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

847490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.91B, Rnk 470 / 4726

Top Exporter (2018): $1.25B, China

Top Importer (2018): $661M, United States

Export Growth (CAGR)(2017 - 2018): 10.8%, Rnk 2552 / 4726

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

Share of World Trade (2018): 0.038%, Rnk 470 / 4726

Overview:  This page contains the latest trade data of Parts for mineral sort, screen, mix, etc machines. In 2018, Parts for mineral sort, screen, mix, etc machines were the world's 470th most traded product, with a total trade of $6.91B. Between 2017 and 2018 the exports of Parts for mineral sort, screen, mix, etc machines grew by 10.8%, from  $6.24B to $6.91B. Trade in Parts for mineral sort, screen, mix, etc machines represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Parts for mineral sort, screen, mix, etc machines  were China ($1.25B), Germany ($885M), Italy ($497M), United States ($436M), and India ($260M).

Imports: In 2018 the top importers of Parts for mineral sort, screen, mix, etc machines were United States ($661M), Australia ($369M), Germany ($346M), Russia ($238M), and United Kingdom ($226M).

Tariffs: In 2018 the average tariff for Parts for mineral sort, screen, mix, etc machines was 3.53%, been the 5390 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.25B

Top Destination (2018): United States, $661M

Parts for mineral sort, screen, mix, etc machines are the world's 470th most traded product.

In 2018, the top exporters of Parts for mineral sort, screen, mix, etc machines were China ($1.25B), Germany ($885M), Italy ($497M), United States ($436M), and India ($260M).

In 2018, the top importers of Parts for mineral sort, screen, mix, etc machines were United States ($661M), Australia ($369M), Germany ($346M), Russia ($238M), and United Kingdom ($226M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $98.4M

Top Destination Growth (2017 - 2018): Australia, $71.2M

Between 2017 and 2018, the exports of Parts for mineral sort, screen, mix, etc machines grew the fastest in Italy ($98.4M), Netherlands ($93.2M), United Kingdom ($63.5M), Iran ($44.2M), and Sweden ($43.8M).

Between 2017 and 2018, the fastest growing importers of Parts for mineral sort, screen, mix, etc machines were Australia ($71.2M), Germany ($69.9M), Russia ($66.4M), China ($51.7M), and United States ($47.8M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Parts for mineral sort, screen, mix, etc machines are explained by 25 countries.

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TOP NET EXPORTER (2018): China, $1.07B

TOP NET IMPORTER (2018): United States, $225M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts for mineral sort, screen, mix, etc machines were China ($1.07B), Germany ($539M), Italy ($431M), India ($119M), and Turkey ($106M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts for mineral sort, screen, mix, etc machines were United States ($225M), Russia ($210M), Australia ($203M), Peru ($185M), and Mexico ($153M).

Trade Forecasts

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This section shows forecasts for total trade for Parts for mineral sort, screen, mix, etc machines. 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 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.