HS Icon Parts for mineral sort, screen, mix, etc machines

847490 (Harmonized System 1992 for 6-digit)

World Trade (2019): $7.33B, Rnk 429 / 4648

Top Exporter (2019): $1.39B, China

Top Importer (2019): $651M, United States

Product Complexity (2019): 0.091, Rnk 2460 / 4826

Export Growth (CAGR)(2018 - 2019): 2.58%, Rnk 1063 / 4648

Mean Tariff (2018): 3.53%, Rnk 5390 / 6538

Share of World Trade (2019): 0.04%, Rnk 429 / 4648

Overview:  This page contains the latest trade data of Parts for mineral sort, screen, mix, etc machines. In 2019, Parts for mineral sort, screen, mix, etc machines were the world's 429th most traded product, with a total trade of $7.33B. Between 2018 and 2019 the exports of Parts for mineral sort, screen, mix, etc machines grew by 2.58%, from  $7.15B to $7.33B. Trade in Parts for mineral sort, screen, mix, etc machines represent 0.04% of total world trade.

Exports: In 2019 the top exporters of Parts for mineral sort, screen, mix, etc machines  were China ($1.39B), Germany ($819M), United States ($684M), Italy ($470M), and India ($311M).

Imports: In 2019 the top importers of Parts for mineral sort, screen, mix, etc machines were United States ($651M), Australia ($374M), Canada ($373M), Germany ($321M), and Russia ($309M).

Tariffs: In 2018 the average tariff for Parts for mineral sort, screen, mix, etc machines was 3.53%, making it the 5390th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts for mineral sort, screen, mix, etc machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Morocco (13.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts for mineral sort, screen, mix, etc machines ranks 2460th in the Product Complexity Index (PCI).

Description: Parts for mineral sorting machines are typically made of metal. They are used to separate small pieces of mineral from large pieces. Screening machines are used to separate different sized pieces of mineral based on the screens in between. Machines for mixing are used to combine small pieces of minerals that are the same.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.39B

Top Destination (2019): United States, $651M

Parts for mineral sort, screen, mix, etc machines are the world's 429th most traded product.

In 2019, the top exporters of Parts for mineral sort, screen, mix, etc machines were China ($1.39B), Germany ($819M), United States ($684M), Italy ($470M), and India ($311M).

In 2019, the top importers of Parts for mineral sort, screen, mix, etc machines were United States ($651M), Australia ($374M), Canada ($373M), Germany ($321M), and Russia ($309M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $141M

Top Destination Growth (2018 - 2019): Russia, $71.8M

Between 2018 and 2019, the exports of Parts for mineral sort, screen, mix, etc machines grew the fastest in China ($141M), India ($51.2M), Spain ($29.4M), Russia ($27.9M), and Turkey ($26.8M).

Between 2018 and 2019, the fastest growing importers of Parts for mineral sort, screen, mix, etc machines were Russia ($71.8M), Kazakhstan ($36.1M), Vietnam ($25.4M), Brazil ($23.3M), and Panama ($22.8M).

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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 for mineral sort, screen, mix, etc machines.

In 2019,  market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Parts for mineral sort, screen, mix, etc machines are explained by 24 countries.

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TOP NET EXPORTER (2019): China, $1.19B

TOP NET IMPORTER (2019): Russia, $253M

This map shows which countries export or import more of Parts for mineral sort, screen, mix, etc machines. Each country is colored based on the difference in exports and imports of Parts for mineral sort, screen, mix, etc machines during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts for mineral sort, screen, mix, etc machines were China ($1.19B), Germany ($498M), Italy ($404M), India ($156M), and Turkey ($142M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts for mineral sort, screen, mix, etc machines were Russia ($253M), Australia ($208M), Canada ($178M), Peru ($173M), and Mexico ($136M).

Import Tariffs

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In 2018, the average tariff for importing Parts for mineral sort, screen, mix, etc machines was 3.53%.  The countries with the highest tariffs for importing Parts for mineral sort, screen, mix, etc machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Morocco (13.8%).

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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.