HS Icon Parts for filter/purifying machines for liquid/gas

842199 (Harmonized System 1992 for 6-digit)

World Trade (2018): $14.5B, Rnk 198 / 4726

Top Exporter (2018): $3.28B, Germany

Top Importer (2018): $1.73B, United States

Product Complexity (2018): 1.1, Rnk 302 / 2722

Export Growth (CAGR)(2017 - 2018): 19.4%, Rnk 1429 / 4726

Mean Tariff (2018): 4.55%, Rnk 4481 / 6538

Share of World Trade (2018): 0.079%, Rnk 198 / 4726

Overview:  This page contains the latest trade data of Parts for filter/purifying machines for liquid/gas. In 2018, Parts for filter/purifying machines for liquid/gas were the world's 198th most traded product, with a total trade of $14.5B. Between 2017 and 2018 the exports of Parts for filter/purifying machines for liquid/gas grew by 19.4%, from  $12.2B to $14.5B. Trade in Parts for filter/purifying machines for liquid/gas represent 0.079% of total world trade.

Exports: In 2018 the top exporters of Parts for filter/purifying machines for liquid/gas  were Germany ($3.28B), China ($1.89B), United States ($1.88B), Japan ($810M), and France ($580M).

Imports: In 2018 the top importers of Parts for filter/purifying machines for liquid/gas were United States ($1.73B), China ($1.28B), Germany ($1.18B), France ($598M), and Japan ($506M).

Tariffs: In 2018 the average tariff for Parts for filter/purifying machines for liquid/gas was 4.55%, been the 4481 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for filter/purifying machines for liquid/gas are Bahamas (40.2%), Sri Lanka (24.4%), Algeria (24.3%), Maldives (20%), and Republic of the Congo (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Parts for filter/purifying machines for liquid/gas ranks 302nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.28B

Top Destination (2018): United States, $1.73B

Parts for filter/purifying machines for liquid/gas are the world's 198th most traded product.

In 2018, the top exporters of Parts for filter/purifying machines for liquid/gas were Germany ($3.28B), China ($1.89B), United States ($1.88B), Japan ($810M), and France ($580M).

In 2018, the top importers of Parts for filter/purifying machines for liquid/gas were United States ($1.73B), China ($1.28B), Germany ($1.18B), France ($598M), and Japan ($506M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $808M

Top Destination Growth (2017 - 2018): United States, $234M

Between 2017 and 2018, the exports of Parts for filter/purifying machines for liquid/gas grew the fastest in Germany ($808M), China ($320M), United States ($245M), Czechia ($148M), and Thailand ($141M).

Between 2017 and 2018, the fastest growing importers of Parts for filter/purifying machines for liquid/gas were United States ($234M), China ($202M), Germany ($156M), Spain ($101M), and Brazil ($100M).

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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 for filter/purifying machines for liquid/gas.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Parts for filter/purifying machines for liquid/gas are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $2.11B

TOP NET IMPORTER (2018): Russia, $281M

This map shows which countries export or import more of Parts for filter/purifying machines for liquid/gas. Each country is colored based on the difference in exports and imports of Parts for filter/purifying machines for liquid/gas during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts for filter/purifying machines for liquid/gas were Germany ($2.11B), China ($618M), Japan ($304M), Czechia ($187M), and Italy ($165M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts for filter/purifying machines for liquid/gas were Russia ($281M), Turkey ($197M), Mexico ($183M), India ($167M), and Singapore ($165M).

Import Tariffs

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In 2018, the average tariff for importing Parts for filter/purifying machines for liquid/gas was 4.55%.  The countries with the highest tariffs for importing Parts for filter/purifying machines for liquid/gas were Bahamas (40.2%), Sri Lanka (24.4%), Algeria (24.3%), Maldives (20%), and Republic of the Congo (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.