HS Icon Parts and accessories of office machines, nes

847340 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.62B, Rnk 1108 / 4726

Top Exporter (2018): $574M, China

Top Importer (2018): $429M, United States

Product Complexity (2018): 0.81, Rnk 1105 / 4873

Export Growth (CAGR)(2017 - 2018): -1.43%, Rnk 3941 / 4726

Mean Tariff (2018): 4.18%, Rnk 4821 / 6538

Share of World Trade (2018): 0.014%, Rnk 1108 / 4726

Overview:  This page contains the latest trade data of Parts and accessories of office machines, nes. In 2018, Parts and accessories of office machines, nes were the world's 1108th most traded product, with a total trade of $2.62B. Between 2017 and 2018 the exports of Parts and accessories of office machines, nes decreased by -1.43%, from  $2.65B to $2.62B. Trade in Parts and accessories of office machines, nes represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Parts and accessories of office machines, nes  were China ($574M), Philippines ($299M), Japan ($240M), Germany ($235M), and Mexico ($168M).

Imports: In 2018 the top importers of Parts and accessories of office machines, nes were United States ($429M), Hong Kong ($280M), Hungary ($221M), Japan ($187M), and Germany ($165M).

Tariffs: In 2018 the average tariff for Parts and accessories of office machines, nes was 4.18%, been the 4821 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories of office 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 Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Parts and accessories of office machines, nes ranks 1105th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $574M

Top Destination (2018): United States, $429M

Parts and accessories of office machines, nes are the world's 1108th most traded product.

In 2018, the top exporters of Parts and accessories of office machines, nes were China ($574M), Philippines ($299M), Japan ($240M), Germany ($235M), and Mexico ($168M).

In 2018, the top importers of Parts and accessories of office machines, nes were United States ($429M), Hong Kong ($280M), Hungary ($221M), Japan ($187M), and Germany ($165M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $119M

Top Destination Growth (2017 - 2018): United States, $88.4M

Between 2017 and 2018, the exports of Parts and accessories of office machines, nes grew the fastest in Mexico ($119M), United States ($57.2M), Philippines ($43.5M), Hungary ($41.1M), and Hong Kong ($23.1M).

Between 2017 and 2018, the fastest growing importers of Parts and accessories of office machines, nes were United States ($88.4M), Germany ($38.5M), India ($17.2M), Palestine ($13.8M), and Brazil ($11.7M).

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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 office machines, nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Parts and accessories of office machines, nes are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $444M

TOP NET IMPORTER (2018): United States, $265M

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

In 2018, the countries that had a largest trade value in exports than in imports of Parts and accessories of office machines, nes were China ($444M), Philippines ($210M), Germany ($70M), Mexico ($66.1M), and Japan ($52.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts and accessories of office machines, nes were United States ($265M), Hong Kong ($208M), Hungary ($121M), Brazil ($46.1M), and Russia ($29.1M).

Trade Forecasts

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This section shows forecasts for total trade for Parts and accessories of office 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 office machines, nes was 4.18%.  The countries with the highest tariffs for importing Parts and accessories of office 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.