malaysia ($88.7M), and Singapore ($70.8M).

Tariffs: In 2018 the average tariff for Parts and accessories of accounting machines, nes was 3.66%, been the 5288 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories of accounting machines, nes are Bahamas (53.5%), Algeria (25.6%), Bermuda (25%), Ethiopia (19.8%), and Cameroon (19.6%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and Armenia (0%).

Ranking: Parts and accessories of accounting machines, nes ranks 1217th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $500M

Top Destination (2018): United States, $240M

Parts and accessories of accounting machines, nes are the world's 1695th most traded product.

In 2018, the top exporters of Parts and accessories of accounting machines, nes were China ($500M), United States ($90.6M), Singapore ($85.8M), Germany ($70.9M), and Chinese Taipei ($69.9M).

In 2018, the top importers of Parts and accessories of accounting machines, nes were United States ($240M), Hong Kong ($131M), Japan ($93.7M), Malaysia ($88.7M), and Singapore ($70.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $26.1M

Top Destination Growth (2017 - 2018): Malaysia, $24.6M

Between 2017 and 2018, the exports of Parts and accessories of accounting machines, nes grew the fastest in China ($26.1M), Hong Kong ($19.5M), Philippines ($10.6M), Vietnam ($10.5M), and Malaysia ($10.1M).

Between 2017 and 2018, the fastest growing importers of Parts and accessories of accounting machines, nes were Malaysia ($24.6M), Mexico ($23.6M), Bulgaria ($16.7M), Brazil ($14.3M), and Japan ($12.8M).

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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 Parts and accessories of accounting machines, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Parts and accessories of accounting machines, nes are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $468M

TOP NET IMPORTER (2018): United States, $149M

This map shows which countries export or import more of Parts and accessories of accounting machines, nes. Each country is colored based on the difference in exports and imports of Parts and accessories of accounting machines, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts and accessories of accounting machines, nes were China ($468M), Chinese Taipei ($58M), Vietnam ($27.4M), Singapore ($15M), and South Korea ($11.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts and accessories of accounting machines, nes were United States ($149M), Hong Kong ($82M), Brazil ($43.1M), Japan ($42.6M), and Malaysia ($35.3M).

Trade Forecasts

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This section shows forecasts for total trade for Parts and accessories of accounting machines, nes. 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 Parts and accessories of accounting machines, nes was 3.66%.  The countries with the highest tariffs for importing Parts and accessories of accounting machines, nes were Bahamas (53.5%), Algeria (25.6%), Bermuda (25%), Ethiopia (19.8%), and Cameroon (19.6%).

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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.